DXC Technology (NYSE:DXC) had its price objective lifted by Deutsche Bank from $90.00 to $100.00 in a report published on Friday. Deutsche Bank currently has a hold rating on the stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of DXC Technology from a buy rating to a hold rating in a report on Friday, February 2nd. Morgan Stanley raised their target price on shares of DXC Technology from $104.00 to $114.00 and gave the stock an overweight rating in a report on Monday, February 5th. Cowen restated a hold rating and set a $85.00 target price on shares of DXC Technology in a report on Thursday, October 12th. BMO Capital Markets raised their target price on shares of DXC Technology from $100.00 to $105.00 and gave the stock an outperform rating in a report on Thursday, October 12th. Finally, Evercore ISI assumed coverage on shares of DXC Technology in a report on Tuesday, October 17th. They set an outperform rating and a $115.00 target price on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. DXC Technology has an average rating of Buy and an average target price of $102.94.
Shares of DXC Technology (NYSE:DXC) opened at $97.90 on Friday. The firm has a market cap of $27,710.00 and a P/E ratio of 31.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 1.00. DXC Technology has a 52-week low of $64.06 and a 52-week high of $102.95.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The firm’s quarterly revenue was up 222.7% compared to the same quarter last year. research analysts predict that DXC Technology will post 7.74 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. ETRADE Capital Management LLC grew its stake in shares of DXC Technology by 11.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after acquiring an additional 535 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of DXC Technology by 1.3% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock worth $4,015,000 after acquiring an additional 600 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of DXC Technology by 17.2% during the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock worth $424,000 after acquiring an additional 656 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of DXC Technology by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock worth $2,819,000 after acquiring an additional 670 shares in the last quarter. Finally, Fagan Associates Inc. grew its stake in shares of DXC Technology by 13.5% during the 3rd quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock worth $535,000 after acquiring an additional 739 shares in the last quarter. 84.62% of the stock is owned by institutional investors.
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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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