DXC Technology (NYSE:DXC – Get Rating) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $41.75.
DXC has been the topic of several recent research reports. Cowen reduced their target price on shares of DXC Technology from $50.00 to $45.00 in a research note on Thursday, February 3rd. BMO Capital Markets reduced their target price on shares of DXC Technology from $40.00 to $35.00 in a research note on Tuesday, January 25th. Citigroup reduced their target price on shares of DXC Technology from $45.00 to $43.00 in a research note on Wednesday, April 20th. JPMorgan Chase & Co. reduced their price objective on shares of DXC Technology from $41.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 22nd. Finally, Bank of America lowered shares of DXC Technology from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $45.00 to $30.00 in a research note on Wednesday, March 9th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. CAPROCK Group Inc. raised its holdings in shares of DXC Technology by 5.1% in the first quarter. CAPROCK Group Inc. now owns 7,381 shares of the company’s stock valued at $241,000 after purchasing an additional 361 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of DXC Technology by 18.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,344 shares of the company’s stock valued at $75,000 after buying an additional 371 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of DXC Technology by 6.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,648 shares of the company’s stock valued at $214,000 after buying an additional 374 shares in the last quarter. Arizona State Retirement System grew its stake in shares of DXC Technology by 0.6% in the first quarter. Arizona State Retirement System now owns 68,184 shares of the company’s stock valued at $2,225,000 after buying an additional 385 shares in the last quarter. Finally, Kentucky Retirement Systems grew its stake in shares of DXC Technology by 2.6% in the first quarter. Kentucky Retirement Systems now owns 15,583 shares of the company’s stock valued at $508,000 after buying an additional 402 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.
Shares of NYSE:DXC opened at $29.67 on Friday. DXC Technology has a 12 month low of $27.28 and a 12 month high of $44.18. The company’s 50-day moving average price is $30.91 and its two-hundred day moving average price is $32.06. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The firm has a market cap of $7.25 billion, a P/E ratio of -12.21, a P/E/G ratio of 0.24 and a beta of 2.15.
DXC Technology Company Profile (Get Rating)
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
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