Brokerages Set DXC Technology Company. (NYSE:DXC) Target Price at $12.44

DXC Technology Company. (NYSE:DXCGet Free Report) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.4375.

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. BMO Capital Markets dropped their price objective on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada cut their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Morgan Stanley set a $12.00 target price on shares of DXC Technology in a report on Monday, August 3rd. Finally, Stifel Nicolaus decreased their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st.

Check Out Our Latest Analysis on DXC

Institutional Trading of DXC Technology

A number of institutional investors and hedge funds have recently bought and sold shares of DXC. EverSource Wealth Advisors LLC lifted its holdings in DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares during the period. Danske Bank A S increased its stake in shares of DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after buying an additional 1,400 shares during the period. Fifth Third Bancorp increased its stake in shares of DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after buying an additional 1,129 shares during the period. Hantz Financial Services Inc. increased its stake in shares of DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 1,147 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of DXC Technology by 13,258.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after acquiring an additional 2,254 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Down 3.6%

Shares of DXC opened at $10.79 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. DXC Technology has a 52 week low of $7.90 and a 52 week high of $15.68. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $11.17.

DXC Technology (NYSE:DXCGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, sell-side analysts anticipate that DXC Technology will post 2.61 earnings per share for the current fiscal year.

DXC Technology Company Profile

(Get Free Report)

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.

Further Reading

Analyst Recommendations for DXC Technology (NYSE:DXC)

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