DXC Technology (DXC) Shares Gap Up on Analyst Upgrade

DXC Technology Co (NYSE:DXC)’s share price gapped up prior to trading on Monday after SunTrust Banks raised their price target on the stock to $72.00. The stock had previously closed at $72.42, but opened at $69.21. SunTrust Banks currently has a hold rating on the stock. DXC Technology shares last traded at $67.99, with a volume of 1157424 shares changing hands.

DXC has been the topic of several other research reports. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a research note on Wednesday, October 24th. ValuEngine lowered DXC Technology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered DXC Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Cantor Fitzgerald reissued a “hold” rating and issued a $70.00 target price on shares of DXC Technology in a research note on Monday, January 7th. Finally, Cowen raised DXC Technology from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. DXC Technology has a consensus rating of “Buy” and an average price target of $91.42.

Large investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in DXC Technology by 19.1% during the third quarter. Aperio Group LLC now owns 196,646 shares of the company’s stock valued at $18,390,000 after purchasing an additional 31,535 shares during the last quarter. Morgan Stanley boosted its position in DXC Technology by 11.2% during the third quarter. Morgan Stanley now owns 689,488 shares of the company’s stock valued at $64,481,000 after purchasing an additional 69,607 shares during the last quarter. Russell Investments Group Ltd. boosted its position in DXC Technology by 327.9% during the third quarter. Russell Investments Group Ltd. now owns 481,952 shares of the company’s stock valued at $45,093,000 after purchasing an additional 369,322 shares during the last quarter. Pendal Group Ltd boosted its position in DXC Technology by 2.0% during the fourth quarter. Pendal Group Ltd now owns 36,057 shares of the company’s stock valued at $1,917,000 after purchasing an additional 705 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in DXC Technology by 9,186.6% during the third quarter. Schroder Investment Management Group now owns 337,752 shares of the company’s stock valued at $31,586,000 after purchasing an additional 334,115 shares during the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.

The stock has a market cap of $19.39 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.28 and a beta of 1.53. The company has a quick ratio of 1.04, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 7th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the firm posted $1.86 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that DXC Technology Co will post 8.2 EPS for the current fiscal year.

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DXC Technology Company Profile (NYSE:DXC)

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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