DXC Technology (NYSE: DXC – Get Rating) was given a consensus rating of “Hold” by the twelve analysts that currently comprise the company, Marketbeat Ratings reports. Two equities research analysts rated the stock with a sell rating, two gave a hold rating and five issued a buy rating to the company. The average 1 -year price target of brokers covering the stock last year is $ 41.75.
DXC has been the subject of many recent research reports. Cowen lowered their target price on DXC Technology shares from $ 50.00 to $ 45.00 in a research note on Thursday, Feb. 3. BMO Capital Markets lowered their target price on DXC Technology shares from $ 40.00. to $ 35.00 in a research note on Tuesday, January 25. Citigroup reduced their target price on shares of DXC Technology from $ 45.00 to $ 43.00 in a research note on Wednesday, April 20. JPMorgan Chase & Co. their price target in DXC Technology shares from $ 41.00 to $ 39.00 and placed an “underweight” rating on the stock in a research note on Tuesday, March 22nd. Finally, Bank of America downgraded shares of DXC Technology from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $ 45.00 to $ 30.00 in a research note on Wednesday, March 9th.
Many hedge funds and other institutional investors have recently bought and sold shares in the company. Promoted by CAPROCK Group Inc. their holdings in shares of DXC Technology were up 5.1% in the first quarter. CAPROCK Group Inc. now owns 7,381 shares of the company’s stock worth $ 241,000 after buying an additional 361 shares last quarter. Daiwa Securities Group Inc. grew its stake in shares of DXC Technology by 18.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,344 shares of the company’s stock worth $ 75,000 after buying an additional 371 shares last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of DXC Technology by 6.0% in the fourth quarter. The Kentucky Retirement Systems Insurance Trust Fund now owns 6,648 shares of the company’s stock worth $ 214,000 after buying an additional 374 shares in the last quarter. Arizona State Retirement System grew its stake in shares of DXC Technology by 0.6% in the first quarter. Arizona State Retirement System now owns 68,184 shares of the company’s stock worth $ 2,225,000 after buying an additional 385 shares in the last quarter. Finally, Kentucky Retirement Systems grew its stake in shares of DXC Technology by 2.6% in the first quarter. Kentucky Retirement Systems now owns 15,583 shares of the company’s stock worth $ 508,000 after buying an additional 402 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.
NYSE shares: DXC opened at $ 29.67 on Friday. DXC Technology has a 12 -month low of $ 27.28 and a 12 -month high of $ 44.18. The company’s 50-day average moving price is $ 30.91 and the two-hundred-day average moving price is $ 32.06. The firm has an immediate ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The company has a market cap of $ 7.25 billion, P/E ratio of -12.21, P/E/G ratio of 0.24 and beta of 2.15.
Company Profile of DXC Technology (Get a Rating)
DXC Technology Company, along with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two parts, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and an extensive partner ecosystem that helps its customers gain fast insights, automate operations, and facilitate their digital transformation journeys. o; and software engineering and solutions that enable businesses to operate and manage their mission-critical functions, streamline their operations, and develop new ways of doing business.
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