Guggenheim Reaffirms Neutral Rating for DXC Technology (NYSE:DXC)

DXC Technology (NYSE:DXC)‘s stock had its “neutral” rating restated by Guggenheim in a research report issued on Monday,Benzinga reports.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Susquehanna reduced their price objective on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.29.

DXC Technology Trading Up 1.1%

DXC stock opened at $16.95 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The company has a market capitalization of $3.07 billion, a PE ratio of -40.36, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The company’s 50-day simple moving average is $16.03 and its 200 day simple moving average is $19.16.

Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Treasurer of the State of North Carolina grew its stake in shares of DXC Technology by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company’s stock worth $1,571,000 after acquiring an additional 490 shares during the last quarter. Arizona State Retirement System grew its stake in shares of DXC Technology by 1.1% in the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the company’s stock worth $1,048,000 after acquiring an additional 566 shares during the last quarter. Vident Advisory LLC grew its stake in shares of DXC Technology by 2.5% in the fourth quarter. Vident Advisory LLC now owns 25,279 shares of the company’s stock worth $505,000 after acquiring an additional 624 shares during the last quarter. Highland Capital Management LLC grew its stake in shares of DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after acquiring an additional 731 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of DXC Technology by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock worth $655,000 after acquiring an additional 740 shares during 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).