Brokerages Set DXC Technology Company. (NYSE:DXC) Target Price at $14.71

Shares of DXC Technology Company. (NYSE:DXC) have been assigned an average rating of “Reduce” from the ten analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.7143.

DXC has been the subject of a number of research analyst reports. Zacks Research raised shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Susquehanna set a $14.00 price objective on DXC Technology and gave the stock a “neutral” rating in a report on Friday, October 31st. Wolfe Research set a $13.00 target price on DXC Technology and gave the stock an “underperform” rating in a research report on Friday, January 30th. Stifel Nicolaus lowered their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Finally, BMO Capital Markets lifted their price target on DXC Technology from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd.

DXC Technology Trading Up 0.6%

Shares of DXC stock opened at $11.93 on Wednesday. The business’s fifty day moving average price is $14.46 and its 200 day moving average price is $13.97. The firm has a market capitalization of $2.02 billion, a PE ratio of 5.12 and a beta of 1.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.35. DXC Technology has a 1-year low of $11.82 and a 1-year high of $19.26.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, January 29th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. As a group, sell-side analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Insider Transactions at DXC Technology

In other DXC Technology news, CEO Raul J. Fernandez acquired 16,446 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $15.24 per share, with a total value of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares in the company, valued at approximately $12,435,855.24. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the completion of the sale, the senior vice president directly owned 88,605 shares in the company, valued at approximately $1,342,365.75. The trade was a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S lifted its holdings in DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of DXC Technology by 116.0% during the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after purchasing an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of DXC Technology by 110.5% during the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after buying an additional 2,254 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.