DXC Technology (NYSE:DXC – Free Report) had its price objective decreased by TD Cowen from $22.00 to $18.00 in a research report sent to investors on Tuesday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.
DXC has been the subject of several other reports. Guggenheim started coverage on shares of DXC Technology in a report on Tuesday, March 19th. They set a neutral rating and a $22.00 price objective for the company. Royal Bank of Canada decreased their price objective on shares of DXC Technology from $24.00 to $18.00 and set a sector perform rating for the company in a report on Friday, May 17th. Stifel Nicolaus reduced their price target on shares of DXC Technology from $21.00 to $19.00 and set a hold rating on the stock in a research report on Friday, May 17th. Morgan Stanley reduced their price target on shares of DXC Technology from $21.00 to $18.00 and set an equal weight rating on the stock in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. downgraded shares of DXC Technology from a neutral rating to an underweight rating and reduced their price target for the stock from $27.00 to $24.00 in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, DXC Technology presently has a consensus rating of Hold and a consensus price target of $19.77.
Read Our Latest Stock Analysis on DXC Technology
DXC Technology Stock Performance
Shares of DXC stock opened at $15.92 on Tuesday. The company’s fifty day simple moving average is $20.13 and its 200-day simple moving average is $21.69. DXC Technology has a 52 week low of $15.44 and a 52 week high of $28.89. The company has a current ratio of 1.17, a quick ratio of 1.11 and a debt-to-equity ratio of 1.25. The company has a market cap of $2.91 billion, a PE ratio of 43.01, a P/E/G ratio of 1.47 and a beta of 1.85.
DXC Technology (NYSE:DXC – Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $3.39 billion during 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 for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. As a group, equities research analysts anticipate that DXC Technology will post 3.5 EPS for the current year.
Insider Activity at DXC Technology
In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the sale, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.
Institutional Trading of DXC Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of DXC Technology by 1.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 28,500 shares of the company’s stock worth $652,000 after buying an additional 500 shares in the last quarter. Covestor Ltd increased its position in shares of DXC Technology by 2.9% in the third quarter. Covestor Ltd now owns 27,804 shares of the company’s stock worth $579,000 after acquiring an additional 785 shares in the last quarter. New Mexico Educational Retirement Board increased its position in shares of DXC Technology by 7.2% in the third quarter. New Mexico Educational Retirement Board now owns 11,846 shares of the company’s stock worth $247,000 after acquiring an additional 800 shares in the last quarter. Equitable Trust Co. increased its position in shares of DXC Technology by 6.9% in the fourth quarter. Equitable Trust Co. now owns 16,288 shares of the company’s stock worth $373,000 after acquiring an additional 1,045 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of DXC Technology by 2.2% in the third quarter. OMERS ADMINISTRATION Corp now owns 51,800 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,100 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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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