DXC Technology (NYSE:DXC) Price Target Lowered to $14.00 at Royal Bank Of Canada

DXC Technology (NYSE:DXC) had its target price lowered by Royal Bank Of Canada from $16.00 to $14.00 in a research note issued to investors on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus dropped their price target on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research note on Friday. Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley decreased their price objective on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. BMO Capital Markets cut their target price on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.81.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $11.30 on Friday. DXC Technology has a 12 month low of $7.90 and a 12 month high of $15.68. The firm has a market capitalization of $1.85 billion, a P/E ratio of 16.14 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36. The company’s fifty day moving average price is $9.44 and its 200 day moving average price is $11.44.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $3 billion during 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 15.61%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, sell-side analysts predict that DXC Technology will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling at DXC Technology

In related news, CEO Raul J. Fernandez bought 28,051 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $8.90 per share, with a total value of $249,653.90. Following the completion of the acquisition, the chief executive officer owned 844,052 shares in the company, valued at approximately $7,512,062.80. This trade represents a 3.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

Several large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in DXC Technology by 47.4% in the 2nd quarter. Versant Capital Management Inc now owns 7,474 shares of the company’s stock valued at $66,000 after buying an additional 2,404 shares during the last quarter. Glenmede Trust Co. NA increased its stake in DXC Technology by 13.3% in the 1st quarter. Glenmede Trust Co. NA now owns 880,260 shares of the company’s stock valued at $11,065,000 after buying an additional 103,221 shares during the period. Access Investment Management LLC purchased a new position in DXC Technology during the 1st quarter worth $6,256,000. Bank of America Corp DE raised its position in DXC Technology by 41.1% during the 1st quarter. Bank of America Corp DE now owns 1,074,481 shares of the company’s stock worth $13,506,000 after buying an additional 313,078 shares during the last quarter. Finally, Amundi lifted its stake in shares of DXC Technology by 79.4% in the 1st quarter. Amundi now owns 45,502 shares of the company’s stock worth $572,000 after acquiring an additional 20,143 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Key Headlines Impacting DXC Technology

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

• Positive Sentiment: DXC reported first-quarter fiscal 2027 free cash flow of $314 million, up from $97 million a year earlier. Bookings increased 5% year over year to $3.0 billion, suggesting improved demand despite the revenue decline. The company also repurchased $70 million of stock. DXC Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Management highlighted momentum in its AI platform and announced a strategic partnership with ElevenLabs, while new leadership appointments are intended to accelerate DXC’s AI-focused strategy. These moves could improve the company’s longer-term growth prospects. DXC and ElevenLabs Announce Strategic Partnership
• Positive Sentiment: An article reports that hedge funds remain bullish on DXC, potentially providing support from institutional investors despite the stock’s year-to-date weakness. Hedge Funds Are Bullish on DXC Technology
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $16 to $14 but maintained a “sector perform” rating. The revised target still implies meaningful upside, although the reduction signals more cautious expectations. Benzinga
• Negative Sentiment: Fiscal Q1 adjusted EPS was $0.40, below the $0.42 consensus and down sharply from $0.68 a year earlier. Revenue fell 5.1% year over year to $3.0 billion, while organic revenue declined 6.7%. DXC Technology Q1 Earnings Miss Estimates, Revenues Decline Year Over Year
• Negative Sentiment: DXC’s second-quarter fiscal 2027 EPS outlook of $0.55 is well below the approximately $0.71 analyst consensus. Management also expects fiscal 2027 organic revenue to contract 3%–5%, reinforcing concerns about near-term growth. The company partly offset this with a higher full-year free-cash-flow outlook of about $685 million. DXC Expects Fiscal 2027 Organic Revenue to Decline

DXC Technology Company Profile

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.