Analysts Set DXC Technology (NYSE:DXC) PT at $20.89

Shares of DXC Technology (NYSE:DXC) have earned an average recommendation of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.89.

A number of equities analysts have recently weighed in on the company. Susquehanna upped their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets lifted their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On DXC Technology

Several institutional investors have recently bought and sold shares of DXC. Pacer Advisors Inc. raised its holdings in DXC Technology by 30.4% during the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after buying an additional 4,489,924 shares during the period. Marshall Wace LLP increased its position in DXC Technology by 1,047.3% during the second quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after acquiring an additional 749,060 shares during the last quarter. American Century Companies Inc. raised its stake in shares of DXC Technology by 20.8% in the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after acquiring an additional 687,522 shares during the period. Millennium Management LLC raised its stake in shares of DXC Technology by 352.6% in the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after acquiring an additional 487,072 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of DXC Technology by 3,173.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company’s stock worth $8,623,000 after acquiring an additional 437,912 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

NYSE DXC opened at $20.50 on Friday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 256.28, a PEG ratio of 1.40 and a beta of 1.65. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83. The company’s 50 day moving average is $21.36 and its two-hundred day moving average is $20.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the company earned $0.70 EPS. As a group, research analysts anticipate that DXC Technology will post 3.18 earnings per share for the current 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).