Media coverage about DXC Technology (NYSE:DXC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. DXC Technology earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.5994643409023 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
A number of analysts have issued reports on the company. ValuEngine downgraded DXC Technology from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley decreased their target price on DXC Technology from $114.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, June 1st. Zacks Investment Research downgraded DXC Technology from a “hold” rating to a “sell” rating in a research report on Thursday, May 31st. SunTrust Banks reduced their price target on DXC Technology from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, May 30th. Finally, JPMorgan Chase & Co. reduced their price target on DXC Technology from $114.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, May 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $105.59.
Shares of NYSE DXC opened at $78.61 on Thursday. The firm has a market capitalization of $22.45 billion, a PE ratio of 9.90, a P/E/G ratio of 0.93 and a beta of 0.92. DXC Technology has a fifty-two week low of $75.64 and a fifty-two week high of $107.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.98.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 24th. The company reported $2.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.06. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology had a return on equity of 17.74% and a net margin of 7.13%. DXC Technology’s revenue for the quarter was up 233.2% on a year-over-year basis. equities research analysts predict that DXC Technology will post 8.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th will be paid a dividend of $0.19 per share. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, June 5th. This represents a $0.76 annualized dividend and a yield of 0.97%. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.
In related news, insider John M. Lawrie sold 9,900 shares of DXC Technology 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 of the company’s stock, valued at $65,361,733.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction on Friday, April 27th. The shares were sold at an average price of $103.04, for a total value of $515,200.00. The disclosure for this sale can be found here. Insiders have sold 22,786 shares of company stock valued at $2,333,178 in the last three months. 1.30% of the stock is owned by corporate insiders.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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