Brokerages Set DXC Technology Company. (NYSE:DXC) PT at $12.21

DXC Technology Company. (NYSE:DXC) has been assigned an average recommendation of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.2143.

A number of research firms recently commented on DXC. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. Royal Bank Of Canada dropped their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Stifel Nicolaus reduced their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st. Morgan Stanley set a $12.00 price target on DXC Technology in a research note on Monday, August 3rd. Finally, Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th.

DXC Technology Price Performance

DXC Technology stock opened at $11.40 on Friday. The company has a market cap of $1.82 billion, a P/E ratio of 16.29 and a beta of 0.80. DXC Technology has a one year low of $7.90 and a one year high of $15.68. The business has a fifty day moving average of $10.58 and a two-hundred day moving average of $10.75. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, analysts predict that DXC Technology will post 2.61 earnings per share for the current fiscal year.

Institutional Trading of DXC Technology

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of 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 buying an additional 60,935 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in DXC Technology by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after acquiring an additional 49,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DXC Technology by 4.9% in 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 valued at $12,542,000 after acquiring an additional 34,544 shares during the last quarter. Creative Planning increased its holdings in DXC Technology by 83.9% during the 2nd quarter. Creative Planning now owns 21,863 shares of the company’s stock valued at $334,000 after acquiring an additional 9,972 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in DXC Technology by 240.6% during 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 in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Company Profile

DXC Technology (NYSE: DXC) is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.