DXC Technology (DXC) Given “Buy” Rating at BMO Capital Markets
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of DXC Technology from a buy rating to a hold rating in a research note on Tuesday, October 9th. Moffett Nathanson assumed coverage on shares of DXC Technology in a research report on Thursday, October 4th. They set a buy rating and a $95.00 price objective for the company. Cantor Fitzgerald decreased their price objective on shares of DXC Technology from $97.00 to $87.00 and set a neutral rating for the company in a research report on Thursday, August 9th. Cfra reiterated a buy rating and set a $105.00 price objective on shares of DXC Technology in a research report on Thursday, August 2nd. Finally, ValuEngine upgraded shares of DXC Technology from a sell rating to a hold rating in a research report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $103.13.
Shares of DXC stock traded down $2.82 during trading hours on Wednesday, hitting $73.12. 2,208,631 shares of the company’s stock traded hands, compared to its average volume of 2,312,037. The company has a market capitalization of $20.56 billion, a P/E ratio of 8.82, a PEG ratio of 1.24 and a beta of 0.96. DXC Technology has a 12 month low of $69.51 and a 12 month high of $107.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s payout ratio is 9.57%.
In other DXC Technology news, CEO John M. Lawrie sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $94.15, for a total value of $235,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William L. Deckelman, Jr. sold 8,084 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total transaction of $727,560.00. The disclosure for this sale can be found here. Insiders sold 208,527 shares of company stock valued at $18,989,941 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.
Large investors have recently bought and sold shares of the business. Aperio Group LLC lifted its stake in shares of DXC Technology by 19.1% in the third quarter. Aperio Group LLC now owns 196,646 shares of the company’s stock valued at $18,390,000 after buying an additional 31,535 shares in the last quarter. United Services Automobile Association lifted its stake in shares of DXC Technology by 17.0% in the second quarter. United Services Automobile Association now owns 304,422 shares of the company’s stock valued at $24,540,000 after buying an additional 44,195 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of DXC Technology by 2.3% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 39,621 shares of the company’s stock valued at $3,194,000 after buying an additional 902 shares in the last quarter. Neuburgh Advisers LLC lifted its stake in shares of DXC Technology by 26.7% in the second quarter. Neuburgh Advisers LLC now owns 201,564 shares of the company’s stock valued at $16,248,000 after buying an additional 42,416 shares in the last quarter. Finally, Weitz Investment Management Inc. lifted its stake in shares of DXC Technology by 9.0% in the second quarter. Weitz Investment Management Inc. now owns 487,852 shares of the company’s stock valued at $39,326,000 after buying an additional 40,205 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.
DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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