Susquehanna Issues Positive Forecast for DXC Technology (NYSE:DXC) Stock Price

DXC Technology (NYSE:DXC) had its target price increased by Susquehanna from $19.00 to $23.00 in a report published on Friday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

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

DXC Technology Stock Performance

Shares of DXC Technology stock traded down $0.92 on Friday, hitting $21.66. The stock had a trading volume of 5,981,665 shares, compared to its average volume of 1,020,818. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 63.71, a P/E/G ratio of 1.87 and a beta of 1.67. 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 has a 52-week low of $14.78 and a 52-week high of $25.14. The company’s 50 day moving average price is $20.68 and its 200 day moving average price is $19.42.

DXC Technology (NYSE:DXC) last announced 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 for the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. On average, research analysts anticipate that DXC Technology will post 2.89 EPS for the current year.

Insider Activity at DXC Technology

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DXC. Fifth Third Bancorp raised its holdings in DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after buying an additional 559 shares during the period. Mather Group LLC. raised its stake in shares of DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after acquiring an additional 581 shares during the period. United Services Automobile Association lifted its holdings in shares of DXC Technology by 5.0% during the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock valued at $274,000 after acquiring an additional 679 shares in the last quarter. Covestor Ltd boosted its position in DXC Technology by 2.5% during the 1st quarter. Covestor Ltd now owns 33,110 shares of the company’s stock worth $702,000 after purchasing an additional 820 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in DXC Technology by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock valued at $507,000 after purchasing an additional 995 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

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).