DXC Technology (NYSE:DXC) gapped down before the market opened on Wednesday . The stock had previously closed at $97.74, but opened at $95.94. DXC Technology shares last traded at $96.82, with a volume of 786569 shares.

Several equities research analysts recently weighed in on DXC shares. Morgan Stanley increased their price target on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday. Barclays increased their price objective on DXC Technology from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Cantor Fitzgerald increased their price objective on DXC Technology from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Citigroup increased their price objective on DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $102.94.

The stock has a market capitalization of $26,220.00 and a PE ratio of 155.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. The business’s quarterly revenue was up 222.7% on a year-over-year basis. research analysts anticipate that DXC Technology will post 7.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Tuesday, December 5th.

Hedge funds have recently made changes to their positions in the company. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of DXC Technology during the fourth quarter valued at $259,000. Ameritas Investment Partners Inc. acquired a new stake in shares of DXC Technology during the second quarter valued at $502,000. Prudential Financial Inc. boosted its stake in shares of DXC Technology by 0.5% during the third quarter. Prudential Financial Inc. now owns 398,426 shares of the company’s stock valued at $34,217,000 after acquiring an additional 1,990 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of DXC Technology by 1.5% during the third quarter. California Public Employees Retirement System now owns 653,530 shares of the company’s stock valued at $56,125,000 after acquiring an additional 9,383 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of DXC Technology during the second quarter valued at $272,000. Institutional investors and hedge funds own 84.73% of the company’s stock.

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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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