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.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2019/02/11/dxc-technology-dxc-shares-gap-up-on-analyst-upgrade.html.
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).
Further Reading: Why do companies issue convertible shares?
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.