DXC Technology (NYSE:DXC) Given New $18.00 Price Target at Royal Bank of Canada

DXC Technology (NYSE:DXC) had its target price trimmed by Royal Bank of Canada from $27.00 to $18.00 in a research report released on Thursday,Benzinga reports. The firm currently has a sector perform rating on the stock.

Other analysts have also recently issued research reports about the company. Morgan Stanley lowered their price objective on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday. BMO Capital Markets decreased their price target on DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday. Susquehanna dropped their price target on DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Finally, Guggenheim restated a “neutral” rating on shares of DXC Technology in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.83.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $15.26 on Thursday. The company has a market capitalization of $2.76 billion, a PE ratio of -36.32, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a 50-day simple moving average of $15.90 and a two-hundred day simple moving average of $19.06. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. Research analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

Institutional Trading of DXC Technology

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of DXC Technology by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock worth $472,220,000 after purchasing an additional 270,206 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in DXC Technology by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company’s stock valued at $180,725,000 after acquiring an additional 163,291 shares during the period. American Century Companies Inc. lifted its stake in DXC Technology by 11.8% during the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company’s stock valued at $110,888,000 after acquiring an additional 686,705 shares during the period. LSV Asset Management boosted its holdings in shares of DXC Technology by 22.7% in the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company’s stock valued at $70,781,000 after acquiring an additional 769,026 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of DXC Technology by 2.8% in the first quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company’s stock worth $33,254,000 after acquiring an additional 53,598 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).