TD Cowen Has Lowered Expectations for DXC Technology (NYSE:DXC) Stock Price

DXC Technology (NYSE:DXC) had its price target decreased by research analysts at TD Cowen from $11.00 to $10.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 7.01% from the stock’s current price.

DXC has been the subject of several other research reports. BMO Capital Markets lowered their price objective on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Weiss Ratings downgraded shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Zacks Research cut shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of DXC Technology in a report on Friday, June 12th. Finally, Morgan Stanley dropped their price target on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $12.25.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $9.35 on Thursday. DXC Technology has a fifty-two week low of $7.90 and a fifty-two week high of $15.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day moving average price of $9.34 and a 200 day moving average price of $11.95. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 155.75 and a beta of 0.82.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts expect that DXC Technology will post 2.62 earnings per share for the current fiscal year.

Insider Activity at DXC Technology

In other news, CEO Raul J. Fernandez purchased 28,051 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $8.90 per share, with a total value of $249,653.90. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of DXC Technology by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock worth $126,068,000 after buying an additional 258,819 shares during the period. FIL Ltd boosted its holdings in DXC Technology by 0.7% during the 4th quarter. FIL Ltd now owns 6,383,750 shares of the company’s stock valued at $93,522,000 after acquiring an additional 45,015 shares during the period. State Street Corp boosted its holdings in DXC Technology by 2.1% during the 2nd quarter. State Street Corp now owns 6,381,982 shares of the company’s stock valued at $97,581,000 after acquiring an additional 128,916 shares during the period. AQR Capital Management LLC grew its position in DXC Technology by 6.4% in the 4th quarter. AQR Capital Management LLC now owns 4,750,808 shares of the company’s stock valued at $69,599,000 after acquiring an additional 287,441 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of DXC Technology by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,547,205 shares of the company’s stock worth $37,317,000 after purchasing an additional 98,479 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Trending Headlines about DXC Technology

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

• Positive Sentiment: DXC said it completed a major cloud conversion for Wilton Re, migrating more than 400,000 policies to a single modern platform. The project extends a 20-year partnership and could support future AI-enabled efficiencies and higher-value recurring work. Article Title
• Positive Sentiment: DXC also opened new AI-focused centers in Bengaluru and expanded its India footprint, signaling continued investment in enterprise AI services and potentially stronger demand for consulting and implementation work. Article Title
• Positive Sentiment: Another report highlighted DXC’s AI center in Bengaluru, reinforcing the company’s push to position itself as an AI transformation partner for enterprises. Article Title
• Neutral Sentiment: DXC and Wilton Re marked their 20-year partnership with another announcement about the cloud conversion milestone, which supports the same longer-term growth narrative but does not add materially new information. Article Title
• Neutral Sentiment: MarketWatch noted the stock underperformed peers, suggesting investors are still cautious despite the recent corporate announcements. Article Title
• Negative Sentiment: TD Cowen cut its price target on DXC to $10 from $11 and kept a hold rating, which can weigh on sentiment by signaling limited upside expectations. Article Title
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of DXC investors, adding a legal overhang that could pressure shares until more clarity emerges. Article Title

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.