DXC Technology Company. (NYSE:DXC) Stock Has Average Price Target of $12.21 According to Brokerages

DXC Technology Company. (NYSE:DXC) has received an average rating of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $12.21.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price objective on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. TD Cowen lifted their price objective on shares of DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price objective on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Morgan Stanley set a $12.00 price target on DXC Technology in a report on Monday, August 3rd.

Institutional Trading of DXC Technology

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in DXC Technology by 16.2% during the third quarter. Versant Capital Management Inc now owns 8,682 shares of the company’s stock worth $94,000 after purchasing an additional 1,208 shares during the period. Envestnet Asset Management Inc. raised its position in shares of DXC Technology by 99.1% in the second quarter. Envestnet Asset Management Inc. now owns 69,742 shares of the company’s stock valued at $617,000 after purchasing an additional 34,722 shares during the period. State Street Corp raised its position in shares of DXC Technology by 25.0% in the second quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after purchasing an additional 1,536,243 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of DXC Technology by 137.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,726 shares of the company’s stock worth $723,000 after buying an additional 47,284 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of DXC Technology by 171.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 89,521 shares of the company’s stock worth $792,000 after buying an additional 56,508 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC stock opened at $12.02 on Thursday. The company’s fifty day simple moving average is $11.10 and its 200-day simple moving average is $10.61. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. DXC Technology has a 12 month low of $7.90 and a 12 month high of $15.68. The firm has a market cap of $1.92 billion, a PE ratio of 17.17 and a beta of 0.79.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities research analysts expect that DXC Technology will post 2.61 EPS for the current fiscal year.

About DXC Technology

DXC Technology (NYSE:DXC) is a global information technology services company that helps businesses and government organizations modernize and manage their technology environments. Its services include IT consulting, systems integration, cloud computing, cybersecurity, data and analytics, application development and management, and workplace and infrastructure services.

The company supports clients in moving workloads to public, private and hybrid cloud environments, improving digital customer experiences, automating business processes and managing complex technology operations.