DXC Technology (NYSE:DXC) had its price target hoisted by SunTrust Banks to $72.00 in a report published on Monday morning, The Fly reports. The firm currently has a hold rating on the stock.
A number of other analysts have also commented on DXC. Zacks Investment Research raised shares of 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 reissued a buy rating and issued a $85.00 price objective on shares of DXC Technology in a research report on Monday, January 7th. Cantor Fitzgerald reissued a hold rating and issued a $70.00 price objective on shares of DXC Technology in a research report on Monday, January 7th. Cowen raised shares of DXC Technology from a market perform rating to an outperform rating in a research report on Monday, November 26th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a $83.00 price objective on shares of DXC Technology in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $91.42.
DXC Technology stock opened at $67.20 on Monday. The company has a market capitalization of $18.78 billion, a PE ratio of 8.46, a P/E/G ratio of 1.28 and a beta of 1.53. DXC Technology has a twelve month low of $49.19 and a twelve month high of $107.85. The company has a quick ratio of 1.04, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 7th. The company reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.19. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.16 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 earnings per share. As a group, equities research analysts predict that DXC Technology will post 8.2 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of DXC. Strategic Wealth Partners Ltd. raised its position in DXC Technology by 3,925.0% during the third quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in DXC Technology by 148.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after acquiring an additional 350 shares in the last quarter. Bruderman Asset Management LLC raised its position in DXC Technology by 1,365.1% during the fourth quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock worth $34,000 after acquiring an additional 587 shares in the last quarter. IMS Capital Management bought a new stake in DXC Technology during the third quarter worth $36,000. Finally, Rational Advisors LLC raised its position in DXC Technology by 203.5% during the fourth quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 466 shares in the last quarter. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
About DXC Technology
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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