Analysts Set DXC Technology Company. (NYSE:DXC) PT at $12.25

DXC Technology Company. (NYSE:DXC) has received an average rating of “Reduce” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.25.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered 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. Morgan Stanley decreased their price objective on shares of 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. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Stifel Nicolaus set a $12.00 target price on shares of DXC Technology in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th.

Insider Buying and Selling

In related news, CEO Raul J. Fernandez acquired 28,051 shares of DXC Technology stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 844,052 shares in the company, valued at $7,512,062.80. This trade represents a 3.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DXC Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S grew its position in DXC Technology by 280.0% during the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after acquiring an additional 1,400 shares during the last quarter. Fifth Third Bancorp grew its position in DXC Technology by 116.0% during the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after acquiring an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 1,147 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in DXC Technology by 13,258.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after purchasing an additional 2,254 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Up 1.3%

DXC stock opened at $9.44 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $11.62. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 157.25 and a beta of 0.82. DXC Technology has a twelve month low of $7.90 and a twelve month high of $15.68.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Analysts anticipate that DXC Technology will post 2.61 EPS for the current fiscal year.

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.