DXC Technology (NYSE:DXC) Price Target Raised to $25.00 at BMO Capital Markets

DXC Technology (NYSE:DXC) had its price target boosted by BMO Capital Markets from $22.00 to $25.00 in a report published on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Several other research analysts also recently weighed in on the stock. Susquehanna lifted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, DXC Technology presently has an average rating of “Hold” and a consensus target price of $20.89.

DXC Technology Price Performance

NYSE DXC opened at $22.60 on Monday. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The firm has a market capitalization of $4.09 billion, a PE ratio of 284.66, a P/E/G ratio of 1.89 and a beta of 1.67. The company’s 50 day simple moving average is $20.72 and its 200 day simple moving average is $19.41. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. The company 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 20.51%. During the same period in the prior year, the company earned $0.70 EPS. As a group, equities research analysts forecast that DXC Technology will post 2.9 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now directly owns 83,746 shares in the company, valued at $1,789,652.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

Several institutional investors and hedge funds have recently modified their holdings of DXC. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of DXC Technology by 16.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock worth $2,804,000 after buying an additional 19,240 shares during the last quarter. Sei Investments Co. boosted its position in DXC Technology by 41.8% during the first quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock worth $6,937,000 after purchasing an additional 96,398 shares during the period. Millennium Management LLC grew its holdings in DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after purchasing an additional 487,072 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of DXC Technology by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 266,718 shares of the company’s stock valued at $5,657,000 after purchasing an additional 9,391 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of DXC Technology in the first quarter worth $882,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

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).