DXC Technology (NYSE:DXC) Given New $22.00 Price Target at JPMorgan Chase & Co.

DXC Technology (NYSE:DXC) had its price target boosted by JPMorgan Chase & Co. from $19.00 to $22.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an underweight rating on the stock.

Several other research firms also recently issued reports on DXC. BMO Capital Markets lifted their price target on shares of DXC Technology from $17.50 to $22.00 and gave the company a market perform rating in a research report on Friday, August 9th. TD Cowen decreased their target price on shares of DXC Technology from $22.00 to $18.00 and set a hold rating for the company in a research report on Tuesday, May 21st. Royal Bank of Canada upped their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a sector perform rating in a report on Friday, August 9th. Susquehanna lifted their price target on DXC Technology from $15.00 to $19.00 and gave the company a neutral rating in a research note on Wednesday, June 12th. Finally, Morgan Stanley cut their target price on DXC Technology from $21.00 to $18.00 and set an equal weight rating on the stock in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $20.30.

DXC Technology Trading Down 1.4 %

NYSE:DXC opened at $20.82 on Friday. The firm has a fifty day simple moving average of $19.59 and a two-hundred day simple moving average of $19.48. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 1.81 and a beta of 1.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. Analysts expect that DXC Technology will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of 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 can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

Several institutional investors have recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new stake in DXC Technology in the second quarter worth $26,000. Mather Group LLC. increased its holdings in DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after acquiring an additional 581 shares during the last quarter. Fifth Third Bancorp raised its stake in DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after acquiring an additional 559 shares during the period. Family Firm Inc. purchased a new stake in DXC Technology during the second quarter valued at about $37,000. Finally, Quarry LP bought a new position in DXC Technology during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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).