BMO Capital Markets Lowers DXC Technology (NYSE:DXC) Price Target to $10.00

DXC Technology (NYSE:DXC) had its price objective decreased by BMO Capital Markets from $17.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 5.88% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. TD Cowen reduced their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Stifel Nicolaus set a $12.00 target price on shares of DXC Technology in a research report on Friday. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the company an “underperform” rating in a research report on Friday, January 30th. Finally, Zacks Research downgraded shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $13.50.

DXC Technology Price Performance

Shares of DXC opened at $9.45 on Monday. DXC Technology has a twelve month low of $8.40 and a twelve month high of $17.26. The firm’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $13.41. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 157.42 and a beta of 0.85. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was down 1.2% on a year-over-year basis. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. Equities analysts forecast that DXC Technology will post 2.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its position in DXC Technology by 156.3% during the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock worth $1,703,000 after purchasing an additional 60,935 shares during the last quarter. Goldman Sachs Group Inc. grew its position in DXC Technology by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock worth $21,134,000 after purchasing an additional 49,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in DXC Technology by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock worth $12,542,000 after purchasing an additional 34,544 shares during the last quarter. Creative Planning grew its position in DXC Technology by 83.9% during the 2nd quarter. Creative Planning now owns 21,863 shares of the company’s stock worth $334,000 after purchasing an additional 9,972 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

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.