Posted by Defense World Staff on Jun 3rd, 2024 
DXC Technology (NYSE:DXC – Get Free Report) has earned a consensus recommendation of “Reduce” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $19.77.
Several equities analysts recently weighed in on DXC shares. BMO Capital Markets cut their price target on DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a research note on Friday, May 17th. Guggenheim assumed coverage on DXC Technology in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price objective for the company. Royal Bank of Canada decreased their target price on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Friday, May 17th. Susquehanna cut their price target on shares of DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, May 17th. Finally, TD Cowen decreased their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, May 21st.
Read Our Latest Analysis on DXC Technology
Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its holdings in DXC Technology by 86.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock valued at $188,317,000 after acquiring an additional 3,827,176 shares during the last quarter. Glenview Capital Management LLC lifted its stake in shares of DXC Technology by 33.6% in the 4th quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock valued at $297,461,000 after purchasing an additional 3,272,212 shares during the last quarter. Invesco Ltd. grew its holdings in shares of DXC Technology by 9.5% during the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock worth $355,784,000 after purchasing an additional 1,478,484 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DXC Technology by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company’s stock worth $193,679,000 after purchasing an additional 1,386,314 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in DXC Technology by 3,407.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,411,199 shares of the company’s stock valued at $29,395,000 after buying an additional 1,370,962 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.
DXC Technology stock opened at $15.55 on Monday. DXC Technology has a 52 week low of $14.78 and a 52 week high of $28.89. The stock has a 50-day moving average price of $19.30 and a 200 day moving average price of $21.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 1.78 and a beta of 1.85.
DXC Technology (NYSE:DXC – Get Free Report) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. Sell-side analysts anticipate that DXC Technology will post 2.73 EPS for the current year.
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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).
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