DXC Technology Company. (NYSE:DXC)‘s stock had its “hold” rating reiterated by investment analysts at Cantor Fitzgerald in a research report issued on Friday. They currently have a $79.00 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential downside of 3.72% from the company’s current price.

The analysts wrote, “Foresi’s Take. DXC reported below-expectation top line results, with declining legacy revenues somewhat offset by continued solid growth in Digital (+13.4%). DXC revenues fell organically by high-single digits, but only by mid- single digits when accounting for a PPA adjustment. Management maintained expectations for FY18, with margins expected to ramp as the fiscal year progresses.””

A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded DXC Technology Company. from a “sell” rating to a “hold” rating in a research 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 research report on Thursday. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday. Stifel Nicolaus restated a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday. Finally, 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 research report on Wednesday. Four investment 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. The company currently has an average rating of “Buy” and an average price target of $87.33.

DXC Technology Company. (NYSE:DXC) traded up 0.96% during mid-day trading on Friday, reaching $82.05. The company’s stock had a trading volume of 1,552,154 shares. The firm’s 50 day moving average price is $78.49 and its 200 day moving average price is $74.00. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 258.83 and a beta of 1.11. DXC Technology Company. has a 12-month low of $45.37 and a 12-month high of $84.50.

DXC Technology Company. (NYSE:DXC) last posted its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. On average, equities analysts predict that DXC Technology Company. will post $6.79 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “DXC Technology Company.’s (DXC) “Hold” Rating Reaffirmed at Cantor Fitzgerald” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/11/dxc-technology-company-s-dxc-hold-rating-reaffirmed-at-cantor-fitzgerald.html.

In related news, EVP Michael G. Nefkens sold 128,328 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.03, for a total value of $10,270,089.84. Following the sale, the executive vice president now owns 25,447 shares in the company, valued at approximately $2,036,523.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the sale, the director now owns 111,229 shares in the company, valued at approximately $8,584,654.22. The disclosure for this sale can be found here. Insiders sold a total of 251,936 shares of company stock worth $19,995,452 in the last quarter. Company insiders own 1.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in DXC Technology Company. by 30,928.2% in the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after buying an additional 20,704,283 shares in the last quarter. BlackRock Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at about $1,368,006,000. Dodge & Cox purchased a new stake in DXC Technology Company. during the second quarter valued at about $1,032,608,000. Boston Partners purchased a new stake in DXC Technology Company. during the second quarter valued at about $932,573,000. Finally, Franklin Resources Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at about $514,971,000. Hedge funds and other institutional investors own 51.07% of the company’s stock.

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

Receive News & Ratings for DXC Technology Company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology Company. and related companies with MarketBeat.com's FREE daily email newsletter.