DXC Technology (NYSE:DXC) Given Average Rating of “Reduce” by Brokerages

DXC Technology (NYSE:DXC) has received a consensus rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.88.

Several research firms recently issued reports on DXC. BMO Capital Markets boosted their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Susquehanna boosted their target price 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.

Institutional Trading of DXC Technology

Several large investors have recently modified their holdings of DXC. GAMMA Investing LLC lifted its position in 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 purchasing an additional 1,122 shares during the period. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology in the 2nd quarter valued at approximately $26,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of DXC Technology by 4.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 32,800 shares of the company’s stock worth $626,000 after acquiring an additional 1,500 shares during the period. Franklin Resources Inc. boosted its position in shares of DXC Technology by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after acquiring an additional 1,502 shares in the last quarter. Finally, Matrix Trust Co bought a new position in DXC Technology in the third quarter valued at approximately $43,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Price Performance

NYSE:DXC opened at $20.51 on Tuesday. The company has a market cap of $3.71 billion, a P/E ratio of 256.34, a P/E/G ratio of 1.26 and a beta of 1.66. The firm’s fifty day moving average price is $21.16 and its two-hundred day moving average price is $20.49. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the prior year, the firm earned $0.70 EPS. Equities analysts expect 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).