DXC Technology (NYSE:DXC) Receives Consensus Recommendation of “Reduce” from Brokerages

DXC Technology (NYSE:DXC) has received an average rating of “Reduce” from the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.38.

DXC has been the topic of a number of research reports. Morgan Stanley raised their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Susquehanna raised their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors have recently added to or reduced their stakes in DXC. Creative Planning lifted its stake in shares of DXC Technology by 9.7% in the second quarter. Creative Planning now owns 29,993 shares of the company’s stock worth $573,000 after acquiring an additional 2,659 shares in the last quarter. SG Americas Securities LLC raised its position in shares of DXC Technology by 115.3% in the 3rd quarter. SG Americas Securities LLC now owns 37,092 shares of the company’s stock valued at $770,000 after purchasing an additional 19,860 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of DXC Technology by 16.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 42,500 shares of the company’s stock valued at $882,000 after buying an additional 6,100 shares during the last quarter. GAMMA Investing LLC grew its position in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares in the last quarter. Finally, CWM LLC raised its holdings in DXC Technology by 63.2% in the third quarter. CWM LLC now owns 6,341 shares of the company’s stock valued at $132,000 after acquiring an additional 2,456 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Down 1.1 %

Shares of DXC stock opened at $20.35 on Friday. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -48.44, a PEG ratio of 1.59 and a beta of 1.65. The firm has a 50-day moving average price of $20.85 and a 200 day moving average price of $20.75. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Research analysts forecast that DXC Technology will post 3.36 earnings per share for the current fiscal year.

About DXC Technology

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).