DXC has been the subject of a number of other reports. Morgan Stanley upgraded DXC Technology Company. from an equal weight rating to an overweight rating and raised their price target for the stock from $68.00 to $85.00 in a research report on Tuesday, July 4th. Jefferies Group LLC raised their price target on DXC Technology Company. from $85.00 to $100.00 and gave the stock a buy rating in a research report on Thursday, August 24th. Zacks Investment Research downgraded DXC Technology Company. from a hold rating to a sell rating in a research report on Thursday, July 27th. Piper Jaffray Companies restated an overweight rating and issued a $90.00 price target on shares of DXC Technology Company. in a research report on Thursday, May 25th. Finally, BMO Capital Markets restated an outperform rating and issued a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $88.23.
DXC Technology Company. (DXC) opened at 84.17 on Friday. The company has a 50 day moving average of $82.28 and a 200 day moving average of $76.58. DXC Technology Company. has a 52 week low of $64.06 and a 52 week high of $86.08. The stock has a market capitalization of $23.96 billion, a P/E ratio of 265.52 and a beta of 1.03.
DXC Technology Company. (NYSE:DXC) last posted its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. Equities analysts expect that DXC Technology Company. will post $6.81 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.86%. DXC Technology Company.’s payout ratio is -378.95%.
In other DXC Technology Company. news, EVP Stephen Hilton sold 5,052 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $74.82, for a total value of $377,990.64. Following the sale, the executive vice president now owns 2,574 shares in the company, valued at $192,586.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total value of $6,798,257.22. Following the completion of the sale, the chief financial officer now owns 217,211 shares in the company, valued at approximately $18,247,896.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 364,718 shares of company stock worth $29,469,529. Insiders own 1.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in DXC Technology Company. in the second quarter worth $850,000. Prudential Financial Inc. purchased a new stake in DXC Technology Company. in the second quarter worth $30,415,000. Grassi Investment Management purchased a new stake in DXC Technology Company. in the second quarter worth $203,000. Spirit of America Management Corp NY purchased a new stake in DXC Technology Company. in the second quarter worth $271,000. Finally, National Pension Service purchased a new stake in DXC Technology Company. in the second quarter worth $10,005,000. Institutional investors and hedge funds own 85.05% of the company’s stock.
DXC Technology Company. 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.
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