DXC Technology (NYSE:DXC) Stock Rating Upgraded by Wall Street Zen

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

Several other equities research analysts have also recently weighed in on DXC. Guggenheim reiterated 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 research note on Thursday, May 15th. Royal Bank Of Canada lowered their target price on 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. Susquehanna cut their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, DXC Technology presently has a consensus rating of "Hold" and a consensus target price of $17.00.

DXC Technology Stock Down 1.0%

Shares of DXC Technology stock opened at $14.41 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology has a 12-month low of $13.44 and a 12-month high of $24.83. The firm has a market capitalization of $2.61 billion, a PE ratio of 6.83 and a beta of 1.20. The stock's fifty day moving average is $15.33 and its 200-day moving average is $17.13.

DXC Technology (NYSE:DXC - Get Free Report) last posted 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. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. The business had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the company posted $0.97 EPS. DXC Technology's revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that DXC Technology will post 3.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DXC. Byrne Asset Management LLC bought a new stake in shares of DXC Technology in the first quarter valued at about $33,000. Signaturefd LLC grew its position in shares of DXC Technology by 187.3% during the 2nd quarter. Signaturefd LLC now owns 3,054 shares of the company's stock worth $47,000 after purchasing an additional 1,991 shares in the last quarter. Wealthquest Corp bought a new position in shares of DXC Technology during the first quarter worth approximately $49,000. Meeder Asset Management Inc. acquired a new position in DXC Technology in the 4th quarter valued at $55,000. Finally, GAMMA Investing LLC lifted its position in shares of DXC Technology by 37.4% during the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after acquiring an additional 1,226 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

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).

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