DXC Technology (NYSE:DXC) Raised to "Buy" at Wall Street Zen

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

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

DXC Technology Price Performance

NYSE DXC opened at $14.25 on Friday. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $2.58 billion, a PE ratio of 6.75, a P/E/G ratio of 3.89 and a beta of 1.22. The stock has a 50-day simple moving average of $15.36 and a 200 day simple moving average of $17.98.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. Research analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Institutional Investors Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in DXC Technology by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock valued at $472,220,000 after purchasing an additional 270,206 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in DXC Technology by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock valued at $180,725,000 after purchasing an additional 163,291 shares in the last quarter. American Century Companies Inc. increased its holdings in DXC Technology by 11.8% during the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company's stock valued at $110,888,000 after purchasing an additional 686,705 shares in the last quarter. LSV Asset Management increased its holdings in DXC Technology by 22.7% during the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after purchasing an additional 769,026 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in DXC Technology by 2.8% during the 1st quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company's stock valued at $33,254,000 after purchasing an additional 53,598 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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).

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