Morgan Stanley restated their overweight rating on shares of DXC Technology Company. (NYSE:DXC) in a research note published on Wednesday, October 18th. Morgan Stanley currently has a $104.00 target price on the stock, up from their prior target price of $86.00. The analysts noted that the move was a valuation call.
Several other equities analysts have also weighed in 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 lifted their price objective on DXC Technology Company. from $94.00 to $100.00 and gave the stock an outperform rating in a research note on Friday, September 15th. KeyCorp upgraded DXC Technology Company. from a sector weight rating to an overweight rating and set a $93.00 price objective on the stock in a research note on Friday, July 21st. Bank of America Corporation initiated coverage on DXC Technology Company. in a research note on Tuesday, September 12th. They issued a buy rating and a $101.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology Company. presently has an average rating of Buy and a consensus target price of $96.38.
DXC Technology Company. (DXC) opened at 90.93 on Wednesday. The firm has a 50-day moving average price of $87.10 and a 200 day moving average price of $80.92. DXC Technology Company. has a 52-week low of $51.68 and a 52-week high of $93.40. The firm has a market capitalization of $25.89 billion, a P/E ratio of 286.85 and a beta of 1.04.
DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Analysts forecast that DXC Technology Company. will post $6.83 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 1st. DXC Technology Company.’s payout ratio is currently -378.95%.
In other DXC Technology Company. news, CFO Paul N. Saleh sold 80,922 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the transaction, 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 document filed with the SEC, which can be accessed through this link. Also, CFO Paul N. Saleh sold 40,460 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the sale, the chief financial officer now owns 136,384 shares of the company’s stock, valued at approximately $11,257,135.36. The disclosure for this sale can be found here. Insiders sold a total of 156,722 shares of company stock worth $13,389,106 over the last three months. 1.30% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of 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 valued at $1,593,568,000 after acquiring an additional 20,704,283 shares during the last quarter. BlackRock Inc. bought a new stake in shares of DXC Technology Company. in the 2nd quarter valued at $1,368,006,000. Dodge & Cox bought a new stake in shares of DXC Technology Company. in the 2nd quarter valued at $1,032,608,000. Boston Partners acquired a new position in DXC Technology Company. in the 2nd quarter worth $932,573,000. Finally, State Street Corp acquired a new position in DXC Technology Company. in the 2nd quarter worth $898,855,000. Institutional investors own 85.06% of the company’s stock.
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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