DXC Technology (NYSE:DXC) Cut to "Hold" at Wall Street Zen

DXC Technology (NYSE:DXC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities research analysts also recently commented on DXC. Morgan Stanley cut their target price on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, May 15th. Susquehanna cut their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. BMO Capital Markets dropped their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Finally, Royal Bank Of Canada cut their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.00.

DXC Technology Price Performance

Shares of NYSE DXC opened at $14.30 on Friday. The firm has a market cap of $2.59 billion, a P/E ratio of 6.78, a PEG ratio of 3.98 and a beta of 1.20. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $15.47 and a 200 day moving average of $17.35.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The firm had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. As a group, research analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

Institutional Trading of DXC Technology

Several hedge funds have recently bought and sold shares of the stock. Byrne Asset Management LLC purchased a new position in shares of DXC Technology during the 1st quarter valued at about $33,000. Wealthquest Corp purchased a new position in DXC Technology during the first quarter valued at approximately $49,000. Meeder Asset Management Inc. purchased a new position in DXC Technology during the fourth quarter valued at approximately $55,000. GAMMA Investing LLC boosted its position in shares of DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after purchasing an additional 1,226 shares during the period. Finally, Quarry LP increased its stake in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after purchasing an additional 3,413 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

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).

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