DXC Technology Co (NYSE:DXC) has received an average rating of “Buy” from the twenty ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $105.38.
DXC has been the subject of a number of recent analyst reports. ValuEngine cut DXC Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 3rd. JPMorgan Chase & Co. raised their price target on DXC Technology to $114.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. Citigroup raised their price target on DXC Technology to $126.00 and gave the company a “top pick” rating in a report on Thursday, April 12th. Berenberg Bank initiated coverage on DXC Technology in a report on Wednesday, April 18th. They set a “hold” rating and a $100.00 price target for the company. Finally, KeyCorp raised their price target on DXC Technology from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, May 21st.
Get DXC Technology alerts:In other news, EVP William L. Deckelman, Jr. sold 2,886 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total value of $291,312.84. Following the transaction, the executive vice president now directly owns 13,082 shares in the company, valued at approximately $1,320,497.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John M. Lawrie sold 5,000 shares of the firm’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $103.04, for a total value of $515,200.00. The disclosure for this sale can be found here. Insiders sold a total of 12,886 shares of company stock worth $1,319,913 over the last quarter. Corporate insiders own 0.65% of the company’s stock.
Several large investors have recently bought and sold shares of DXC. Thrivent Financial For Lutherans grew its holdings in DXC Technology by 5,865.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 11,573 shares of the company’s stock worth $1,098,000 after purchasing an additional 11,379 shares during the period. Advisor Group Inc. boosted its holdings in shares of DXC Technology by 8.3% during the fourth quarter. Advisor Group Inc. now owns 16,367 shares of the company’s stock worth $1,553,000 after acquiring an additional 1,252 shares during the period. Two Sigma Securities LLC bought a new stake in shares of DXC Technology during the fourth quarter worth approximately $225,000. Elkfork Partners LLC bought a new stake in shares of DXC Technology during the fourth quarter worth approximately $11,044,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of DXC Technology by 52.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,678 shares of the company’s stock worth $1,109,000 after acquiring an additional 4,019 shares during the period. Institutional investors and hedge funds own 83.90% of the company’s stock.
Shares of DXC Technology traded down $0.13, reaching $87.04, during mid-day trading on Friday, according to Marketbeat. The company had a trading volume of 1,795,416 shares, compared to its average volume of 2,295,647. DXC Technology has a twelve month low of $77.26 and a twelve month high of $107.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46. The stock has a market cap of $24.72 billion, a PE ratio of 10.96, a PEG ratio of 1.35 and a beta of 0.91.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, May 24th. The company reported $2.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.06. DXC Technology had a return on equity of 17.74% and a net margin of 7.13%. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology’s quarterly revenue was up 233.2% compared to the same quarter last year. sell-side analysts forecast that DXC Technology will post 8.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 17th. Shareholders of record on Wednesday, June 6th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.87%. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, June 5th. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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