DXC Technology (NYSE:DXC) had its price objective hoisted by JPMorgan Chase to $114.00 in a report published on Thursday. They currently have an overweight rating on the stock.
Several other equities analysts also recently commented on DXC. Zacks Investment Research downgraded DXC Technology from a buy rating to a hold rating in a research report on Friday, February 2nd. Morgan Stanley boosted their price objective on DXC Technology from $104.00 to $114.00 and gave the company an overweight rating in a research report on Monday, February 5th. KeyCorp boosted their price objective on DXC Technology from $107.00 to $116.00 and gave the company an overweight rating in a research report on Tuesday, January 9th. SunTrust Banks upgraded DXC Technology from a hold rating to a buy rating in a research report on Wednesday, January 31st. Finally, Deutsche Bank boosted their price objective on DXC Technology from $90.00 to $100.00 and gave the company a hold rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $104.67.
NYSE:DXC opened at $99.76 on Thursday. DXC Technology has a 52-week low of $73.51 and a 52-week high of $107.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $28,500.23, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.05 and a beta of 0.92.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.16. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.19 billion. The company’s quarterly revenue was up 222.7% compared to the same quarter last year. equities research analysts predict that DXC Technology will post 7.86 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Wednesday, March 28th will be given a $0.18 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.72%. DXC Technology’s dividend payout ratio is currently 23.23%.
Several large investors have recently bought and sold shares of the stock. Westport Asset Management Inc. lifted its position in shares of DXC Technology by 28.6% in the fourth quarter. Westport Asset Management Inc. now owns 45,000 shares of the company’s stock worth $3,865,000 after buying an additional 10,000 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of DXC Technology by 13.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 49,183 shares of the company’s stock worth $4,667,000 after buying an additional 5,736 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of DXC Technology by 72.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,028 shares of the company’s stock worth $19,932,000 after buying an additional 88,072 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of DXC Technology by 30.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,424 shares of the company’s stock worth $610,000 after buying an additional 1,500 shares in the last quarter. Finally, Banco de Sabadell S.A purchased a new stake in shares of DXC Technology in the fourth quarter worth about $1,384,000. Institutional investors own 84.87% of the company’s stock.
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About DXC Technology
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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