DXC Technology (DXC) Given Consensus Recommendation of “Buy” by Analysts
DXC Technology (NYSE:DXC) has been given a consensus recommendation of “Buy” by the eighteen analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $99.88.
DXC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday, October 10th. KeyCorp restated an “overweight” rating and issued a $99.00 price objective (up from $92.00) on shares of DXC Technology in a research report on Monday, October 9th. Citigroup increased their price target on shares of DXC Technology from $97.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target (up from $86.00) on shares of DXC Technology in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a “buy” rating and issued a $87.00 target price on shares of DXC Technology in a report on Friday, October 13th.
Shares of DXC Technology (NYSE DXC) traded up $0.01 during trading hours on Tuesday, hitting $95.90. 409,194 shares of the company were exchanged, compared to its average volume of 1,880,666. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27,350.00 and a P/E ratio of 162.53. DXC Technology has a 52 week low of $67.76 and a 52 week high of $99.44.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. DXC Technology’s revenue for the quarter was up 229.4% on a year-over-year basis. analysts predict that DXC Technology will post 7.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 5th.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of DXC Technology in the 2nd quarter valued at about $101,000. Pinebridge Investments L.P. purchased a new stake in DXC Technology during the 2nd quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. purchased a new stake in DXC Technology during the 2nd quarter valued at approximately $109,000. Westside Investment Management Inc. raised its stake in DXC Technology by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after acquiring an additional 50 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in DXC Technology during the 2nd quarter valued at approximately $128,000. 84.66% of the stock is owned by institutional investors.
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About DXC Technology
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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