Barclays PLC Boosts DXC Technology Company. (DXC) Price Target to $108.00
DXC Technology Company. (NYSE:DXC) had its target price lifted by Barclays PLC from $100.00 to $108.00 in a research note released on Wednesday morning. They currently have an overweight rating on the stock.
Other equities research analysts have also recently issued research reports about the company. KeyCorp upgraded DXC Technology Company. from a sector weight rating to an overweight rating and set a $93.00 price objective for the company in a report on Friday, July 21st. Cowen and Company restated a hold rating and set a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. TheStreet upgraded DXC Technology Company. from a c rating to a b rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a hold rating and set a $86.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. Finally, Cantor Fitzgerald restated a hold rating and set a $79.00 price objective on shares of DXC Technology Company. in a report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. DXC Technology Company. currently has an average rating of Buy and an average target price of $99.56.
Shares of DXC Technology Company. (NYSE DXC) traded up $1.31 during midday trading on Wednesday, reaching $95.94. The company’s stock had a trading volume of 1,290,200 shares, compared to its average volume of 1,620,620. The firm has a market capitalization of $27,368.71, a P/E ratio of 17.51, a PEG ratio of 1.69 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. DXC Technology Company. has a 1 year low of $67.76 and a 1 year high of $99.00.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The business’s revenue for the quarter was up 229.4% on a year-over-year basis. equities analysts forecast that DXC Technology Company. will post 7.17 EPS for the current fiscal year.
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In related news, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total value of $6,798,257.22. Following the completion of the sale, the chief financial officer now directly owns 217,211 shares in the company, valued at $18,247,896.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several hedge funds have recently modified their holdings of DXC. Vanguard Group Inc. boosted its stake in shares of DXC Technology Company. by 30,928.2% in the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after buying an additional 20,704,283 shares during the period. BlackRock Inc. bought a new stake in DXC Technology Company. during the second quarter worth $1,368,006,000. Dodge & Cox bought a new stake in DXC Technology Company. during the second quarter worth $1,032,608,000. Boston Partners bought a new stake in DXC Technology Company. during the second quarter worth $932,573,000. Finally, State Street Corp bought a new stake in DXC Technology Company. during the second quarter worth $898,855,000. Institutional investors and hedge funds own 85.82% 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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