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

Shares of DXC Technology (NYSE:DXC) have earned an average recommendation of “Reduce” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.14.

Several equities analysts have commented on DXC shares. Royal Bank of Canada lowered their price target on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. BMO Capital Markets cut their target price on shares of DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a research report on Friday, May 17th. Stifel Nicolaus decreased their target price on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, May 17th. TD Cowen cut their price target on DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Finally, Susquehanna boosted their price objective on DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th.

DXC Technology Price Performance

DXC stock opened at $20.06 on Tuesday. The firm has a market capitalization of $3.62 billion, a PE ratio of 54.22, a P/E/G ratio of 2.26 and a beta of 1.73. DXC Technology has a one year low of $14.78 and a one year high of $28.83. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average of $17.93 and a two-hundred day moving average of $20.01.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. On average, analysts forecast that DXC Technology will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On DXC Technology

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of DXC Technology by 165.1% during the fourth quarter. SG Americas Securities LLC now owns 82,550 shares of the company’s stock worth $1,888,000 after purchasing an additional 51,409 shares during the period. Schechter Investment Advisors LLC grew its holdings in shares of DXC Technology by 16.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,876 shares of the company’s stock worth $272,000 after buying an additional 1,704 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of DXC Technology by 388.6% during the fourth quarter. State of Alaska Department of Revenue now owns 119,130 shares of the company’s stock worth $2,724,000 after buying an additional 94,748 shares in the last quarter. Oak Thistle LLC bought a new position in DXC Technology in the fourth quarter valued at approximately $701,000. Finally, Advisors Preferred LLC bought a new position in DXC Technology in the fourth quarter valued at approximately $1,503,000. Institutional investors and hedge funds 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).