DXC Technology Company. (NYSE:DXC) Receives Average Recommendation of “Reduce” from Brokerages

DXC Technology Company. (NYSE:DXCGet Free Report) has earned an average recommendation of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.00.

DXC has been the topic of a number of research analyst reports. Susquehanna set a $14.00 price objective on shares of DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Wolfe Research downgraded shares of DXC Technology from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, January 8th. Stifel Nicolaus decreased their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th.

View Our Latest Research Report on DXC Technology

DXC Technology Stock Performance

DXC opened at $14.99 on Friday. The business’s 50 day moving average is $14.38 and its 200-day moving average is $14.03. The stock has a market cap of $2.61 billion, a PE ratio of 7.38 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. DXC Technology has a twelve month low of $11.82 and a twelve month high of $23.75.

DXC Technology (NYSE:DXCGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a return on equity of 17.83% and a net margin of 2.93%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, analysts predict that DXC Technology will post 3.35 earnings per share for the current year.

Insider Activity at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the completion of the sale, the senior vice president directly owned 88,605 shares of the company’s stock, valued at $1,342,365.75. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of DXC Technology by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock valued at $319,654,000 after acquiring an additional 800,973 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of DXC Technology by 8.5% in the third quarter. American Century Companies Inc. now owns 7,591,818 shares of the company’s stock valued at $103,476,000 after purchasing an additional 596,475 shares in the last quarter. State Street Corp grew its holdings in shares of DXC Technology by 2.1% during the second quarter. State Street Corp now owns 6,381,982 shares of the company’s stock valued at $97,581,000 after buying an additional 128,916 shares in the last quarter. AQR Capital Management LLC raised its position in DXC Technology by 13.5% during the third quarter. AQR Capital Management LLC now owns 4,463,367 shares of the company’s stock valued at $60,836,000 after buying an additional 529,394 shares during the period. Finally, UBS Group AG lifted its stake in DXC Technology by 131.2% in the 3rd quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock worth $27,906,000 after acquiring an additional 1,161,879 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Key Headlines Impacting DXC Technology

Here are the key news stories impacting DXC Technology this week:

DXC Technology Company Profile

(Get Free Report)

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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