DXC Technology (NYSE:DXC) had its price objective increased by equities research analysts at Morgan Stanley from $104.00 to $114.00 in a research report issued on Monday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 18.64% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks upgraded DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Citigroup restated a “buy” rating and set a $117.00 target price (up previously from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. KeyCorp boosted their target price on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. Finally, Cowen restated a “hold” rating and set a $96.00 target price on shares of DXC Technology in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $102.71.
DXC Technology (NYSE DXC) traded down $2.80 during mid-day trading on Monday, hitting $96.09. The stock had a trading volume of 1,882,707 shares, compared to its average volume of 1,473,925. The company has a market capitalization of $28,210.00 and a P/E ratio of 167.61. DXC Technology has a 12 month low of $67.76 and a 12 month high of $102.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.
DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business’s revenue was up 229.4% on a year-over-year basis. analysts predict that DXC Technology will post 7.52 EPS for the current year.
A number of large investors have recently bought and sold shares of DXC. State Street Corp acquired a new position in DXC Technology in the second quarter valued at about $898,855,000. Investec Asset Management LTD grew its stake in DXC Technology by 153.8% in the third quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after acquiring an additional 2,324,095 shares during the period. JPMorgan Chase & Co. grew its stake in DXC Technology by 67.2% in the third quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after acquiring an additional 1,619,573 shares during the period. Assenagon Asset Management S.A. acquired a new position in DXC Technology in the third quarter valued at about $89,196,000. Finally, Janus Henderson Group PLC grew its stake in DXC Technology by 27.4% in the third quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after acquiring an additional 699,026 shares during the period. 84.73% of the stock is owned by hedge funds and other institutional investors.
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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.