DXC Technology Company. (NYSE:DXC) had its price target increased by BMO Capital Markets from $94.00 to $100.00 in a research report released on Friday morning. They currently have an outperform rating on the stock.
A number of other equities research analysts also recently issued reports on DXC. Barclays PLC initiated coverage on shares of DXC Technology Company. in a research report on Thursday, May 25th. They issued an overweight rating and a $90.00 target price for the company. Piper Jaffray Companies reiterated an overweight rating and issued a $90.00 target price on shares of DXC Technology Company. in a research report on Thursday, May 25th. Cantor Fitzgerald reiterated a hold rating and issued a $75.00 target price on shares of DXC Technology Company. in a research report on Friday, May 26th. Stifel Nicolaus initiated coverage on shares of DXC Technology Company. in a research report on Tuesday, May 30th. They issued a hold rating and a $86.00 target price for the company. Finally, Zacks Investment Research downgraded shares of DXC Technology Company. from a strong-buy rating to a hold rating in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $89.57.
Shares of DXC Technology Company. (NYSE DXC) traded down 0.39% during mid-day trading on Friday, hitting $85.07. 2,249,700 shares of the stock traded hands. The stock has a 50-day moving average of $83.08 and a 200-day moving average of $77.13. DXC Technology Company. has a 52 week low of $49.12 and a 52 week high of $86.29. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 268.36 and a beta of 1.03.
DXC Technology Company. (NYSE:DXC) last released its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. Analysts anticipate that DXC Technology Company. will post $6.82 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.85%. DXC Technology Company.’s dividend payout ratio (DPR) is -378.95%.
In other news, CFO Paul N. Saleh sold 59,824 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the transaction, the chief financial officer now owns 196,113 shares in the company, valued at approximately $15,312,503.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael G. Nefkens sold 128,328 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the transaction, the executive vice president now owns 25,447 shares in the company, valued at approximately $2,036,523.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 359,666 shares of company stock worth $29,091,539. 1.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth $1,681,000. Lord Abbett & CO. LLC acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth $11,511,000. USA Financial Portformulas Corp acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth $505,000. Oak Associates Ltd. OH acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth $7,357,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth $33,043,000. Institutional investors own 85.05% of the company’s stock.
About DXC Technology Company.
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.
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