DXC Technology (NYSE:DXC) had its target price upped by JPMorgan Chase & Co. from $19.00 to $22.00 in a research report sent to investors on Monday, The Fly reports. They currently have a neutral rating on the stock.
Other research analysts have also issued reports about the company. ValuEngine lowered DXC Technology from a sell rating to a strong sell rating in a research report on Monday, August 3rd. Wells Fargo & Co reaffirmed a sell rating on shares of DXC Technology in a research note on Friday, May 29th. BMO Capital Markets upped their price objective on shares of DXC Technology from $16.00 to $21.00 and gave the stock a market perform rating in a report on Monday, August 10th. Morgan Stanley lowered their price objective on shares of DXC Technology from $35.00 to $33.00 and set an overweight rating on the stock in a research note on Friday, May 29th. Finally, Cfra cut their target price on shares of DXC Technology from $22.00 to $18.00 and set a hold rating for the company in a research note on Friday, May 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $26.73.
NYSE DXC traded down $0.23 during trading hours on Monday, reaching $18.90. The company’s stock had a trading volume of 17,170 shares, compared to its average volume of 3,211,906. The stock has a market cap of $5.01 billion, a PE ratio of -0.85 and a beta of 2.35. DXC Technology has a 52 week low of $7.90 and a 52 week high of $38.37. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.09. The business has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $18.40.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.32 billion. DXC Technology had a positive return on equity of 14.79% and a negative net margin of 29.90%. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 EPS. As a group, equities analysts predict that DXC Technology will post 2.24 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of DXC. Cerebellum GP LLC acquired a new stake in shares of DXC Technology during the second quarter worth $130,000. Kore Private Wealth LLC grew its position in shares of DXC Technology by 95.0% in the 2nd quarter. Kore Private Wealth LLC now owns 1,841 shares of the company’s stock valued at $30,000 after acquiring an additional 897 shares during the period. Bartlett & Co. LLC acquired a new position in shares of DXC Technology during the 1st quarter worth approximately $28,000. Citizens Financial Group Inc RI increased its holdings in shares of DXC Technology by 272.1% in the second quarter. Citizens Financial Group Inc RI now owns 2,151 shares of the company’s stock valued at $35,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in DXC Technology by 74.9% in the 2nd quarter. Signaturefd LLC now owns 2,206 shares of the company’s stock valued at $36,000 after acquiring an additional 945 shares during the period. 85.64% of the stock is owned by institutional investors and hedge funds.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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