DXC Technology Company. (NYSE:DXC) Receives $15.00 Average Price Target from Brokerages

Shares of DXC Technology Company. (NYSE:DXC) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.00.

Several analysts recently issued reports on DXC shares. Wolfe Research upgraded shares of DXC Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus cut their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Susquehanna set a $14.00 price objective on DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reiterated 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.

DXC Technology Price Performance

Shares of DXC opened at $14.67 on Tuesday. The firm has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $14.08. The firm has a market cap of $2.55 billion, a PE ratio of 7.23 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 1-year low of $11.82 and a 1-year high of $23.75.

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

Insider Transactions at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president owned 88,605 shares in the company, valued at approximately $1,342,365.75. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DXC. AQR Capital Management LLC boosted its stake in shares of DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after acquiring an additional 1,936,726 shares during the period. Millennium Management LLC boosted its stake in DXC Technology by 1,765.9% in the 1st quarter. Millennium Management LLC now owns 1,652,331 shares of the company’s stock worth $28,172,000 after purchasing an additional 1,563,775 shares during the period. UBS Group AG grew its holdings in DXC Technology by 131.2% during the 3rd quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock valued at $27,906,000 after buying an additional 1,161,879 shares in the last quarter. Norges Bank bought a new stake in shares of DXC Technology during the second quarter valued at approximately $16,589,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of DXC Technology by 1,156.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock worth $17,317,000 after buying an additional 1,042,409 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

About DXC Technology

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.