DXC Technology (NYSE:DXC) Rating Reiterated by Evercore ISI

DXC Technology (NYSE:DXC)‘s stock had its “buy” rating reiterated by analysts at Evercore ISI in a report issued on Sunday, AnalystRatings.com reports. They currently have a $82.00 target price on the stock. Evercore ISI’s price target would suggest a potential upside of 128.35% from the stock’s previous close.

Several other equities analysts have also recently issued reports on DXC. BMO Capital Markets cut DXC Technology from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $60.00 to $48.00 in a research note on Friday. Wells Fargo & Co decreased their price objective on DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Cowen decreased their price objective on DXC Technology from $83.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Goldman Sachs Group cut DXC Technology from a “conviction-buy” rating to a “buy” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $71.50.

Shares of DXC traded down $15.74 during midday trading on Friday, hitting $35.91. The company had a trading volume of 20,479,357 shares, compared to its average volume of 2,243,094. The company has a 50-day moving average price of $54.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 4.31, a P/E/G ratio of 1.62 and a beta of 1.74. DXC Technology has a 1 year low of $34.61 and a 1 year high of $96.75.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.03. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.86 billion. DXC Technology had a return on equity of 19.39% and a net margin of 5.70%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. On average, analysts anticipate that DXC Technology will post 8.16 EPS for the current year.

In other DXC Technology news, CEO John M. Lawrie bought 3,300 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $53.28 per share, with a total value of $175,824.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne Mason sold 1,768 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $52.29, for a total value of $92,448.72. The disclosure for this sale can be found here. Insiders have bought a total of 22,066 shares of company stock worth $1,153,043 in the last three months. Corporate insiders own 0.81% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners grew its stake in shares of DXC Technology by 3.0% in the 1st quarter. Boston Partners now owns 9,911,245 shares of the company’s stock valued at $637,393,000 after purchasing an additional 292,941 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DXC Technology by 11.3% in the 4th quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock valued at $236,418,000 after purchasing an additional 451,768 shares during the last quarter. FMR LLC grew its stake in shares of DXC Technology by 6.8% in the 1st quarter. FMR LLC now owns 3,849,597 shares of the company’s stock valued at $247,567,000 after purchasing an additional 245,363 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of DXC Technology by 23.4% in the 2nd quarter. Prudential Financial Inc. now owns 3,308,632 shares of the company’s stock valued at $182,471,000 after purchasing an additional 626,625 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of DXC Technology by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,299,958 shares of the company’s stock valued at $175,464,000 after purchasing an additional 411,494 shares during the last quarter. 85.84% of the stock is currently owned by institutional investors.

DXC Technology Company Profile

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).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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