DXC Technology (NYSE:DXC) Receives $34.50 Consensus Target Price from Brokerages

DXC Technology (NYSE:DXCGet Rating) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $34.50.

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

Insider Activity

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

Institutional Trading of DXC Technology

Large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new position in shares of DXC Technology in the second quarter valued at about $25,000. Concord Wealth Partners increased its holdings in DXC Technology by 169.1% in the 2nd 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. boosted its stake in shares of DXC Technology by 352.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company’s stock valued at $30,000 after purchasing an additional 961 shares in the last quarter. Ellevest Inc. boosted its stake in shares of DXC Technology by 264.1% in the 3rd 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 stake in shares of DXC Technology by 66.4% in the 2nd 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 and hedge funds own 89.19% of the company’s stock.

DXC Technology Trading Down 2.7 %

NYSE:DXC opened at $28.17 on Friday. The firm has a market cap of $6.48 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.92. The stock has a fifty day moving average price of $27.91 and a 200 day moving average price of $27.72. DXC Technology has a 12-month low of $22.65 and a 12-month high of $39.65. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.75.

DXC Technology (NYSE:DXCGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 15.59% and a net margin of 4.93%. Sell-side analysts anticipate that DXC Technology will post 3.49 earnings per share for the current fiscal year.

DXC Technology Company Profile

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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.

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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