DXC Technology Company. (DXC) Given Consensus Recommendation of “Buy” by Brokerages
Shares of DXC Technology Company. (NYSE:DXC) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $89.77.
Several equities research analysts recently issued reports on DXC shares. Barclays PLC started coverage on DXC Technology Company. in a report on Thursday, May 25th. They set an “overweight” rating and a $90.00 price target for the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $90.00 price objective on shares of DXC Technology Company. in a research report on Thursday, May 25th. Cantor Fitzgerald reissued a “hold” rating and issued a $75.00 price objective on shares of DXC Technology Company. in a research report on Friday, May 26th. Stifel Nicolaus began coverage on DXC Technology Company. in a research report on Tuesday, May 30th. They issued a “hold” rating and a $86.00 price objective on the stock. Finally, Zacks Investment Research cut DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 6th.
In other DXC Technology Company. news, CFO Paul N. Saleh sold 40,460 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total value of $3,339,568.40. Following the transaction, the chief financial officer now directly owns 136,384 shares in the company, valued at approximately $11,257,135.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 217,211 shares in the company, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders have sold a total of 359,666 shares of company stock worth $29,091,539 in the last three months. 1.30% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at about $101,000. Hanson McClain Inc. bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at about $105,000. Pinebridge Investments L.P. bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at about $106,000. Oppenheimer Asset Management Inc. bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at about $109,000. Finally, Cribstone Capital Management LLC increased its position in shares of DXC Technology Company. by 4.7% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.
Shares of DXC Technology Company. (DXC) traded down 0.39% during trading on Friday, hitting $85.07. 2,249,700 shares of the stock traded hands. The company has a 50-day moving average of $83.08 and a 200-day moving average of $77.13. DXC Technology Company. has a 52 week low of $64.06 and a 52 week high of $86.29. The firm has a market cap of $24.22 billion, a P/E ratio of 268.36 and a beta of 1.03.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. On average, analysts forecast that DXC Technology Company. will post $6.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.85%. DXC Technology Company.’s dividend payout ratio is presently -378.95%.
About DXC Technology Company.
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.
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.