DXC Technology (NYSE:DXC – Get Rating) updated its FY 2023 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.85-$4.15 for the period, compared to the consensus estimate of $4.25. The company issued revenue guidance of $14.90 billion-$15.05 billion, compared to the consensus revenue estimate of $16.12 billion.DXC Technology also updated its FY 2024 guidance to $5.00-$5.25 EPS.
A number of research firms have recently weighed in on DXC. Susquehanna reduced their target price on shares of DXC Technology from $42.00 to $41.00 in a report on Thursday. Cowen dropped their price target on shares of DXC Technology from $45.00 to $43.00 in a research note on Thursday. Cowen dropped their price target on shares of DXC Technology from $45.00 to $43.00 and set an outperform rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of DXC Technology from $41.00 to $39.00 and set an underweight rating for the company in a research note on Tuesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of DXC Technology from $53.00 to $48.00 in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $40.00.
Shares of DXC traded up $4.72 during mid-day trading on Thursday, hitting $34.17. The company’s stock had a trading volume of 198,346 shares, compared to its average volume of 2,093,842. The company’s 50-day moving average is $30.69 and its 200-day moving average is $31.88. DXC Technology has a 52-week low of $27.28 and a 52-week high of $44.18. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of -13.66, a PEG ratio of 0.26 and a beta of 2.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83.
Several hedge funds and other institutional investors have recently bought and sold shares of DXC. Goldman Sachs Group Inc. raised its stake in shares of DXC Technology by 53.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,504,148 shares of the company’s stock worth $48,419,000 after acquiring an additional 525,773 shares in the last quarter. BlackRock Inc. raised its stake in shares of DXC Technology by 1.5% during the 4th quarter. BlackRock Inc. now owns 15,442,625 shares of the company’s stock worth $497,099,000 after acquiring an additional 224,946 shares in the last quarter. Weiss Multi Strategy Advisers LLC raised its stake in shares of DXC Technology by 46.0% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 547,416 shares of the company’s stock worth $17,862,000 after acquiring an additional 172,366 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of DXC Technology by 56.1% during the 1st quarter. Prudential Financial Inc. now owns 341,737 shares of the company’s stock worth $11,151,000 after acquiring an additional 122,753 shares in the last quarter. Finally, Eaton Vance Management raised its stake in shares of DXC Technology by 583.6% during the 1st quarter. Eaton Vance Management now owns 115,603 shares of the company’s stock worth $3,773,000 after acquiring an additional 98,693 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.
DXC Technology Company Profile (Get Rating)
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
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