Berenberg Bank began coverage on shares of DXC Technology (NYSE:DXC) in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $100.00 price target on the stock.
A number of other research firms have also commented on DXC. Morgan Stanley boosted their price objective on DXC Technology from $104.00 to $114.00 and gave the stock an overweight rating in a research note on Monday, February 5th. Citigroup boosted their price objective on DXC Technology to $126.00 and gave the stock a top pick rating in a research note on Thursday, April 12th. ValuEngine lowered DXC Technology from a strong-buy rating to a buy rating in a research note on Tuesday, April 3rd. JPMorgan Chase boosted their price objective on DXC Technology to $114.00 and gave the stock an overweight rating in a research note on Thursday, April 5th. Finally, Zacks Investment Research downgraded DXC Technology from a buy rating to a hold rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. DXC Technology currently has an average rating of Buy and an average price target of $104.89.
DXC Technology stock opened at $103.51 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $29,728.68, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. DXC Technology has a 52 week low of $73.51 and a 52 week high of $107.85.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.16. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The company’s quarterly revenue was up 222.7% on a year-over-year basis. research analysts anticipate that DXC Technology will post 7.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 17th. Stockholders of record on Wednesday, March 28th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%. DXC Technology’s payout ratio is currently 23.23%.
In other news, insider John M. Lawrie sold 9,900 shares of the business’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $102.35, for a total transaction of $1,013,265.00. Following the completion of the sale, the insider now owns 638,610 shares in the company, valued at $65,361,733.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westport Asset Management Inc. increased its holdings in DXC Technology by 28.6% in the fourth quarter. Westport Asset Management Inc. now owns 45,000 shares of the company’s stock valued at $3,865,000 after purchasing an additional 10,000 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in DXC Technology by 13.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 49,183 shares of the company’s stock valued at $4,667,000 after purchasing an additional 5,736 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in DXC Technology by 72.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,028 shares of the company’s stock valued at $19,932,000 after purchasing an additional 88,072 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in 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 valued at $610,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Banco de Sabadell S.A bought a new stake in DXC Technology in the fourth quarter valued at about $1,384,000. Institutional investors and hedge funds own 84.89% 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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