DXC Technology Company. (NYSE:DXC) had its price target raised by Stifel Nicolaus from $86.00 to $100.00 in a report published on Wednesday morning, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the stock.
A number of other brokerages have also commented on DXC. Royal Bank of Canada raised their price target on DXC Technology Company. from $87.00 to $99.00 and gave the company an outperform rating in a report on Wednesday. Citigroup Inc. raised their price target on DXC Technology Company. to $107.00 in a report on Wednesday. Cantor Fitzgerald reissued a hold rating and set a $93.00 price target on shares of DXC Technology Company. in a report on Wednesday. Morgan Stanley reissued an overweight rating and set a $104.00 price target (up from $86.00) on shares of DXC Technology Company. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Evercore ISI assumed coverage on DXC Technology Company. in a report on Tuesday, October 17th. They set an outperform rating and a $115.00 price target on the stock. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. DXC Technology Company. currently has an average rating of Buy and a consensus target price of $99.56.
Shares of DXC Technology Company. (NYSE DXC) traded up $1.31 on Wednesday, hitting $95.94. The stock had a trading volume of 1,290,200 shares, compared to its average volume of 1,973,176. The firm 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 debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.18. DXC Technology Company. has a 52 week low of $67.76 and a 52 week high of $99.00.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.40. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The firm’s revenue for the quarter was up 229.4% compared to the same quarter last year. research analysts expect that DXC Technology Company. will post 7.1 earnings per share for the current fiscal year.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $18,247,896.11. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DXC. Advisory Services Network LLC acquired a new position in shares of DXC Technology Company. in the 2nd quarter valued at $101,000. Hanson McClain Inc. acquired a new position in shares of DXC Technology Company. in the 2nd quarter valued at $105,000. Pinebridge Investments L.P. acquired a new position in shares of DXC Technology Company. in the 2nd quarter valued at $106,000. Cribstone Capital Management LLC boosted its position 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 during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of DXC Technology Company. in the 2nd quarter valued at $109,000. Institutional investors and hedge funds own 85.82% of the company’s stock.
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.
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