DXC Technology (NYSE:DXC) PT Raised to $22.00

DXC Technology (NYSE:DXC) had its price target increased by JPMorgan Chase & Co. from $19.00 to $22.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley lowered their price objective on DXC Technology from $21.00 to $18.00 and set an equal weight rating on the stock in a report on Friday, May 17th. TD Cowen dropped their price objective on DXC Technology from $22.00 to $18.00 and set a hold rating on the stock in a report on Tuesday, May 21st. Susquehanna increased their price objective on DXC Technology from $15.00 to $19.00 and gave the stock a neutral rating in a research report on Wednesday, June 12th. Royal Bank of Canada boosted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a sector perform rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus cut their price target on shares of DXC Technology from $21.00 to $19.00 and set a hold rating for the company in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $20.30.

DXC Technology Price Performance

DXC Technology stock opened at $20.60 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day simple moving average of $19.63 and a 200-day simple moving average of $19.46. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The stock has a market capitalization of $3.72 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. Equities analysts predict that DXC Technology will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the sale, the executive vice president now directly owns 325,665 shares in the company, valued at $6,304,874.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently made changes to their positions in the stock. William B. Walkup & Associates Inc. acquired a new position in DXC Technology in the 2nd quarter valued at about $26,000. Creative Planning raised its position in shares of DXC Technology by 9.7% in the second quarter. Creative Planning now owns 29,993 shares of the company’s stock valued at $573,000 after buying an additional 2,659 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of DXC Technology during the second quarter valued at approximately $3,483,000. Mackenzie Financial Corp boosted its position in DXC Technology by 11.7% during the second quarter. Mackenzie Financial Corp now owns 1,099,063 shares of the company’s stock worth $20,981,000 after acquiring an additional 115,480 shares during the last quarter. Finally, Millennium Management LLC grew its stake in DXC Technology by 352.6% in the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

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).