DXC Technology (NYSE:DXC – Free Report) had its price target boosted by Morgan Stanley from $20.00 to $22.00 in a research note released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
Other equities analysts have also recently issued reports about the company. Susquehanna lifted their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets lifted their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.38.
View Our Latest Research Report on DXC Technology
DXC Technology Stock Up 1.1 %
DXC Technology (NYSE:DXC – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the previous year, the company posted $0.70 EPS. On average, sell-side analysts expect that DXC Technology will post 3.18 EPS for the current fiscal year.
Institutional Investors Weigh In On DXC Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Highland Capital Management LLC grew its position in DXC Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after acquiring an additional 731 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after acquiring an additional 900 shares during the last quarter. CIBC Asset Management Inc grew its position in DXC Technology by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock worth $359,000 after acquiring an additional 950 shares during the last quarter. GAMMA Investing LLC grew its position in shares of DXC Technology by 48.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after buying an additional 1,122 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.
DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).
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