DXC Technology Company. (NYSE:DXC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “DXC Technology reported mixed first-quarter fiscal 2018 results, where in the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. The company also provided a modest guidance for fiscal 2018. The company is a result of merger between CSC and Enterprise Services Division of HPE. We believe that the merger has opened new avenues of growth for the combined company. Going ahead, following the footsteps of Computer Sciences, DXC Technology may be seen making strategic acquisitions to strengthen its portfolio, which should drive growth over the long run. Additionally, the company’s traction in the cloud and partnerships with HCL, AT&T, VMware and Microsoft are expected to drive growth, going forward. Nonetheless, rising interest expenses due to increased debt burden may dampen its profitability. Additionally, a challenging macroeconomic situation and uncertain IT spending environment remain other headwinds.”

Other research analysts have also issued research reports about the company. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a report on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a report on Thursday. Cowen and Company restated a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a report on Thursday. Finally, KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a report on Friday, July 21st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $87.00.

DXC Technology Company. (NYSE DXC) traded down 1.13% during midday trading on Thursday, reaching $82.04. The company’s stock had a trading volume of 847,337 shares. The firm has a 50 day moving average of $78.35 and a 200 day moving average of $73.95. The firm has a market cap of $23.29 billion, a P/E ratio of 258.80 and a beta of 1.11. DXC Technology Company. has a 52-week low of $45.37 and a 52-week high of $84.50.

DXC Technology Company. (NYSE:DXC) last posted its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 36.87% and a net margin of 0.49%. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Analysts anticipate that DXC Technology Company. will post $6.86 earnings per share for the current fiscal year.

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In related news, EVP Michael G. Nefkens sold 50,132 shares of DXC Technology Company. stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.04, for a total transaction of $4,012,565.28. Following the sale, the executive vice president now directly owns 9,961 shares in the company, valued at $797,278.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret C. Whitman sold 8,600 shares of DXC Technology Company. stock in a transaction on Monday, June 5th. The stock was sold at an average price of $77.18, for a total value of $663,748.00. Following the sale, the director now owns 111,229 shares in the company, valued at $8,584,654.22. The disclosure for this sale can be found here. Insiders have sold 251,936 shares of company stock worth $19,995,452 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Cribstone Capital Management LLC acquired a new stake in shares of DXC Technology Company. during the first quarter worth approximately $102,000. Westside Investment Management Inc. acquired a new stake in shares of DXC Technology Company. during the first quarter worth approximately $105,000. Hanson McClain Inc. acquired a new stake in shares of DXC Technology Company. during the second quarter worth approximately $105,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology Company. during the second quarter worth approximately $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of DXC Technology Company. during the second quarter worth approximately $128,000. Institutional investors and hedge funds own 51.07% of the company’s stock.

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

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