DXC Technology Company. (DXC) Given Consensus Rating of “Buy” by Analysts
DXC Technology Company. (NYSE:DXC) has received an average rating of “Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $96.38.
Several brokerages recently commented on DXC. Zacks Investment Research raised shares of DXC Technology Company. from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Friday, October 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $104.00 price objective (up previously from $86.00) on shares of DXC Technology Company. in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Evercore ISI initiated coverage on shares of DXC Technology Company. in a research note on Tuesday, October 17th. They set an “outperform” rating and a $115.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price target on shares of DXC Technology Company. in a research note on Friday, October 13th. Finally, Citigroup Inc. boosted their price target on shares of DXC Technology Company. from $97.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, October 13th.
In related news, CFO Paul N. Saleh sold 80,922 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction 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 approximately $18,247,896.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 156,722 shares of company stock valued at $13,389,106 over the last quarter. 1.30% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in DXC Technology Company. in the 2nd quarter worth $101,000. Hanson McClain Inc. bought a new position in DXC Technology Company. in the 2nd quarter worth $105,000. Pinebridge Investments L.P. bought a new position in DXC Technology Company. in the 2nd quarter worth $106,000. Oppenheimer Asset Management Inc. bought a new position in DXC Technology Company. in the 2nd quarter worth $109,000. Finally, Cribstone Capital Management LLC raised its holdings in DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.
Shares of DXC Technology Company. (NYSE:DXC) traded up $1.57 during trading hours on Monday, reaching $93.02. 1,494,580 shares of the company traded hands, compared to its average volume of 1,557,372. The stock has a market capitalization of $26,034.86, a PE ratio of 21.98, a P/E/G ratio of 1.67 and a beta of 1.01. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $93.40. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. equities analysts anticipate that DXC Technology Company. will post 6.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.77%. DXC Technology Company.’s payout ratio is -378.95%.
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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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