DXC Technology (NYSE:DXC) PT Raised to $116.00 at KeyCorp

DXC Technology (NYSE:DXC) had its price target hoisted by KeyCorp from $107.00 to $116.00 in a research note issued to investors on Tuesday, January 9th, MarketBeat reports. KeyCorp currently has an overweight rating on the stock. KeyCorp also issued estimates for DXC Technology’s Q3 2018 earnings at $1.99 EPS, Q4 2018 earnings at $2.04 EPS and FY2018 earnings at $7.55 EPS.

Other analysts have also issued reports about the stock. Citigroup raised their price objective on shares of DXC Technology to $107.00 in a research note on Wednesday, November 8th. Royal Bank of Canada reiterated a buy rating and issued a $87.00 price target on shares of DXC Technology in a research note on Friday, October 13th. 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 note on Tuesday, October 10th. Bank of America started coverage on shares of DXC Technology in a research note on Tuesday, September 12th. They issued a buy rating and a $101.00 price target for the company. Finally, Cowen reissued a hold rating and issued a $85.00 price objective on shares of DXC Technology in a report on Thursday, October 12th. 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 company. DXC Technology has an average rating of Buy and a consensus price target of $101.53.

Shares of DXC Technology (NYSE DXC) opened at $101.29 on Tuesday. DXC Technology has a 12-month low of $67.76 and a 12-month high of $102.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market cap of $28,890.00 and a price-to-earnings ratio of 171.68.

DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The firm’s quarterly revenue was up 229.4% on a year-over-year basis. equities research analysts expect that DXC Technology will post 7.52 earnings per share for the current fiscal year.

The company 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 dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, December 5th.

A number of hedge funds have recently bought and sold shares of DXC. Advisory Services Network LLC purchased a new stake in DXC Technology in the second quarter worth about $101,000. Pinebridge Investments L.P. purchased a new stake in shares of DXC Technology during the second quarter valued at about $106,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of DXC Technology during the second quarter valued at about $109,000. Westside Investment Management Inc. increased its holdings in shares of DXC Technology by 3.4% during the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after acquiring an additional 50 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of DXC Technology during the second quarter valued at about $147,000. Institutional investors and hedge funds own 84.68% of the company’s stock.

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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

Analyst Recommendations for DXC Technology (NYSE:DXC)

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