Somewhat Favorable News Coverage Somewhat Unlikely to Impact DXC Technology Company. (DXC) Stock Price
News stories about DXC Technology Company. (NYSE:DXC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DXC Technology Company. earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0713460269326 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- BRIEF-DXC Technology prices senior floating rates notes offering (uk.reuters.com)
- Wallace Weitz Buys LiLAC Group, Dollar Tree Inc, DXC Technology Co, Sells ILG Inc, Willis Towers Watson PLC … – GuruFocus.com (gurufocus.com)
- Streetwise Investors Taking Note of DXC Technology Company (:DXC) Roper Technologies, Inc. (NYSE:ROP) – FLBC News (flbcnews.com)
- DXC Technology Prices Senior Floating Rates Notes Offering – Business Wire (press release) (businesswire.com)
- Cantor Fitzgerald Analysts Boost Earnings Estimates for DXC Technology Company. (DXC) (americanbankingnews.com)
DXC Technology Company. (NYSE DXC) traded up 1.33% on Tuesday, reaching $85.35. 2,206,463 shares of the company’s stock were exchanged. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 269.24 and a beta of 1.11. DXC Technology Company. has a 52 week low of $64.06 and a 52 week high of $85.69. The stock’s 50 day moving average is $78.99 and its 200 day moving average is $74.70.
DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. On average, equities analysts anticipate that DXC Technology Company. will post $6.80 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is currently -315.79%.
A number of equities research analysts have commented on DXC shares. Zacks Investment Research lowered shares of DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 6th. Barclays PLC started coverage on shares of DXC Technology Company. in a report on Thursday, May 25th. They set an “overweight” rating and a $90.00 price objective on the stock. J P Morgan Chase & Co started coverage on shares of DXC Technology Company. in a report on Wednesday, April 19th. They set an “overweight” rating and a $90.00 price objective on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 price objective on shares of DXC Technology Company. in a report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) raised shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price objective for the stock from $85.00 to $90.00 in a report on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $87.33.
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In other news, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $74.82, for a total transaction of $377,990.64. Following the sale, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $77.18, for a total value of $663,748.00. Following the sale, the director now owns 111,229 shares in the company, valued at $8,584,654.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 292,396 shares of company stock worth $23,335,020. Company insiders own 1.30% of the company’s stock.
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