DXC Technology (NYSE:DXC) Receives a “Hold” Consensus Rating from Analysts

Shares of DXC Technology (NYSE:DXC – Get Rating) received a consensus rating of “Hold” from the twelve analysts who cover the company, MarketBeat.com reports. One investment analyst has rated the stock a sell rating, four have given a hold rating and four have given the company a buy rating. The average 1-year target price among analysts who have updated their coverage on the stock in the past year is $35.42.

Various stock analysts have issued reports on DXC stock. Susquehanna downgraded DXC Technology from a “positive” rating to a “neutral” rating and lowered his price target on the stock to $31.00 from $39.00 in a research report on Friday. BMO Capital Markets lowered its price target on DXC Technology to $36.00 from $37.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4. Deutsche Bank Aktiengesellschaft cut its price target on DXC Technology shares from $53.00 to $48.00 in a report on Thursday, May 26. Morgan Stanley lowered the price target on DXC Technology stock from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, August 4. Finally, Susquehanna Bancshares downgraded shares of DXC Technology to a “neutral” rating and lowered its price target on the company to $31.00 from $39.00 in a research report on Friday.

Institutional investors weigh in on DXC technology

Several hedge funds have recently changed their holdings in the business. The Arizona State Retirement System increased its holding in DXC Technology by 0.6% during the first quarter. The Arizona State Retirement System now owns 68,184 shares of the company valued at $2,225,000 after purchasing an additional 385 shares last quarter. Kentucky Retirement Systems increased its holding in DXC Technology stock by 2.6% in the first quarter. Kentucky Retirement Systems now owns 15,583 shares of the company valued at $508,000 after purchasing an additional 402 shares last quarter. ZWJ Investment Counsel Inc. improved its position in DXC Technology by 72.8% during the first quarter. ZWJ Investment Counsel Inc. now owns 495,628 shares of the company worth $16,172,000 after purchasing an additional 208,840 shares in the last quarter. Invesco Ltd. increased its stake in DXC Technology by 23.0% during the fourth quarter. Invesco Ltd. now owns 12,054,425 shares of the company worth $388,031,000 after purchasing an additional 2,253,875 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in DXC Technology in the first quarter valued at $200,000. Currently, 87.01% of the shares belong to institutional investors and hedge funds.

See also  Utilities leaders to speak on technology resilience at Xylem Reach conference

Price performance of DXC technology

NYSE DXC shares opened at $27.04 on Friday. The firm has a debt-to-equity ratio of 0.77, a current ratio of 1.09, and a quick ratio of 1.09. The stock has a market capitalization of $6.22 billion, a P/E ratio of 12.24, a PEG ratio of 0.60 and a beta of 2.06. The company’s 50-day simple moving average is $27.71 and its 200-day simple moving average is $29.99. DXC Technology has a 12-month minimum of $23.99 and a 12-month maximum of $39.65.

DXC Technology (NYSE:DXC – Get Rating) last published its quarterly earnings results on Wednesday, August 3. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 per ($0.07). The company had revenue of $3.71 billion in the quarter, compared with analyst estimates of $3.71 billion. DXC Technology had a net margin of 3.42% and a return on equity of 16.61%. Analysts expect DXC Technology to post 3.57 EPS for the current year.

DXC Technology Company Profile

(Get rating)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytical services and a broad ecosystem of partners that help its clients obtain rapid information, automate operations and accelerate their digital transformation processes; and software engineering, consulting, and data analytics solutions that enable companies to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

See also

Analyst Recommendations for DXC Technology (NYSE:DXC)

This instant news alert was powered by MarketBeat’s financial data and narrative science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider DXC technology, you’ll want to hear this.

See also  ATTO Technology ExpressSAS H1280 GT SAS HBA Expand

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market realizes it…and DXC Technology wasn’t on the list.

While DXC Technology currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Leave a Comment