DXC Technology (NYSE:DXC) PT Raised to $19.00 at Susquehanna

DXC Technology (NYSE:DXCGet Free Report) had its price target upped by investment analysts at Susquehanna from $15.00 to $19.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 1.52% from the stock’s current price.

DXC has been the topic of several other research reports. BMO Capital Markets cut their price target on DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a research note on Friday, May 17th. Royal Bank of Canada reduced their target price on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating for the company in a research note on Friday, May 17th. Guggenheim assumed coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price target for the company. TD Cowen reduced their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, May 21st. Finally, Morgan Stanley dropped their target price on shares of DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.14.

View Our Latest Stock Report on DXC

DXC Technology Stock Performance

Shares of NYSE:DXC opened at $18.72 on Wednesday. The company has a market cap of $3.35 billion, a P/E ratio of 50.58, a PEG ratio of 2.11 and a beta of 1.73. DXC Technology has a one year low of $14.78 and a one year high of $28.89. The business’s 50-day simple moving average is $18.63 and its 200 day simple moving average is $20.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17.

DXC Technology (NYSE:DXCGet Free Report) last posted its earnings results on Thursday, May 16th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. On average, sell-side analysts forecast that DXC Technology will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DXC Technology

A number of large investors have recently bought and sold shares of DXC. Versant Capital Management Inc raised its position in shares of DXC Technology by 3,525.9% during the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after purchasing an additional 2,045 shares during the period. GAMMA Investing LLC acquired a new stake in DXC Technology in the fourth quarter worth $49,000. Quarry LP bought a new stake in DXC Technology in the fourth quarter valued at $51,000. Quest Partners LLC acquired a new position in shares of DXC Technology during the fourth quarter valued at $104,000. Finally, Quadrant Capital Group LLC grew its position in shares of DXC Technology by 450.1% during the fourth quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock worth $151,000 after acquiring an additional 5,415 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

About DXC Technology

(Get Free Report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).

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