DXC Technology Company. (NYSE:DXC) had its price objective increased by Citigroup Inc. to $107.00 in a research report sent to investors on Wednesday, November 8th, The Fly reports.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of DXC Technology Company. from a hold rating to a sell rating in a report on Thursday, July 27th. BMO Capital Markets lifted their price objective on shares of DXC Technology Company. from $94.00 to $100.00 and gave the company an outperform rating in a report on Friday, September 15th. KeyCorp upgraded shares of DXC Technology Company. from a sector weight rating to an overweight rating and set a $93.00 price target on the stock in a report on Friday, July 21st. Bank of America Corporation initiated coverage on shares of DXC Technology Company. in a report on Tuesday, September 12th. They set a buy rating and a $101.00 price target on the stock. Finally, Barclays PLC boosted their price target on shares of DXC Technology Company. from $90.00 to $100.00 and gave the stock an overweight rating in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology Company. has a consensus rating of Buy and an average price target of $99.59.
Shares of DXC Technology Company. (NYSE DXC) traded up $1.01 during midday trading on Wednesday, reaching $97.91. 977,300 shares of the company were exchanged, compared to its average volume of 1,947,132. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $27,930.00 and a P/E ratio of 17.68. DXC Technology Company. has a fifty-two week low of $67.76 and a fifty-two week high of $99.00.
DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The firm’s revenue was up 229.4% compared to the same quarter last year. analysts anticipate that DXC Technology Company. will post 7.39 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 5th.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in DXC Technology Company. in the 2nd quarter worth approximately $101,000. Hanson McClain Inc. purchased a new position in DXC Technology Company. in the 2nd quarter worth approximately $105,000. Pinebridge Investments L.P. purchased a new position in DXC Technology Company. in the 2nd quarter worth approximately $106,000. Cribstone Capital Management LLC grew its stake in DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after buying an additional 63 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in DXC Technology Company. in the 2nd quarter worth approximately $109,000. 83.08% of the stock is owned by institutional investors and hedge funds.
About DXC Technology Company.
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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