DXC Technology (NYSE:DXC – Get the Free Report) In a report released Friday, investment analysts at Stifel Nicolaus lowered their price target from $21.00 to $19.00, Benzinga reported. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 15.01% from the company's previous closing price.
Other analysts have also recently released reports on the stock. Guggenheim assumed coverage of shares of DXC Technology in a research note on Tuesday, March 19th. They gave the stock a “neutral” rating and set a price target of $22.00. Susquehanna lowered their target price on DXC Technology from $22.00 to $15.00 and set a “neutral” rating on the company in a research note on Friday. JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $27.00 to $24.00 in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of DXC Technology in a report on Friday, February 2nd. 3 analysts have rated the stock as a “sell” and 8 have rated it a “hold”. Based on data from MarketBeat, DXC Technology has a consensus rating of “Hold” and an average price target of $20.41.
Get the latest stock analysis for DXC Technology
DXC technology trading down 16.9%
Shares of DXC Technology stock opened at $16.52 on Friday. DXC Technology has a 52-week low of $15.70 and a 52-week high of $28.89. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 44.65x, a price-to-earnings ratio of 1.79x, and a beta of 1.85x. The company has a quick ratio of 1.11, a current ratio of 1.11, and a debt-to-equity ratio of 1.15. His 50 day simple moving average for this company is $20.33 and his 200 day simple moving average is $21.76.
DXC Technology (NYSE:DXC – Get a Free Report) last posted its earnings results on Thursday, May 16th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. DXC Technology had a return on equity of 17.88% and a net profit margin of 0.67%. The business had revenue of $3.39 billion in the quarter, compared to the consensus estimate of $3.37 billion. The business' earnings per share in the same period last year was $1.02. DXC Technology's revenue decreased 5.6% compared to the same period last year. Stock analysts, on average, expect DXC Technology to deliver his 3.47 EPS for the current fiscal year.
Insider Trading at DXC Technology
In other news, Vice President William L. Deckelman Jr. sold 18,102 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares of the company's stock, valued at approximately $2,712,034.38. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC's website. 0.87% of the stock is owned by company insiders.
Inflow and outflow of institutions
Several hedge funds and other institutional investors have recently modified their positions in DXC. Invesco Inc. grew its holdings in shares of DXC Technology by 9.5% in the 3rd quarter. Invesco Inc. now owns 17,080,376 shares of the company's stock valued at $355,784,000 after acquiring an additional 1,478,484 shares in the last quarter. Glenview Capital Management LLC increased its holdings in shares of DXC Technology by 33.6% during the 4th quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company's stock valued at $297,461,000 after purchasing an additional 3,272,212 shares in the last quarter. Dimensional Fund Advisors LP increased his stake in DXC Technology by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company's stock worth $193,679,000 after purchasing an additional 1,386,314 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of DXC Technology by 86.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company's stock worth $188,317,000 after purchasing an additional 3,827,176 shares during the period. Finally, FIL Ltd lifted its stake in DXC Technology by 4.2% in the 4th quarter. FIL Ltd now owns 6,598,101 shares of the company's stock valued at $150,899,000 after purchasing an additional 267,480 shares in the last quarter. Currently, 96.20% of the stock is held by institutional investors.
About DXC Technology
(Get Free Report)
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, the rest of Europe, Australia, and internationally. It operates in two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS).
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