DXC Technology (DXC) PT Lowered to $105.00

DXC Technology (NYSE:DXC) had its target price lowered by analysts at SunTrust Banks from $115.00 to $105.00 in a report released on Wednesday. The firm presently has a “buy” rating on the stock. SunTrust Banks’ price target would suggest a potential upside of 13.99% from the company’s previous close. SunTrust Banks also issued estimates for DXC Technology’s Q1 2019 earnings at $1.63 EPS, Q2 2019 earnings at $1.70 EPS, Q3 2019 earnings at $2.10 EPS, Q4 2019 earnings at $2.58 EPS, FY2019 earnings at $8.01 EPS, Q1 2020 earnings at $1.81 EPS, Q2 2020 earnings at $1.86 EPS, Q3 2020 earnings at $2.25 EPS, Q4 2020 earnings at $2.80 EPS and FY2020 earnings at $8.73 EPS.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley raised their target price on shares of DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Citigroup raised their target price on shares of DXC Technology to $126.00 and gave the company a “top pick” rating in a report on Thursday, April 12th. Deutsche Bank raised their target price on shares of DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of DXC Technology to $114.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and an average target price of $106.35.

Shares of DXC opened at $92.11 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.46. DXC Technology has a 1 year low of $73.51 and a 1 year high of $107.85. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 1.06 and a beta of 0.94.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, May 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.12 billion. DXC Technology’s revenue for the quarter was up 233.2% on a year-over-year basis. analysts forecast that DXC Technology will post 8.09 earnings per share for the current fiscal year.

In other DXC Technology news, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction on Friday, April 27th. The shares were sold at an average price of $103.04, for a total transaction of $515,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of DXC Technology stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total transaction of $291,312.84. Following the transaction, the executive vice president now directly owns 13,082 shares of the company’s stock, valued at $1,320,497.08. The disclosure for this sale can be found here. Insiders have sold 22,886 shares of company stock valued at $2,343,380 over the last ninety days. 1.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BKD Wealth Advisors LLC lifted its position in shares of DXC Technology by 46.7% during the first quarter. BKD Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $953,000 after purchasing an additional 3,019 shares during the last quarter. Amalgamated Bank raised its holdings in shares of DXC Technology by 10.8% in the first quarter. Amalgamated Bank now owns 41,487 shares of the company’s stock valued at $4,171,000 after acquiring an additional 4,055 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of DXC Technology by 2.5% in the first quarter. Principal Financial Group Inc. now owns 902,213 shares of the company’s stock valued at $90,699,000 after acquiring an additional 22,332 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of DXC Technology by 10,385.3% in the first quarter. Summit Trail Advisors LLC now owns 103,595 shares of the company’s stock valued at $104,000 after acquiring an additional 102,607 shares in the last quarter. Finally, Navellier & Associates Inc raised its holdings in shares of DXC Technology by 88.2% in the first quarter. Navellier & Associates Inc now owns 17,466 shares of the company’s stock valued at $1,756,000 after acquiring an additional 8,186 shares in the last quarter. 83.99% of the stock is owned by institutional investors.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

Analyst Recommendations for DXC Technology (NYSE:DXC)

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