DXC Technology (NYSE:DXC) Given Average Recommendation of “Reduce” by Brokerages

DXC Technology (NYSE:DXC) has earned a consensus recommendation of “Reduce” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.30.

Several research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Royal Bank of Canada boosted their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Finally, Susquehanna boosted their price objective on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th.

Insider Transactions at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s 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 transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgefront Capital LLC acquired a new stake in shares of DXC Technology in the 4th quarter valued at approximately $337,000. Glenview Capital Management LLC lifted its holdings in DXC Technology by 33.6% during the 4th quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock valued at $297,461,000 after purchasing an additional 3,272,212 shares during the last quarter. FIL Ltd lifted its holdings in DXC Technology by 4.2% during the 4th quarter. FIL Ltd now owns 6,598,101 shares of the company’s stock valued at $150,899,000 after purchasing an additional 267,480 shares during the last quarter. Quarry LP acquired a new stake in DXC Technology during the 4th quarter valued at $51,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of DXC Technology by 4,862.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,031,649 shares of the company’s stock worth $23,593,000 after buying an additional 1,010,860 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC opened at $20.84 on Friday. The firm’s 50 day moving average is $20.24 and its 200-day moving average is $19.45. The stock has a market capitalization of $3.76 billion, a P/E ratio of 56.32, a P/E/G ratio of 1.83 and a beta of 1.67. 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 has a 12-month low of $14.78 and a 12-month high of $25.14.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. Equities research analysts anticipate that DXC Technology will post 2.89 EPS for the current fiscal year.

About DXC Technology

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).