DXC Technology (NYSE:DXC) Given Consensus Recommendation of "Reduce" by Analysts

Shares of DXC Technology (NYSE:DXC - Get Free Report) have earned a consensus recommendation of "Reduce" from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.00.

Several analysts have weighed in on DXC shares. Wall Street Zen lowered DXC Technology from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley decreased their price target on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 15th. Susquehanna lowered their price objective 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. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. dropped their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st.

DXC Technology Stock Performance

Shares of DXC Technology stock traded down $0.30 during trading on Friday, reaching $15.56. The company's stock had a trading volume of 1,617,781 shares, compared to its average volume of 1,515,318. The company has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $18.28. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.82 billion, a PE ratio of -37.05, a P/E/G ratio of 1.16 and a beta of 1.22.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 EPS 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 positive return on equity of 20.70% and a negative net margin of 0.57%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Institutional Trading of DXC Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of DXC Technology by 1,765.9% in the 1st quarter. Millennium Management LLC now owns 1,652,331 shares of the company's stock valued at $28,172,000 after buying an additional 1,563,775 shares during the period. American Century Companies Inc. increased its stake in DXC Technology by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after buying an additional 907,004 shares during the period. Norges Bank bought a new stake in DXC Technology during the fourth quarter worth approximately $17,399,000. LSV Asset Management raised its stake in shares of DXC Technology by 22.7% in the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock worth $70,781,000 after buying an additional 769,026 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of DXC Technology in the 1st quarter worth approximately $10,830,000. 96.20% of the stock is owned by institutional investors.

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).