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

DXC Technology (NYSE:DXC – Get Rating) has been given an average recommendation of “Hold” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $31.75.

A number of analysts have recently commented on DXC shares. BMO Capital Markets dropped their price objective on DXC Technology from $33.00 to $27.00 in a report on Friday, May 19th. Royal Bank of Canada dropped their price objective on DXC Technology from $38.00 to $34.00 in a report on Friday, May 19th. Morgan Stanley dropped their price objective on DXC Technology from $27.00 to $25.00 in a report on Friday, May 19th. Stifel Nicolaus decreased their price target on shares of DXC Technology from $30.00 to $25.00 in a research report on Friday, May 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of DXC Technology from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 2nd.

DXC Technology Trading Down 1.7 %

Shares of DXC opened at $24.18 on Thursday. The stock has a fifty day moving average of $24.04 and a two-hundred day moving average of $26.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.13 and a current ratio of 1.18. The company has a market capitalization of $5.11 billion, a PE ratio of -9.37, a price-to-earnings-growth ratio of 0.83 and a beta of 1.94. DXC Technology has a fifty-two week low of $22.11 and a fifty-two week high of $36.00.

DXC Technology (NYSE:DXC – Get Rating) last released its quarterly earnings data on Thursday, May 18th. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.62 billion. DXC Technology had a positive return on equity of 17.23% and a negative net margin of 3.94%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. As a group, analysts forecast that DXC Technology will post 3.83 EPS for the current year.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in DXC Technology by 7.1% in the 1st quarter. Franklin Resources Inc. now owns 18,540,675 shares of the company’s stock valued at $473,900,000 after buying an additional 1,223,426 shares during the last quarter. Glenview Capital Management LLC boosted its position in DXC Technology by 0.6% in the 4th quarter. Glenview Capital Management LLC now owns 9,704,553 shares of the company’s stock valued at $257,171,000 after buying an additional 57,096 shares during the last quarter. Victory Capital Management Inc. boosted its position in DXC Technology by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 9,333,459 shares of the company’s stock valued at $238,563,000 after buying an additional 35,672 shares during the last quarter. State Street Corp boosted its position in DXC Technology by 3.0% in the 1st quarter. State Street Corp now owns 7,927,445 shares of the company’s stock valued at $202,625,000 after buying an additional 232,024 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of DXC Technology by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,151,651 shares of the company’s stock valued at $157,231,000 after purchasing an additional 402,534 shares in the last quarter. 89.19% of the stock is owned by hedge funds and other institutional investors.

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.