DXC Technology Company. (DXC) Earns Overweight Rating from Morgan Stanley

Morgan Stanley restated their overweight rating on shares of DXC Technology Company. (NYSE:DXC) in a research note published on Wednesday. Morgan Stanley currently has a $104.00 price objective on the stock, up from their prior price objective of $86.00. The analysts noted that the move was a valuation call.

DXC has been the topic of a number of other reports. Jefferies Group LLC upped their target price on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a buy rating in a research note on Thursday, August 24th. KeyCorp restated an overweight rating and issued a $99.00 target price (up from $92.00) on shares of DXC Technology Company. in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of DXC Technology Company. from a hold rating to a buy rating and set a $99.00 target price on the stock in a research note on Tuesday, October 10th. Citigroup Inc. upped their target price on shares of DXC Technology Company. from $97.00 to $101.00 and gave the stock a buy rating in a research note on Friday, October 13th. Finally, Royal Bank Of Canada restated a buy rating and issued a $87.00 target price on shares of DXC Technology Company. in a research note on Friday, October 13th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $96.38.

Shares of DXC Technology Company. (DXC) traded up 0.94% during mid-day trading on Wednesday, reaching $91.89. 1,549,360 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $86.61 and a 200 day moving average price of $80.47. DXC Technology Company. has a 12-month low of $51.68 and a 12-month high of $93.40. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 289.87 and a beta of 1.04.

DXC Technology Company. (NYSE:DXC) last issued its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. Analysts anticipate that DXC Technology Company. will post $6.83 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.78%. DXC Technology Company.’s dividend payout ratio is presently -378.95%.

In other news, CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the transaction, the chief financial officer now directly owns 217,211 shares in the company, valued at $18,247,896.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael G. Nefkens sold 128,328 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the transaction, the executive vice president now owns 25,447 shares in the company, valued at $2,036,523.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,050 shares of company stock worth $23,659,195. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $101,000. Hanson McClain Inc. bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $105,000. Pinebridge Investments L.P. bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $109,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of DXC Technology Company. by 4.7% during the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for DXC Technology Company. (NYSE:DXC)

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