DXC Technology (NYSE:DXC) Receives Average Rating of “Reduce” from Analysts

Shares of DXC Technology (NYSE:DXC) have earned a consensus recommendation of “Reduce” from the eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.38.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of DXC Technology by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock valued at $116,223,000 after purchasing an additional 907,004 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after buying an additional 899,510 shares in the last quarter. Norges Bank acquired a new stake in shares of DXC Technology in the 4th quarter worth approximately $17,399,000. Assenagon Asset Management S.A. boosted its holdings in shares of DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after acquiring an additional 656,167 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of DXC Technology by 43.8% during the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company’s stock valued at $38,834,000 after acquiring an additional 591,841 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Down 1.1 %

NYSE:DXC opened at $20.35 on Friday. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The company has a market cap of $3.68 billion, a PE ratio of -48.44, a P/E/G ratio of 1.59 and a beta of 1.65. The business’s 50 day moving average is $20.85 and its two-hundred day moving average is $20.75.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. On average, analysts predict that DXC Technology will post 3.36 EPS for the current year.

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).