DXC Technology Company. (DXC) Receives $89.77 Consensus PT from Analysts

Shares of DXC Technology Company. (NYSE:DXC) have received a consensus rating of “Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $89.77.

Several analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of DXC Technology Company. from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Bank of America Corporation assumed coverage on shares of DXC Technology Company. in a research report on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price target for the company. Jefferies Group LLC upped their price target on shares of DXC Technology Company. from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. KeyCorp reiterated a “buy” rating and issued a $92.00 price target on shares of DXC Technology Company. in a research report on Friday, September 8th. Finally, TheStreet upgraded shares of DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th.

In other news, CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction dated Tuesday, August 15th. The shares were 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 approximately $18,247,896.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of the stock in a transaction dated Monday, July 17th. The shares were 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 owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 359,666 shares of company stock valued at $29,091,539. 1.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in shares of DXC Technology Company. by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares in the last quarter. Cribstone Capital Management LLC increased its holdings in shares of DXC Technology Company. by 4.7% in 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 in the last quarter. Seven Eight Capital LP increased its holdings in shares of DXC Technology Company. by 3.7% in the 2nd quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock valued at $475,000 after purchasing an additional 219 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in shares of DXC Technology Company. by 15.5% in the 2nd quarter. Fox Run Management L.L.C. now owns 4,000 shares of the company’s stock valued at $307,000 after purchasing an additional 537 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of DXC Technology Company. by 31.8% in the 2nd quarter. Private Advisor Group LLC now owns 5,418 shares of the company’s stock valued at $421,000 after purchasing an additional 1,308 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.

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Shares of DXC Technology Company. (DXC) traded up 0.12% on Friday, hitting $84.87. 877,212 shares of the company traded hands. The company has a market capitalization of $24.16 billion, a PE ratio of 267.73 and a beta of 1.03. The stock’s 50-day moving average price is $83.45 and its 200-day moving average price is $77.46. DXC Technology Company. has a 12 month low of $49.80 and a 12 month high of $86.29.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. On average, equities analysts predict that DXC Technology Company. will post $6.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders 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 yield of 0.85%. DXC Technology Company.’s payout ratio is currently -378.95%.

DXC Technology Company. 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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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

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