Shares of DXC Technology (NYSE: DXC – Get Rating ) have received a unanimous “hold” recommendation from 11 brokerages covering the company, according to MarketBeat Ratings. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Among analysts who have updated coverage on the stock in the last year, the average 1-year price target is $35.09.
Several equity analysts recently issued reports on DXC stock. Susquehanna downgraded shares of DXC Technology from a “positive” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $31.00 in a research report on Friday, September 16th. Royal Bank of Canada upped their price target on DXC Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, November 7th. JPMorgan Chase & Co. upgraded DXC Technology from an “underweight” rating to a “neutral” rating and raised their target price on the company from $31.00 to $33.00 in a research report on Thursday, December 15th. BMO Capital Markets cut their price target on DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Finally, Susquehanna Bancshares downgraded DXC Technology to a “neutral” rating and lowered their price target for the company from $39.00 to $31.00 in a research note on Friday, September 16th.
DXC Technology Price/Performance
NYSE: DXC opened at $26.53 on Monday. DXC Technology had a fifty-two-week low of $22.65 and a fifty-two-week high of $39.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14, and a quick ratio of 1.14. The market cap is $6.1 billion, with a P/E ratio of 8.64, a P/E ratio of 0.62, and a beta of 1.93. The business has a 50-day moving average of $28.14 and a 200-day moving average of $28.11.
DXC Technology (NYSE: DXC – Get Rating ) last reported quarterly earnings data on Thursday, November 3rd. The company reported EPS of $0.75 for the quarter, beating the consensus estimate of $0.72 by $0.03. DXC Technology has a return on equity of 15.59% and a net profit margin of 4.93%. The business reported revenue of $3.57 billion for the quarter, compared with analysts’ expectations of $3.56 billion. On average, equity research analysts predict that DXC Technology will post earnings per share of 3.49 for the fiscal year.
In related news, Director Raul J. Fernandez sold 5,000 shares in a transaction that occurred on Wednesday, November 23rd. The stock sold at an average price of $29.75 for a total transaction value of $148,750.00. Following the sale, the directors now directly own 47,092 shares of the company, worth approximately $1,400,987. The transaction has been disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. In related news, Director Raul J. Fernandez sold 5,000 shares in a transaction that occurred on Wednesday, November 23rd. The stock sold at an average price of $29.75 for a total transaction value of $148,750.00. Following the sale, the directors now directly own 47,092 shares of the company, worth approximately $1,400,987. The transaction has been disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. Additionally, Director Raul J. Fernandez sold 10,000 shares in a transaction that occurred on Friday, November 11th. The stock has an average selling price of $29.39 and a total value of $293,900.00. Following the sale, the directors now own 52,092 shares of the company worth $1,530,983.88. The disclosure for this sale can be found here. Company insiders own 0.47% of the stock.
Institutional inflows and outflows
Several big investors have bought and sold shares of the company recently. Robeco Institutional Asset Management BV increased its stake in DXC Technology by 10.5 percent in the third quarter. Robeco Institutional Asset Management BV now owns 527,167 shares of the company worth $12,907,000 after purchasing an additional 50,256 shares last quarter. Toroso Investments LLC increased its stake in DXC Technology by 37.1 percent in the third quarter. Toroso Investments LLC now owns 12,833 shares of the company worth $314,000 after purchasing an additional 3,471 shares during that period. The Kentucky Teachers’ Retirement System took a $549,000 new position in DXC Technology stock during the third quarter. River & Mercantile Asset Management LLP acquired a new position in DXC Technology stock worth $1,849,000 during the third quarter. Finally, Captrust Financial Advisors increased its stake in DXC Technology by 9.9% during the third quarter. Captrust Financial Advisors now owns 29,321 shares of the company worth $718,000 after purchasing an additional 2,641 shares during that time period. Institutional investors and hedge funds own 89.19% of the company.
DXC Technology Company Profile
DXC Technology Company and its subsidiaries provide information technology services and solutions primarily in North America, Europe, Asia and Australia. It is divided into two parts: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a range of analytics services and an extensive partner ecosystem to help its clients gain rapid insights, automate operations and accelerate their digital transformation journeys; as well as software engineering, consulting and data analytics solutions that enable businesses to run and manage its mission-critical functions, transform the way it operates, and develop new ways of doing business.
This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to email@example.com.
You’ll want to hear this before you even consider DXC Technology.
MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market rallies…and DXC Technology isn’t on the list.
While DXC Technology currently has a “hold” rating among analysts, the top-rated analysts see these five stocks as better buys.
Check out five stocks here