DXC Technology (NYSE:DXC) had its price target cut by BMO Capital Markets from $117.00 to $113.00 in a research note published on Friday. They currently have an outperform rating on the stock.
DXC has been the subject of several other research reports. Cantor Fitzgerald reaffirmed a neutral rating and issued a $97.00 price target on shares of DXC Technology in a research report on Friday. Deutsche Bank upped their price target on shares of DXC Technology from $90.00 to $100.00 and gave the stock a hold rating in a research report on Friday, February 9th. Berenberg Bank assumed coverage on shares of DXC Technology in a research report on Wednesday, April 18th. They issued a hold rating and a $100.00 price target for the company. SunTrust Banks raised shares of DXC Technology from a hold rating to a buy rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of DXC Technology from a hold rating to a buy rating and set a $109.00 price target for the company in a research report on Tuesday, February 13th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $107.00.
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DXC Technology opened at $94.21 on Friday, Marketbeat reports. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.99. DXC Technology has a 1 year low of $73.51 and a 1 year high of $107.85.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, May 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. DXC Technology’s revenue for the quarter was up 233.2% on a year-over-year basis. research analysts expect that DXC Technology will post 8.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th will be given a dividend of $0.19 per share. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.81%. DXC Technology’s dividend payout ratio is presently 9.07%.
In related news, EVP William L. Deckelman, Jr. sold 2,886 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total transaction of $291,312.84. Following the completion of the sale, the executive vice president now owns 13,082 shares of the company’s stock, valued at $1,320,497.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John M. Lawrie sold 5,000 shares of the stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $103.04, for a total transaction of $515,200.00. The disclosure for this sale can be found here. Insiders have sold 22,886 shares of company stock valued at $2,343,380 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of DXC. Fulton Bank N.A. increased its stake in DXC Technology by 6.6% during the 1st quarter. Fulton Bank N.A. now owns 8,148 shares of the company’s stock valued at $819,000 after purchasing an additional 502 shares in the last quarter. Aperio Group LLC increased its stake in DXC Technology by 0.3% during the 1st quarter. Aperio Group LLC now owns 161,589 shares of the company’s stock valued at $16,245,000 after purchasing an additional 508 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in DXC Technology by 5.4% during the 1st quarter. United Capital Financial Advisers LLC now owns 10,025 shares of the company’s stock valued at $1,008,000 after purchasing an additional 510 shares in the last quarter. Moors & Cabot Inc. increased its stake in DXC Technology by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 6,923 shares of the company’s stock valued at $696,000 after purchasing an additional 535 shares in the last quarter. Finally, First Mercantile Trust Co. increased its stake in DXC Technology by 17.2% during the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock valued at $424,000 after purchasing an additional 656 shares in the last quarter. 83.99% of the stock is owned by institutional investors.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).