DXC Technology (NYSE:DXC) Given Consensus Rating of “Reduce” by Analysts

DXC Technology (NYSE:DXC) has received a consensus rating of “Reduce” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.89.

DXC has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Susquehanna raised their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On DXC Technology

A number of hedge funds have recently bought and sold shares of DXC. Pacer Advisors Inc. increased its holdings in shares of DXC Technology by 30.4% during the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock worth $367,310,000 after purchasing an additional 4,489,924 shares during the period. Marshall Wace LLP raised its holdings in DXC Technology by 1,047.3% in the 2nd quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after acquiring an additional 749,060 shares in the last quarter. American Century Companies Inc. lifted its position in shares of DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after acquiring an additional 687,522 shares during the period. Millennium Management LLC increased its position in shares of 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 period. Finally, Canada Pension Plan Investment Board raised its stake in shares of DXC Technology by 3,173.3% in the second quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company’s stock valued at $8,623,000 after purchasing an additional 437,912 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Trading Up 3.2 %

Shares of NYSE:DXC opened at $21.49 on Friday. The business’s 50 day moving average price is $21.33 and its 200-day moving average price is $20.13. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 268.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same quarter last year, the firm posted $0.70 EPS. On average, equities research analysts forecast that DXC Technology will post 3.18 earnings per share 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).