Shares of DXC Technology Company. (NYSE:DXC) have received an average rating of “Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $94.73.
Several equities research analysts recently weighed in on the stock. Cowen and Company reissued a “hold” rating and set a $77.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. Evercore ISI assumed coverage on shares of DXC Technology Company. in a research report on Tuesday. They set an “outperform” rating and a $115.00 price target for the company. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. BMO Capital Markets reissued an “outperform” rating and set a $94.00 price target (up previously from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $79.00 price target on shares of DXC Technology Company. in a research report on Friday, August 11th.
In other DXC Technology Company. news, CFO Paul N. Saleh sold 80,922 shares of DXC Technology Company. stock in a transaction that occurred on Tuesday, August 15th. The shares were 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 owns 217,211 shares of the company’s stock, valued at approximately $18,247,896.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology Company. stock in a transaction that occurred on Thursday, October 12th. The stock was 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. In the last ninety days, insiders sold 335,182 shares of company stock valued at $27,671,761. 1.30% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Neville Rodie & Shaw Inc. bought a new stake in DXC Technology Company. in the 3rd quarter worth approximately $210,000. Achmea Investment Management B.V. bought a new stake in DXC Technology Company. in the 2nd quarter worth approximately $1,681,000. Lord Abbett & CO. LLC bought a new stake in DXC Technology Company. in the 2nd quarter worth approximately $11,511,000. USA Financial Portformulas Corp bought a new stake in DXC Technology Company. in the 2nd quarter worth approximately $505,000. Finally, Oak Associates Ltd. OH bought a new stake in DXC Technology Company. in the 2nd quarter worth approximately $7,357,000. 85.05% of the stock is owned by institutional investors and hedge funds.
Shares of DXC Technology Company. (NYSE DXC) traded up 0.3277% during mid-day trading on Thursday, reaching $91.7898. The company had a trading volume of 1,738,364 shares. The company has a market capitalization of $26.13 billion, a P/E ratio of 289.5577 and a beta of 1.04. The firm has a 50-day moving average of $85.65 and a 200-day moving average of $79.82. DXC Technology Company. has a 12-month low of $51.68 and a 12-month high of $93.40.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. On average, equities analysts anticipate that DXC Technology Company. will post $6.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is presently -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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