DXC Technology (NYSE:DXC) Price Target Raised to $22.00

DXC Technology (NYSE:DXC) had its price objective increased by Morgan Stanley from $20.00 to $22.00 in a research report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued reports about the company. BMO Capital Markets boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Susquehanna upped their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average price target of $21.38.

DXC Technology Price Performance

Shares of DXC Technology stock opened at $21.79 on Friday. The company’s 50-day moving average price is $21.10 and its two-hundred day moving average price is $20.67. The stock has a market cap of $3.94 billion, a PE ratio of 272.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.66. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the business posted $0.70 EPS. As a group, sell-side analysts anticipate that DXC Technology will post 3.18 EPS for the current fiscal year.

Institutional Trading of DXC Technology

Large investors have recently made changes to their positions in the business. Millennium Management LLC grew its holdings 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 worth $11,935,000 after purchasing an additional 487,072 shares during the last quarter. Barclays PLC lifted its stake in shares of DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock valued at $1,781,000 after acquiring an additional 62,857 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of DXC Technology during the third quarter valued at $1,438,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of DXC Technology during the third quarter valued at $1,904,000. Finally, Royce & Associates LP lifted its stake in shares of DXC Technology by 124.7% during the third quarter. Royce & Associates LP now owns 91,971 shares of the company’s stock valued at $1,908,000 after acquiring an additional 51,041 shares during the period. Institutional investors 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).