DXC Technology (NYSE:DXC) Price Target Increased to $22.00 by Analysts at JPMorgan Chase & Co.

DXC Technology (NYSE:DXC) had its target price upped by JPMorgan Chase & Co. from $19.00 to $22.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research analysts have also recently commented on DXC. TD Cowen lowered their target price on DXC Technology from $22.00 to $18.00 and set a hold rating for the company in a research note on Tuesday, May 21st. BMO Capital Markets boosted their price objective on DXC Technology from $17.50 to $22.00 and gave the stock a market perform rating in a research report on Friday, August 9th. Morgan Stanley reduced their target price on shares of DXC Technology from $21.00 to $18.00 and set an equal weight rating on the stock in a report on Friday, May 17th. Stifel Nicolaus decreased their price target on shares of DXC Technology from $21.00 to $19.00 and set a hold rating for the company in a research note on Friday, May 17th. Finally, Royal Bank of Canada increased their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a sector perform rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, DXC Technology presently has a consensus rating of Hold and an average target price of $20.30.

DXC Technology Stock Performance

NYSE DXC opened at $20.60 on Friday. The company has a market cap of $3.72 billion, a P/E ratio of 55.68, a P/E/G ratio of 1.82 and a beta of 1.67. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50-day moving average of $19.63 and a two-hundred day moving average of $19.46.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. As a group, analysts anticipate that DXC Technology will post 2.89 EPS for the current year.

Insider Transactions at DXC Technology

In related news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

Institutional Trading of DXC Technology

A number of large investors have recently made changes to their positions in DXC. William B. Walkup & Associates Inc. acquired a new position in DXC Technology during the second quarter worth approximately $26,000. Mather Group LLC. increased its holdings in shares of DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after acquiring an additional 581 shares during the period. Family Firm Inc. purchased a new stake in DXC Technology in the 2nd quarter valued at $37,000. Fifth Third Bancorp boosted its stake in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after purchasing an additional 559 shares during the period. Finally, Quarry LP purchased a new position in DXC Technology during the 4th quarter worth $51,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Company Profile

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).