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

Shares of DXC Technology Company. (NYSE:DXC) have received a consensus rating of “Reduce” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.7143.

Several research analysts recently issued reports on the company. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Wolfe Research set a $13.00 price target on DXC Technology and gave the stock an “underperform” rating in a report on Friday, January 30th. BMO Capital Markets upped their price objective on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Finally, Zacks Research lowered shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd.

Insider Transactions at DXC Technology

In related news, CEO Raul J. Fernandez purchased 16,446 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were acquired at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the purchase, the chief executive officer owned 816,001 shares of the company’s stock, valued at $12,435,855.24. This trade represents a 2.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

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

DXC Technology Price Performance

Shares of DXC opened at $11.81 on Friday. The company has a 50 day moving average of $13.68 and a two-hundred day moving average of $13.81. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. DXC Technology has a twelve month low of $11.59 and a twelve month high of $17.68. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 5.07 and a beta of 1.10.

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

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.