Shares of DXC Technology (NYSE:DXC) have received a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $99.88.
Several research analysts have recently weighed in on DXC shares. Citigroup boosted their price objective on shares of DXC Technology to $107.00 in a research note on Wednesday, November 8th. TheStreet upgraded shares of DXC Technology from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Bank of America started coverage on shares of DXC Technology in a research note on Tuesday, September 12th. They set a “buy” rating and a $101.00 price objective on the stock. KeyCorp restated a “buy” rating and set a $92.00 price objective on shares of DXC Technology in a research note on Friday, September 8th. Finally, Jefferies Group boosted their price objective on shares of DXC Technology from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DXC. Vanguard Group Inc. boosted its holdings in DXC Technology by 30,928.2% in the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after purchasing an additional 20,704,283 shares during the period. BlackRock Inc. bought a new stake in shares of DXC Technology during the 2nd quarter worth approximately $1,368,006,000. Dodge & Cox bought a new stake in shares of DXC Technology during the 2nd quarter worth approximately $1,032,608,000. Boston Partners bought a new stake in shares of DXC Technology during the 2nd quarter worth approximately $932,573,000. Finally, State Street Corp bought a new stake in shares of DXC Technology during the 2nd quarter worth approximately $898,855,000. Institutional investors and hedge funds own 84.76% of the company’s stock.
Shares of DXC Technology (NYSE:DXC) traded down $0.56 during mid-day trading on Friday, reaching $95.58. 1,441,200 shares of the company’s stock traded hands, compared to its average volume of 1,925,075. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a 12-month low of $67.76 and a 12-month high of $99.44. The firm has a market cap of $27,265.98, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.23 and a beta of 1.04.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.40. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. DXC Technology’s revenue was up 229.4% compared to the same quarter last year. equities analysts expect that DXC Technology will post 7.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.75%. DXC Technology’s dividend payout ratio (DPR) is currently 122.03%.
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DXC Technology 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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