Brokerages Set DXC Technology (NYSE:DXC) Target Price at $21.38

Shares of DXC Technology (NYSE:DXC) have been assigned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.38.

DXC has been the topic of several analyst reports. Morgan Stanley raised their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. BMO Capital Markets raised their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th.

DXC Technology Stock Performance

Shares of DXC stock opened at $18.61 on Wednesday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -44.31, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $20.22 and a 200-day simple moving average of $20.73. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, equities analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds have recently bought and sold shares of DXC. Newbridge Financial Services Group Inc. boosted its stake in DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after acquiring an additional 900 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of DXC Technology during the third quarter valued at approximately $49,000. Meeder Asset Management Inc. bought a new stake in shares of DXC Technology during the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC raised its holdings in DXC Technology by 366.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its holdings in DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after purchasing an additional 1,200 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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).