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

Wall Street Zen upgraded shares of DXC Technology (NYSE:DXC - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other equities research analysts have also recently weighed in on the stock. Susquehanna reduced their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley reduced their price objective on 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. BMO Capital Markets lowered their price objective 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. JPMorgan Chase & Co. reduced their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, May 21st. Finally, Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.00.

DXC Technology Stock Performance

Shares of NYSE DXC traded up $0.53 during trading hours on Friday, hitting $15.16. 2,150,695 shares of the stock were exchanged, compared to its average volume of 1,489,183. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The company's 50 day moving average is $15.36 and its 200 day moving average is $17.87. The firm has a market capitalization of $2.75 billion, a P/E ratio of 7.19, a P/E/G ratio of 3.75 and a beta of 1.22.

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. On average, research analysts expect that DXC Technology will post 3.35 EPS for the current year.

Institutional Trading of DXC Technology

A number of large investors have recently bought and sold shares of DXC. Voya Investment Management LLC increased its position in shares of DXC Technology by 42.6% during the 1st quarter. Voya Investment Management LLC now owns 330,784 shares of the company's stock worth $5,640,000 after purchasing an additional 98,826 shares in the last quarter. Strs Ohio bought a new position in shares of DXC Technology in the first quarter valued at approximately $1,287,000. Bayforest Capital Ltd bought a new position in shares of DXC Technology in the first quarter valued at approximately $303,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of DXC Technology by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company's stock worth $12,542,000 after acquiring an additional 34,544 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in DXC Technology during the 1st quarter worth approximately $354,000. 96.20% of the stock is currently owned by institutional investors.

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).