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

Shares of DXC Technology (NYSE:DXC) have been assigned an average recommendation of “Reduce” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.89.

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

DXC Technology Stock Performance

Shares of DXC opened at $19.73 on Tuesday. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The stock has a 50-day simple moving average of $21.27 and a 200-day simple moving average of $20.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $3.57 billion, a PE ratio of 246.66, a PEG ratio of 1.40 and a beta of 1.66.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period last year, the firm earned $0.70 EPS. On average, analysts predict that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in 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 buying an additional 4,489,924 shares in the last quarter. Marshall Wace LLP grew its position in shares of DXC Technology by 1,047.3% during the 2nd quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock worth $15,665,000 after buying an additional 749,060 shares during the period. Millennium Management LLC increased its stake in DXC Technology by 352.6% in 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 in the last quarter. Canada Pension Plan Investment Board raised its stake in DXC Technology by 3,173.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company’s stock worth $8,623,000 after buying an additional 437,912 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of DXC Technology by 11.3% in the second quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after buying an additional 215,692 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

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).