DXC Technology Company. (NYSE:DXC) had its price objective hoisted by Barclays PLC from $100.00 to $108.00 in a report released on Wednesday, November 8th. Barclays PLC currently has an overweight rating on the stock.
DXC has been the subject of a number of other reports. Stifel Nicolaus restated a hold rating and set a $86.00 target price on shares of DXC Technology in a report on Thursday, August 10th. BMO Capital Markets upped their price target on shares of DXC Technology from $105.00 to $110.00 and gave the company an outperform rating in a research report on Wednesday, November 8th. Cowen Inc restated a hold rating and issued a $77.00 price target on shares of DXC Technology in a research report on Thursday, August 10th. TheStreet upgraded shares of DXC Technology from a c rating to a b rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of DXC Technology from a hold rating to a buy rating and set a $99.00 price target for the company in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $99.88.
DXC Technology (NYSE DXC) traded down $0.22 during trading on Wednesday, hitting $97.54. 1,239,717 shares of the stock traded hands, compared to its average volume of 1,923,340. The company has a market capitalization of $27,890.00 and a PE ratio of 17.84. DXC Technology has a twelve month low of $67.76 and a twelve month high of $99.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.74%.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jana Partners LLC increased its stake in shares of DXC Technology by 45.1% during the 3rd quarter. Jana Partners LLC now owns 2,085,092 shares of the company’s stock worth $179,068,000 after purchasing an additional 647,853 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of DXC Technology by 57.3% during the 3rd quarter. GSA Capital Partners LLP now owns 11,405 shares of the company’s stock worth $979,000 after purchasing an additional 4,154 shares during the last quarter. Davis Selected Advisers increased its stake in shares of DXC Technology by 83.8% during the 3rd quarter. Davis Selected Advisers now owns 11,319 shares of the company’s stock worth $972,000 after purchasing an additional 5,160 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of DXC Technology by 33.9% during the 3rd quarter. Moors & Cabot Inc. now owns 5,920 shares of the company’s stock worth $508,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Cypress Capital Group grew its stake in DXC Technology by 12.4% in the 3rd quarter. Cypress Capital Group now owns 20,854 shares of the company’s stock valued at $1,791,000 after buying an additional 2,300 shares during the last quarter. Institutional investors own 83.08% 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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