DXC Technology (NYSE:DXC) Price Target Raised to $25.00

DXC Technology (NYSE:DXC) had its price objective hoisted by BMO Capital Markets from $22.00 to $25.00 in a report issued on Monday,Benzinga reports. They currently have a market perform rating on the stock.

DXC has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Royal Bank of Canada increased their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Susquehanna lifted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.89.

DXC Technology Trading Down 3.2 %

DXC opened at $21.70 on Monday. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The firm has a 50-day moving average price of $20.81 and a two-hundred day moving average price of $19.47. The stock has a market capitalization of $3.93 billion, a PE ratio of 271.22, a PEG ratio of 1.45 and a beta of 1.67. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18.

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 the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, equities analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in shares of DXC Technology by 40.4% during the first quarter. Janney Montgomery Scott LLC now owns 16,693 shares of the company’s stock worth $354,000 after buying an additional 4,805 shares during the period. Empowered Funds LLC bought a new stake in shares of DXC Technology in the first quarter worth $232,000. Sei Investments Co. boosted its holdings in DXC Technology by 41.8% during the first quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock worth $6,937,000 after purchasing an additional 96,398 shares during the last quarter. US Bancorp DE boosted its holdings in DXC Technology by 9.7% during the first quarter. US Bancorp DE now owns 48,011 shares of the company’s stock worth $1,018,000 after purchasing an additional 4,228 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in DXC Technology in the first quarter valued at $1,250,000. 96.20% of the stock is 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).