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

DXC Technology (NYSE:DXC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

A number of other research firms also recently commented on DXC. Morgan Stanley reduced 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. Royal Bank Of Canada dropped their price objective on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company 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. Susquehanna cut 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. Finally, JPMorgan Chase & Co. cut their target price on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.00.

DXC Technology Stock Up 1.5%

DXC Technology stock traded up $0.22 during mid-day trading on Friday, hitting $14.85. The company had a trading volume of 1,398,631 shares, compared to its average volume of 1,501,940. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 7.04 and a beta of 1.20. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $15.23 and a 200 day moving average of $17.06.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. On average, sell-side analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

Several large investors have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC acquired a new position in shares of DXC Technology during the first quarter valued at $33,000. Signaturefd LLC boosted its stake in DXC Technology by 187.3% during the second quarter. Signaturefd LLC now owns 3,054 shares of the company's stock valued at $47,000 after buying an additional 1,991 shares in the last quarter. Wealthquest Corp acquired a new position in shares of DXC Technology in the 1st quarter valued at $49,000. Meeder Asset Management Inc. acquired a new position in shares of DXC Technology in the 4th quarter valued at $55,000. Finally, GAMMA Investing LLC lifted its stake in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after acquiring an additional 1,226 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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).