JPMorgan Chase & Co. Has Lowered Expectations for DXC Technology (NYSE:DXC) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its target price for DXC Technology from $18.00 to $14.00, assigning the stock an "underweight" rating.
• Other analysts, including BMO Capital Markets and Royal Bank of Canada, have also decreased their target prices, leading to an average target price of $15.60 for DXC Technology.
• DXC Technology reported earnings of $0.68 per share, exceeding expectations, but its revenue declined by 2.4% compared to the previous year.

DXC Technology (NYSE:DXC - Get Free Report) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $18.00 to $14.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 0.94% from the stock's current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets decreased their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Royal Bank Of Canada cut their target price on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Morgan Stanley dropped their price objective on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, Guggenheim restated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $15.60.

DXC Technology Price Performance

Shares of NYSE DXC traded down $0.10 during midday trading on Wednesday, reaching $13.87. 281,875 shares of the company traded hands, compared to its average volume of 1,750,802. The firm has a market cap of $2.48 billion, a PE ratio of 6.72 and a beta of 1.18. The stock's 50-day simple moving average is $14.58 and its 200-day simple moving average is $16.08. DXC Technology has a 12 month low of $12.24 and a 12 month high of $24.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.06 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. As a group, equities analysts anticipate that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DXC Technology

Hedge funds have recently made changes to their positions in the stock. Vident Advisory LLC grew its stake in DXC Technology by 2.5% in the fourth quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock valued at $505,000 after acquiring an additional 624 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of DXC Technology by 1.1% during the second quarter. Maryland State Retirement & Pension System now owns 61,629 shares of the company's stock valued at $942,000 after buying an additional 691 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of DXC Technology by 1.1% during the second quarter. Yousif Capital Management LLC now owns 78,367 shares of the company's stock valued at $1,198,000 after buying an additional 833 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in DXC Technology by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 42,730 shares of the company's stock worth $653,000 after purchasing an additional 986 shares during the last quarter. Finally, IMA Advisory Services Inc. boosted its position in DXC Technology by 1.4% in the second quarter. IMA Advisory Services Inc. now owns 71,954 shares of the company's stock worth $1,100,000 after purchasing an additional 1,009 shares during the last quarter. 96.20% of the stock is currently 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).

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