DXC Technology Company. (NYSE:DXC) Stock Has Consensus Price Target of $12.21

Key Points

• Analysts remain cautious on DXC Technology: Nine firms give the stock an average “Reduce” rating, including two sells and seven holds, with a consensus 12-month price target of $12.21.
• Recent financial results were mixed: DXC reported quarterly EPS of $0.40, slightly below expectations, while revenue of $3 billion topped estimates but declined 5% year over year.
• Shares were trading well above the consensus target: DXC opened at $16.09, near its 12-month high of $16.17, while institutional investors and hedge funds held 96.2% of the stock.

DXC Technology Company. (NYSE:DXC - Get Free Report) has earned an average rating of "Reduce" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.21.

Several research firms have recently commented on DXC. TD Cowen lifted their price target on shares of DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a report on Monday, August 3rd. Stifel Nicolaus lowered their price objective on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada dropped their price objective on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, July 31st. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research note on Monday, August 3rd. Finally, Weiss Ratings raised shares of DXC Technology from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, October 6th.

DXC Technology Stock Performance

Shares of DXC opened at $16.09 on Monday. The stock has a market capitalization of $2.57 billion, a PE ratio of 22.98 and a beta of 0.79. The business's fifty day moving average price is $11.80 and its 200 day moving average price is $10.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. DXC Technology has a 12-month low of $7.90 and a 12-month high of $16.17.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities research analysts forecast that DXC Technology will post 2.59 EPS for the current year.

Institutional Trading of DXC Technology

A number of institutional investors and hedge funds have recently made changes to their positions in DXC. Bessemer Group Inc. lifted its holdings in shares of DXC Technology by 61.1% in the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company's stock worth $47,000 after purchasing an additional 1,395 shares during the last quarter. Farther Finance Advisors LLC grew its stake in DXC Technology by 289.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,396 shares of the company's stock worth $48,000 after buying an additional 3,266 shares during the last quarter. Covestor Ltd grew its stake in DXC Technology by 31.2% during the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company's stock worth $58,000 after buying an additional 1,570 shares during the last quarter. Versant Capital Management Inc increased its position in DXC Technology by 47.4% in the second quarter. Versant Capital Management Inc now owns 7,474 shares of the company's stock worth $66,000 after buying an additional 2,404 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in DXC Technology in the second quarter worth $94,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

About DXC Technology

DXC Technology NYSE: DXC is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.

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