DXC Technology (NYSE:DXC) Price Target Raised to $23.00 at Susquehanna

DXC Technology (NYSE:DXC) had its price objective increased by Susquehanna from $19.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 6.19% from the stock’s previous close.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Royal Bank of Canada boosted their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets increased their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.56.

DXC Technology Trading Down 4.1 %

NYSE:DXC traded down $0.92 during trading hours on Friday, reaching $21.66. 5,981,665 shares of the company were exchanged, compared to its average volume of 1,020,818. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 270.75, a PEG ratio of 1.87 and a beta of 1.67. The stock has a 50 day simple moving average of $20.68 and a 200 day simple moving average of $19.41. DXC Technology has a 52-week low of $14.78 and a 52-week high of $25.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21.

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

Insider Activity at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the transaction, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds have recently bought and sold shares of the company. Moran Wealth Management LLC bought a new stake in shares of DXC Technology during the 3rd quarter valued at about $2,414,000. Prospera Private Wealth LLC bought a new position in shares of DXC Technology during the third quarter valued at approximately $49,000. Quest Partners LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth approximately $97,000. Gladius Capital Management LP lifted its holdings in shares of DXC Technology by 21.0% in the 3rd quarter. Gladius Capital Management LP now owns 47,552 shares of the company’s stock worth $987,000 after purchasing an additional 8,269 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in DXC Technology by 22.3% during the 3rd quarter. Natixis Advisors LLC now owns 223,376 shares of the company’s stock valued at $4,635,000 after purchasing an additional 40,771 shares during the period. 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).