DXC Technology (NYSE:DXC) Price Target Raised to $22.00 at Morgan Stanley

DXC Technology (NYSE:DXC) had its target price hoisted by Morgan Stanley from $20.00 to $22.00 in a research report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently issued reports on DXC. BMO Capital Markets upped their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Susquehanna increased their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, DXC Technology presently has an average rating of “Hold” and an average target price of $21.38.

DXC Technology Stock Up 1.1 %

DXC opened at $21.79 on Friday. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The firm has a market capitalization of $3.94 billion, a P/E ratio of 272.35, a PEG ratio of 1.40 and a beta of 1.66. The company’s 50-day moving average is $21.10 and its 200 day moving average is $20.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the firm earned $0.70 EPS. Research analysts expect that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DXC. Pacer Advisors Inc. boosted its position in DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after purchasing an additional 899,510 shares during the period. Principal Financial Group Inc. boosted its holdings in DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock worth $17,530,000 after buying an additional 25,573 shares during the period. JPMorgan Chase & Co. grew its stake in DXC Technology by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after buying an additional 10,922 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in DXC Technology by 4,893.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after acquiring an additional 656,167 shares during the period. Finally, Millennium Management LLC lifted its position in shares of DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares in the last quarter. 96.20% of the stock is currently owned by 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).