DXC Technology (DXC) Given New $116.00 Price Target at KeyCorp

DXC Technology (NYSE:DXC) had its price target lifted by investment analysts at KeyCorp from $107.00 to $116.00 in a research report issued on Tuesday. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 15.16% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Citigroup raised their target price on shares of DXC Technology to $107.00 in a research note on Wednesday, November 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of DXC Technology in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Tuesday, October 10th. Bank of America started coverage on shares of DXC Technology in a research note on Tuesday, September 12th. They issued a “buy” rating and a $101.00 target price for the company. Finally, Cowen reiterated a “hold” rating and issued a $85.00 target price on shares of DXC Technology in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and an average price target of $101.53.

Shares of DXC Technology (DXC) opened at $100.73 on Tuesday. DXC Technology has a one year low of $67.76 and a one year high of $101.16. The stock has a market cap of $28,680.00 and a PE ratio of 170.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.

DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. The firm’s revenue for the quarter was up 229.4% compared to the same quarter last year. equities analysts predict that DXC Technology will post 7.51 earnings per share for the current fiscal year.

In other news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DXC. Advisory Services Network LLC bought a new position in DXC Technology in the second quarter valued at approximately $101,000. Pinebridge Investments L.P. bought a new position in DXC Technology in the second quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. bought a new position in DXC Technology in the second quarter valued at approximately $109,000. Westside Investment Management Inc. increased its stake in DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after acquiring an additional 50 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in DXC Technology in the second quarter valued at approximately $147,000. Institutional investors own 84.66% of the company’s stock.

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DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

Analyst Recommendations for DXC Technology (NYSE:DXC)

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