DXC Technology Company. (DXC) PT Raised to $113.00
DXC Technology Company. (NYSE:DXC) had its price objective upped by investment analysts at Barclays PLC from $108.00 to $113.00 in a research note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 15.55% from the stock’s previous close.
Several other analysts have also commented on the company. Zacks Investment Research lowered DXC Technology Company. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets increased their price objective on DXC Technology Company. from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Bank of America Corporation started coverage on DXC Technology Company. in a report on Tuesday, September 12th. They set a “buy” rating and a $101.00 price objective for the company. KeyCorp reiterated a “buy” rating and set a $92.00 price objective on shares of DXC Technology Company. in a report on Friday, September 8th. Finally, Evercore ISI started coverage on DXC Technology Company. in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 target price for the company. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $99.88.
Shares of DXC Technology Company. (NYSE:DXC) opened at $97.79 on Tuesday. DXC Technology Company. has a twelve month low of $67.76 and a twelve month high of $99.44. 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 company has a market capitalization of $28,247.31, a price-to-earnings ratio of 18.07, a PEG ratio of 1.28 and a beta of 1.01.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating the 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 firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.07 billion. The company’s quarterly revenue was up 229.4% on a year-over-year basis. sell-side analysts expect that DXC Technology Company. will post 7.39 earnings per share for the current year.
In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in DXC Technology Company. by 30,928.2% during the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after purchasing an additional 20,704,283 shares during the period. BlackRock Inc. acquired a new stake in DXC Technology Company. during the 2nd quarter worth about $1,368,006,000. Dodge & Cox acquired a new stake in DXC Technology Company. during the 2nd quarter worth about $1,032,608,000. Boston Partners grew its position in DXC Technology Company. by 4.4% during the 3rd quarter. Boston Partners now owns 12,688,006 shares of the company’s stock worth $1,089,645,000 after purchasing an additional 532,468 shares during the period. Finally, State Street Corp acquired a new stake in DXC Technology Company. during the 2nd quarter worth about $898,855,000. 83.08% of the stock is currently owned by institutional investors.
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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