DXC Technology Company. (DXC) Stock Rating Reaffirmed by Stifel Nicolaus

DXC Technology Company. (NYSE:DXC)‘s stock had its “hold” rating restated by research analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They currently have a $86.00 target price on the stock. Stifel Nicolaus’ price target indicates a potential upside of 4.81% from the stock’s current price.

Several other equities research analysts also recently issued reports on DXC. BMO Capital Markets restated an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of DXC Technology Company. in a research note on Wednesday. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research note on Tuesday, June 6th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $75.00 target price on shares of DXC Technology Company. in a research report on Friday, May 26th. KeyCorp raised DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price for the company in a research report on Friday, July 21st. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $90.00 target price on shares of DXC Technology Company. in a research report on Thursday, May 25th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $87.33.

DXC Technology Company. (NYSE DXC) opened at 82.05 on Thursday. The firm has a market capitalization of $23.29 billion, a PE ratio of 258.83 and a beta of 1.11. The stock’s 50 day moving average is $78.64 and its 200-day moving average is $74.17. DXC Technology Company. has a 52-week low of $45.37 and a 52-week high of $84.50.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 14.82%. Equities analysts expect that DXC Technology Company. will post $6.79 earnings per share for the current year.

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In other DXC Technology Company. news, CFO Paul N. Saleh sold 59,824 shares of DXC Technology Company. stock in a transaction on Monday, July 17th. The stock was sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the completion of the transaction, the chief financial officer now directly owns 196,113 shares of the company’s stock, valued at $15,312,503.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. stock in a transaction on Friday, June 16th. The shares were sold at an average price of $74.82, for a total value of $377,990.64. Following the transaction, the executive vice president now directly owns 2,574 shares of the company’s stock, valued at $192,586.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 292,396 shares of company stock valued at $23,335,020. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DXC. Creative Planning bought a new position in shares of DXC Technology Company. during the second quarter worth about $850,000. Grassi Investment Management acquired a new position in DXC Technology Company. during the second quarter worth about $203,000. Spirit of America Management Corp NY acquired a new position in DXC Technology Company. during the second quarter worth about $271,000. NN Investment Partners Holdings N.V. acquired a new position in DXC Technology Company. during the second quarter worth about $2,063,000. Finally, Regentatlantic Capital LLC acquired a new position in DXC Technology Company. during the second quarter worth about $4,434,000. 51.07% of the stock is owned by institutional investors.

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

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