DXC Technology Company. (NYSE:DXC) Receives Consensus Rating of “Reduce” from Analysts

Shares of DXC Technology Company. (NYSE:DXC) have earned an average rating of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.21.

DXC has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research note on Friday, July 31st. TD Cowen upped their price objective on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley set a $12.00 price objective on DXC Technology in a research note on Monday, August 3rd. Royal Bank Of Canada decreased their price objective on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Finally, Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $11.71 on Thursday. The firm’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $10.61. DXC Technology has a 12 month low of $7.90 and a 12 month high of $15.68. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, equities analysts forecast that DXC Technology will post 2.61 earnings per share for the current year.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of DXC. Hantz Financial Services Inc. raised its position in DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of DXC Technology by 61.1% in the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company’s stock worth $47,000 after acquiring an additional 1,395 shares during the period. Rothschild Investment LLC boosted its holdings in shares of DXC Technology by 83.4% in the fourth quarter. Rothschild Investment LLC now owns 5,467 shares of the company’s stock valued at $80,000 after acquiring an additional 2,486 shares in the last quarter. Covestor Ltd boosted its holdings in shares of DXC Technology by 31.2% in the second quarter. Covestor Ltd now owns 6,603 shares of the company’s stock valued at $58,000 after acquiring an additional 1,570 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of DXC Technology by 47.4% during the second quarter. Versant Capital Management Inc now owns 7,474 shares of the company’s stock worth $66,000 after acquiring an additional 2,404 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Company Profile

DXC Technology (NYSE:DXC) is a global information technology services company that helps businesses and government organizations modernize and manage their technology environments. Its services include IT consulting, systems integration, cloud computing, cybersecurity, data and analytics, application development and management, and workplace and infrastructure services.

The company supports clients in moving workloads to public, private and hybrid cloud environments, improving digital customer experiences, automating business processes and managing complex technology operations.