Brokerages Set DXC Technology (NYSE:DXC) PT at $20.89

DXC Technology (NYSE:DXC) has been assigned a consensus recommendation of “Reduce” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.88.

DXC has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Susquehanna upped their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

DXC Technology Stock Down 0.6 %

DXC stock opened at $20.51 on Tuesday. The firm has a 50-day moving average price of $21.16 and a 200-day moving average price of $20.49. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $3.71 billion, a P/E ratio of 256.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.66.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the prior year, the firm earned $0.70 EPS. As a group, equities research analysts anticipate that DXC Technology will post 3.18 EPS for the current fiscal year.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds have recently made changes to their positions in DXC. William B. Walkup & Associates Inc. acquired a new stake in DXC Technology during the 2nd quarter valued at approximately $26,000. Matrix Trust Co bought a new stake in shares of DXC Technology in the 3rd quarter valued at $43,000. Prospera Private Wealth LLC acquired a new stake in shares of DXC Technology during the third quarter worth $49,000. GAMMA Investing LLC raised its stake in DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in DXC Technology in the third quarter valued at $79,000. 96.20% of the stock is currently owned by 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).