DXC Technology (NYSE:DXC) Receives $17.83 Consensus PT from Analysts

DXC Technology (NYSE:DXC - Get Free Report) has been given an average recommendation of "Reduce" by the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.83.

A number of equities research analysts recently commented on the company. Susquehanna decreased their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Morgan Stanley lowered 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. Finally, BMO Capital Markets lowered 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.

DXC Technology Price Performance

Shares of NYSE:DXC remained flat at $15.29 during midday trading on Monday. The stock had a trading volume of 1,986,549 shares, compared to its average volume of 1,686,752. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The company has a market capitalization of $2.77 billion, a P/E ratio of -36.40, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock's fifty day simple moving average is $15.84 and its two-hundred day simple moving average is $18.99.

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, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. DXC Technology's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DXC. Newbridge Financial Services Group Inc. lifted its position in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after buying an additional 900 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of DXC Technology in the first quarter valued at about $33,000. Wealthquest Corp bought a new position in shares of DXC Technology in the first quarter valued at about $49,000. Meeder Asset Management Inc. bought a new position in shares of DXC Technology in the fourth quarter valued at about $55,000. Finally, Smartleaf Asset Management LLC raised its position in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after purchasing an additional 2,356 shares during the period. 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).