DXC Technology (NYSE:DXC) Price Target Raised to $13.00

DXC Technology (NYSE:DXC) had its price target increased by equities researchers at JPMorgan Chase & Co. from $12.00 to $13.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 13.23% from the stock’s current price.

A number of other equities research analysts have also issued reports on DXC. Stifel Nicolaus dropped their target price on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday, July 31st. Weiss Ratings upgraded DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 6th. Royal Bank Of Canada dropped their price target on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Susquehanna raised their target price on shares of DXC Technology from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Morgan Stanley set a $12.00 target price on shares of DXC Technology in a research report on Monday, August 3rd. Seven analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of “Reduce” and a consensus price target of $12.06.

DXC Technology Price Performance

NYSE:DXC traded down $0.25 during trading hours on Friday, reaching $14.98. 9,279,216 shares of the company traded hands, compared to its average volume of 3,858,323. DXC Technology has a 1-year low of $7.90 and a 1-year high of $16.38. The stock has a market cap of $2.39 billion, a P/E ratio of 21.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The firm’s 50-day moving average is $12.20 and its 200-day moving average is $11.59.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.12. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts expect that DXC Technology will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in shares of DXC Technology during the 2nd quarter worth approximately $11,706,000. Nierenberg Investment Management Company LLC bought a new position in shares of DXC Technology in the 2nd quarter worth $907,214. State Street Corp grew its stake in DXC Technology by 25.0% in the 2nd quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after purchasing an additional 1,536,243 shares during the period. Hara Capital LLC bought a new stake in shares of DXC Technology in the second quarter valued at approximately $2,318,000. Finally, Legal & General Group Plc bought a new position in shares of DXC Technology in the second quarter worth approximately $4,054,000. 96.20% of the stock is currently owned by institutional investors.

Key Stories Impacting DXC Technology

Here are the key news stories impacting DXC Technology this week:

• Positive Sentiment: Quarterly results exceeded expectations: DXC reported fiscal Q2 FY2027 non-GAAP EPS of $0.67, above the $0.55 consensus estimate, while revenue of $3.03 billion topped expectations of $2.98 billion. DXC Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Cash flow improved: First-half fiscal 2027 free cash flow rose to $405 million from $337 million a year earlier, and DXC repurchased $60 million of stock during the quarter. DXC Technology Reports Second Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Susquehanna raised its price target on DXC from $10 to $12 but maintained a “neutral” rating. The new target still implies roughly 20% downside from the referenced share price, signaling limited analyst confidence despite the higher valuation estimate. Susquehanna Raises DXC Price Target
• Negative Sentiment: Underlying operating trends remained weak: Revenue declined about 4% year over year to $3.03 billion, adjusted EBIT margin was 6.2%, and non-GAAP EPS fell 20.2% from the prior-year quarter. GAAP diluted EPS was $0.15. DXC Fiscal 2027 Second-Quarter Results
• Negative Sentiment: Management projected a 5% to 5.5% organic revenue decline for FY2027 while evaluating strategic actions, including insurance options. That outlook overshadowed the earnings and revenue beats and is the primary catalyst pressuring the stock. DXC Projects FY2027 Organic Revenue Decline

About DXC Technology

DXC Technology (NYSE: DXC) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.