Cantor Fitzgerald reiterated their hold rating on shares of DXC Technology Company. (NYSE:DXC) in a research note published on Wednesday morning. The brokerage currently has a $93.00 price target on the stock.
“Foresi’s Take. DXC reported above-expectation top line results, with declining legacy revenues somewhat offset by continued solid growth in Digital (+23%). DXC revenues fell organically and adjusted by low-single digits. DXC raised FY18 EPS guidance to account for the benefit from the lease reclassification. Management maintained revenue expectations for FY18. We will further evaluate the risk/reward as we get more information regarding progress on the merger and divestiture.”,” the firm’s analyst commented.
A number of other equities analysts have also commented on DXC. Royal Bank of Canada raised their price target on shares of DXC Technology Company. from $87.00 to $99.00 and gave the stock an outperform rating in a research report on Wednesday. Cowen and Company reaffirmed a hold rating and set a $77.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet raised shares of DXC Technology Company. from a c rating to a b rating in a research report on Tuesday, August 8th. BMO Capital Markets reaffirmed an outperform rating and set a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $86.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $99.56.
DXC Technology Company. (DXC) traded up $1.31 during trading hours on Wednesday, reaching $95.94. 1,290,200 shares of the company were exchanged, compared to its average volume of 1,973,176. DXC Technology Company. has a 1-year low of $67.76 and a 1-year high of $99.00. The company has a market capitalization of $26,994.98, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51.
DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology Company.’s quarterly revenue was up 229.4% on a year-over-year basis. analysts anticipate that DXC Technology Company. will post 7.1 EPS for the current fiscal year.
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In other DXC Technology Company. 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 transaction of $6,798,257.22. Following the sale, the chief financial officer now directly owns 217,211 shares in the company, valued at $18,247,896.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in DXC Technology Company. during the second quarter worth about $101,000. Hanson McClain Inc. acquired a new stake in shares of DXC Technology Company. in the 2nd quarter valued at approximately $105,000. Pinebridge Investments L.P. acquired a new stake in shares of DXC Technology Company. in the 2nd quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology Company. in the 2nd quarter valued at approximately $109,000. Finally, Cribstone Capital Management LLC boosted its stake 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. Hedge funds and other institutional investors own 85.82% of the company’s stock.
About DXC Technology Company.
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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