DXC Technology Company. (NYSE:DXC) – Equities researchers at SunTrust Banks raised their Q1 2019 earnings per share estimates for DXC Technology Company. in a research note issued on Sunday. SunTrust Banks analyst F. Atkins now forecasts that the company will post earnings per share of $1.97 for the quarter, up from their previous estimate of $1.81. SunTrust Banks currently has a “Hold” rating and a $100.00 price target on the stock. SunTrust Banks also issued estimates for DXC Technology Company.’s Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.30 EPS and FY2019 earnings at $8.59 EPS.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. The company’s revenue for the quarter was up 229.4% compared to the same quarter last year.
A number of other equities research analysts have also issued reports on DXC. Cowen and Company reaffirmed a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Royal Bank Of Canada boosted their price target on DXC Technology Company. from $87.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on DXC Technology Company. from $86.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $79.00 price target on shares of DXC Technology Company. in a report on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned 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 price target of $99.59.
DXC Technology Company. (DXC) traded up $1.33 during mid-day trading on Tuesday, reaching $97.32. The company had a trading volume of 1,416,836 shares, compared to its average volume of 1,958,367. DXC Technology Company. has a 12-month low of $67.76 and a 12-month high of $99.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27,380.00 and a price-to-earnings ratio of 17.47.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 0.74%.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in DXC Technology Company. by 30,928.2% in the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after purchasing an additional 20,704,283 shares in the last quarter. BlackRock Inc. purchased a new position in DXC Technology Company. in the 2nd quarter valued at about $1,368,006,000. Dodge & Cox purchased a new position in DXC Technology Company. in the 2nd quarter valued at about $1,032,608,000. Boston Partners boosted its position in DXC Technology Company. by 4.4% in the 3rd quarter. Boston Partners now owns 12,688,006 shares of the company’s stock valued at $1,089,645,000 after buying an additional 532,468 shares during the last quarter. Finally, State Street Corp purchased a new position in DXC Technology Company. in the 2nd quarter valued at about $898,855,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.
DXC Technology Company. 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.
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