A number of research firms have changed their ratings and price targets to DXC Technology (NYSE:DXC):

• 05/27/2022 – DXC Technology has been upgraded by Zacks Investment Research analysts from a “sell” rating to a “hold” rating. They now have a price target of $36.00 on the stock. According to Zacks, “DXC benefits from the strength of the digital business and partnerships that help it grow in the cloud computing space. Additionally, the acquisitions are helping DXC increase revenue amid heightened competition in the cloud computing and cybersecurity spaces. Equities have outperformed the industry over the past year. Nevertheless, the disposal of the HHS business has a negative impact on the revenues of the GBS segment. Additionally, the company’s near-term growth prospects may hurt as organizations push back on investing in large and expensive technology products amid the ongoing pandemic and geopolitical issues. In addition, high debt and increased competition are hurting DXC’s growth. Additionally, suboptimal customer delivery, weakened customer relationships, and price concessions negatively impacted DXC’s overall performance.
• 05/26/2022 – DXC Technology has had its price target lowered by analysts at Susquehanna Bancshares, Inc. from $42.00 to $41.00. They now have a “positive” rating on the title.
• 05/26/2022 – DXC Technology has had its price target lowered by Cowen Inc. analysts from $45.00 to $43.00. They now have an “outperform” rating on the title.
• 05/26/2022 – DXC Technology has had its price target lowered by Morgan Stanley analysts from $36.00 to $33.00. They now have an “equal weight” rating on the stock.
• 05/26/2022 – DXC Technology has had its price target lowered by Royal Bank of Canada analysts from $47.00 to $39.00.
• 05/26/2022 – DXC Technology has had its price target lowered by Cowen Inc analysts from $45.00 to $43.00.
• 05/26/2022 – DXC Technology has had its price target lowered by Deutsche Bank Aktiengesellschaft analysts from $53.00 to $48.00.
• 05/26/2022 – DXC Technology has had its price target lowered by Susquehanna analysts from $42.00 to $41.00.
• 04/20/2022 – DXC Technology has had its price target lowered by Citigroup Inc. analysts from $45.00 to $43.00.

NYSE DXC opened at $35.08 on Monday. The stock has a market capitalization of $8.58 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.32 and a beta of 2.15. DXC Technology has a 1-year low of $27.28 and a 1-year high of $44.18. The company’s fifty-day moving average is $30.75 and its two-hundred-day moving average is $31.87. The company has a debt ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.09.

DXC Technology (NYSE:DXC – Get Rating) last released its quarterly results on Wednesday, May 25. The company reported earnings per share (EPS) of $0.84 for the quarter, missing the consensus estimate of $0.99 per ($0.15). The company posted revenue of $4.01 billion in the quarter, versus a consensus estimate of $4.12 billion. DXC Technology had a net margin of 4.41% and a return on equity of 17.08%. DXC Technology’s quarterly revenue decreased 8.6% year over year. During the same period a year earlier, the company posted EPS of $0.74. On average, research analysts expect DXC Technology to post earnings per share of 3.95 for the current year.

A number of large investors have recently changed their DXC holdings. Ellevest Inc. increased its stake in DXC Technology by 141.3% in the first quarter. Ellevest Inc. now owns 753 shares of the company worth $25,000 after purchasing an additional 441 shares in the last quarter. Cornerstone Advisory LLC acquired a new position in DXC Technology during Q4 worth $37,000. Herold Advisors Inc. acquired a new position in DXC Technology during Q1 worth $46,000. Assetmark Inc. increased its position in DXC Technology by 105.2% during the third quarter. Assetmark Inc. now owns 1,426 shares of the company worth $48,000 after acquiring 731 additional shares in the last quarter. Finally, Covestor Ltd acquired a new position in DXC Technology during the 4th quarter at a value of $55,000. Hedge funds and other institutional investors own 89.41% of the company’s shares.

DXC Technology Company, together with its subsidiaries, provides IT services and solutions primarily in North America, Europe, Asia and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and a broad ecosystem of partners that help its customers gain rapid insights, automate operations and accelerate their digital transformation journeys; and software engineering and solutions that enable companies to run and manage their critical functions, transform their operations and develop new ways of doing business.

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