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

Shares of DXC Technology Company. (NYSE:DXC) have been assigned a consensus recommendation of “Reduce” from the nine research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.00.

DXC has been the topic of several recent research reports. Wolfe Research lowered shares of DXC Technology from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, January 8th. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Susquehanna set a $14.00 target price on DXC Technology and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus lowered their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, October 31st.

DXC Technology Stock Performance

DXC opened at $14.43 on Friday. The stock’s 50 day simple moving average is $14.52 and its 200-day simple moving average is $14.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.51 billion, a PE ratio of 7.11 and a beta of 1.04. 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 results on Friday, October 31st. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business’s revenue was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Insider Activity

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated Thursday, December 11th. The shares were 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 owned 88,605 shares in the company, valued at $1,342,365.75. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Maryland State Retirement & Pension System grew its position in DXC Technology by 1.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 61,629 shares of the company’s stock worth $942,000 after acquiring an additional 691 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of DXC Technology by 38.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after purchasing an additional 778 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of DXC Technology by 1.1% in the second quarter. Yousif Capital Management LLC now owns 78,367 shares of the company’s stock valued at $1,198,000 after buying an additional 833 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of DXC Technology by 16.3% in the third quarter. CoreCap Advisors LLC now owns 6,271 shares of the company’s stock valued at $85,000 after buying an additional 879 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in DXC Technology by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 53,799 shares of the company’s stock worth $733,000 after buying an additional 961 shares in the last quarter. 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.