DXC Technology (NYSE:DXC) had its price target lifted by investment analysts at KeyCorp from $107.00 to $116.00 in a research note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 15.37% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. Cowen restated a “hold” rating and set a $96.00 price objective on shares of DXC Technology in a research note on Wednesday, January 3rd. Barclays raised their target price on DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. SunTrust Banks raised their target price on DXC Technology to $100.00 and gave the company a “hold” rating in a research report on Monday, November 13th. BMO Capital Markets raised their target price on DXC Technology from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus raised their target price on DXC Technology from $86.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $101.53.
DXC Technology (DXC) opened at $100.55 on Tuesday. DXC Technology has a twelve month low of $67.76 and a twelve month high of $101.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $28,680.00 and a price-to-earnings ratio of 170.08.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DXC. Fox Run Management L.L.C. purchased a new position in shares of DXC Technology during the first quarter valued at approximately $240,000. Cribstone Capital Management LLC purchased a new position in shares of DXC Technology during the first quarter valued at approximately $102,000. Barometer Capital Management Inc. purchased a new position in shares of DXC Technology during the first quarter valued at approximately $4,685,000. Boyd Watterson Asset Management LLC OH purchased a new position in shares of DXC Technology during the first quarter valued at approximately $226,000. Finally, Bartlett & Co. LLC purchased a new position in shares of DXC Technology during the first quarter valued at approximately $145,000. Hedge funds and other institutional investors own 84.66% of the company’s stock.
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About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
