Brokerages Set DXC Technology (NYSE:DXC) Price Target at $17.00

Shares of DXC Technology (NYSE:DXC - Get Free Report) have been given an average rating of "Reduce" by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.00.

Several brokerages have recently commented on DXC. Royal Bank of Canada lowered their price objective on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 21st. Wall Street Zen downgraded DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Susquehanna reduced their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a report on Thursday, May 15th.

Institutional Investors Weigh In On DXC Technology

Several large investors have recently made changes to their positions in DXC. Vanguard Group Inc. increased its stake in DXC Technology by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock worth $472,220,000 after acquiring an additional 270,206 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in DXC Technology by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock worth $180,725,000 after acquiring an additional 163,291 shares during the last quarter. American Century Companies Inc. increased its stake in DXC Technology by 11.8% during the first quarter. American Century Companies Inc. now owns 6,503,675 shares of the company's stock worth $110,888,000 after acquiring an additional 686,705 shares during the last quarter. LSV Asset Management increased its stake in DXC Technology by 22.7% during the first quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock worth $70,781,000 after acquiring an additional 769,026 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in DXC Technology by 2.8% during the first quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company's stock worth $33,254,000 after acquiring an additional 53,598 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Price Performance

Shares of DXC Technology stock traded up $0.27 during trading hours on Friday, hitting $15.85. The company's stock had a trading volume of 1,808,266 shares, compared to its average volume of 1,508,411. The business has a 50 day moving average price of $15.37 and a two-hundred day moving average price of $18.13. DXC Technology has a 12-month low of $13.44 and a 12-month high of $24.83. The company has a market cap of $2.87 billion, a PE ratio of -37.74, a PEG ratio of 1.16 and a beta of 1.22. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. Analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

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).