DXC Technology (NYSE:DXC) Given Consensus Rating of “Hold” by Brokerages

Shares of DXC Technology (NYSE:DXC – Get Rating) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $34.50.

DXC has been the topic of a number of recent analyst reports. Moffett Nathanson lowered shares of DXC Technology from a “market perform” rating to an “underperform” rating and cut their price target for the company from $32.00 to $28.00 in a report on Thursday. JPMorgan Chase & Co. raised shares of DXC Technology from an “underweight” rating to a “neutral” rating and increased their price target for the company from $31.00 to $33.00 in a report on Thursday, December 15th. Royal Bank of Canada increased their price target on shares of DXC Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, November 7th. Finally, BMO Capital Markets dropped their price objective on shares of DXC Technology from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, November 4th.

Insider Activity

In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total transaction of $148,750.00. Following the completion of the sale, the director now owns 47,092 shares of the company’s stock, valued at approximately $1,400,987. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Raul J. Fernandez sold 10,000 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $29.39, for a total value of $293,900.00. Following the completion of the sale, the director now directly owns 52,092 shares of the company’s stock, valued at approximately $1,530,983.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raul J. Fernandez sold 5,000 shares of DXC Technology stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total value of $148,750.00. Following the completion of the sale, the director now directly owns 47,092 shares of the company’s stock, valued at approximately $1,400,987. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

Institutional Trading of DXC Technology

A number of large investors have recently modified their holdings of DXC. Private Trust Co. NA bought a new stake in DXC Technology in the 2nd quarter worth approximately $25,000. Concord Wealth Partners increased its stake in shares of DXC Technology by 169.1% during the second quarter. Concord Wealth Partners now owns 993 shares of the company’s stock valued at $30,000 after buying an additional 624 shares during the period. Ronald Blue Trust Inc. increased its stake in shares of DXC Technology by 352.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company’s stock valued at $30,000 after buying an additional 961 shares during the period. Ellevest Inc. boosted its position in shares of DXC Technology by 264.1% during the third quarter. Ellevest Inc. now owns 1,398 shares of the company’s stock valued at $34,000 after purchasing an additional 1,014 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of DXC Technology by 66.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,403 shares of the company’s stock valued at $42,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 89.19% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $28.17 on Friday. DXC Technology has a 12 month low of $22.65 and a 12 month 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 firm has a market capitalization of $6.48 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.68 and a beta of 1.92. The company’s fifty day moving average price is $27.91 and its two-hundred day moving average price is $27.72.

DXC Technology (NYSE:DXC – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.56 billion. DXC Technology had a net margin of 4.93% and a return on equity of 15.59%. On average, research analysts anticipate that DXC Technology will post 3.49 earnings per share for the current fiscal year.

About DXC Technology

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DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.