BMO Capital Markets Increases DXC Technology (NYSE:DXC) Price Target to $25.00

DXC Technology (NYSE:DXC) had its price target hoisted by equities researchers at BMO Capital Markets from $22.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 9.51% from the stock’s current price.

A number of other research firms have also recently weighed in on DXC. JPMorgan Chase & Co. upped their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Susquehanna lifted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada upped their price target on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology has an average rating of “Hold” and a consensus target price of $20.89.

DXC Technology Price Performance

Shares of NYSE DXC opened at $22.83 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $4.13 billion, a PE ratio of 285.41, a P/E/G ratio of 1.89 and a beta of 1.67. The stock has a fifty day moving average price of $20.77 and a 200 day moving average price of $19.43. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a return on equity of 20.51% and a net margin of 0.18%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the prior year, the business posted $0.70 EPS. Sell-side analysts forecast that DXC Technology will post 2.9 EPS for the current year.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after buying an additional 559 shares during the period. Mather Group LLC. boosted its holdings in shares of DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after purchasing an additional 581 shares during the last quarter. United Services Automobile Association increased its holdings in shares of DXC Technology by 5.0% during the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock worth $274,000 after buying an additional 679 shares during the last quarter. Covestor Ltd raised its position in shares of DXC Technology by 2.5% in the 1st quarter. Covestor Ltd now owns 33,110 shares of the company’s stock worth $702,000 after buying an additional 820 shares during the period. Finally, SummerHaven Investment Management LLC boosted its holdings in DXC Technology by 3.9% in the second quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock valued at $507,000 after acquiring an additional 995 shares during the last quarter. 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).