DXC Technology Co (NYSE:DXC) gapped up before the market opened on Monday after SunTrust Banks raised their price target on the stock to $72.00. The stock had previously closed at $72.42, but opened at $69.21. SunTrust Banks currently has a hold rating on the stock. DXC Technology shares last traded at $67.99, with a volume of 1157424 shares traded.

A number of other brokerages have also weighed in on DXC. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, January 8th. BMO Capital Markets reduced their price objective on DXC Technology from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Berenberg Bank reduced their price objective on DXC Technology to $80.00 and set a “hold” rating on the stock in a research report on Friday, November 9th. JPMorgan Chase & Co. restated an “overweight” rating and set a $83.00 price objective on shares of DXC Technology in a research report on Tuesday, November 13th. Finally, Cowen upgraded DXC Technology from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $91.42.

Several large investors have recently made changes to their positions in the company. SOL Capital Management CO lifted its stake in shares of DXC Technology by 2.6% in the 4th quarter. SOL Capital Management CO now owns 6,792 shares of the company’s stock valued at $361,000 after purchasing an additional 174 shares during the period. Strategic Wealth Partners Ltd. lifted its stake in shares of DXC Technology by 3,925.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 314 shares during the period. Cypress Capital Management LLC lifted its stake in shares of DXC Technology by 0.8% in the 4th quarter. Cypress Capital Management LLC now owns 39,303 shares of the company’s stock valued at $2,090,000 after purchasing an additional 328 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of DXC Technology by 148.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after purchasing an additional 350 shares during the period. Finally, IMS Capital Management bought a new stake in DXC Technology in the 3rd quarter valued at about $36,000. 88.27% of the stock is currently owned by institutional investors.

The stock has a market cap of $19.39 billion, a P/E ratio of 8.56, a PEG ratio of 1.28 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.04.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company posted $1.86 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Equities analysts predict that DXC Technology Co will post 8.2 EPS for the current year.

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About DXC Technology (NYSE:DXC)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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