DXC Technology (NYSE:DXC) Given New $22.00 Price Target at Morgan Stanley

DXC Technology (NYSE:DXC) had its price target boosted by equities researchers at Morgan Stanley from $20.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 1.79% from the company’s current price.

Several other analysts have also issued reports on the stock. Susquehanna boosted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, DXC Technology presently has a consensus rating of “Hold” and an average price target of $21.38.

DXC Technology Price Performance

DXC Technology stock opened at $21.61 on Friday. The company has a fifty day simple moving average of $21.11 and a 200-day simple moving average of $20.63. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 270.21, a PEG 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.

DXC Technology (NYSE:DXC) last released 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 for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, equities analysts anticipate that DXC Technology will post 3.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. grew its holdings in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after buying an additional 900 shares during the period. Matrix Trust Co acquired a new position in DXC Technology during the third quarter worth approximately $43,000. Prospera Private Wealth LLC purchased a new position in DXC Technology during the third quarter worth approximately $49,000. Brown Lisle Cummings Inc. boosted its holdings in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after purchasing an additional 1,200 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after buying an additional 1,122 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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).