Brokerages Set DXC Technology (NYSE:DXC) Price Target at $21.29

Shares of DXC Technology (NYSE:DXC) have received a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.29.

Separately, Morgan Stanley boosted their price target on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st.

DXC Technology Stock Down 9.2 %

DXC opened at $14.89 on Friday. The stock has a fifty day moving average of $18.93 and a 200-day moving average of $20.22. The company has a market capitalization of $2.70 billion, a P/E ratio of -35.46, a P/E/G ratio of 1.16 and a beta of 1.37. DXC Technology has a fifty-two week low of $14.71 and a fifty-two week high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. On average, equities analysts expect that DXC Technology will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DXC. Quest Partners LLC bought a new position in shares of DXC Technology in the 3rd quarter valued at $97,000. Cerity Partners LLC grew its position in DXC Technology by 109.7% in the third quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock valued at $804,000 after acquiring an additional 20,269 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in DXC Technology during the third quarter worth about $664,000. Point72 Asset Management L.P. bought a new position in shares of DXC Technology in the third quarter worth about $1,438,000. Finally, RBF Capital LLC bought a new position in shares of DXC Technology in the third quarter worth about $622,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

About DXC Technology

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).