Shares of DXC Technology (NYSE:DXC) have earned a consensus rating of “Buy” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $102.12.
Several equities analysts recently weighed in on DXC shares. Barclays increased their price objective on shares of DXC Technology from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. KeyCorp reiterated an “overweight” rating and issued a $99.00 target price (up from $92.00) on shares of DXC Technology in a report on Monday, October 9th. Cantor Fitzgerald increased their target price on shares of DXC Technology from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Citigroup increased their target price on shares of DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Friday, October 20th.
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of DXC Technology during the second quarter worth $101,000. Pinebridge Investments L.P. acquired a new stake in shares of DXC Technology during the second quarter worth $106,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology during the second quarter worth $109,000. Westside Investment Management Inc. raised its holdings in shares of DXC Technology by 3.4% during the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after acquiring an additional 50 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of DXC Technology during the fourth quarter worth $130,000. Institutional investors and hedge funds own 84.75% of the company’s stock.
Shares of DXC Technology (NYSE:DXC) traded up $0.64 during midday trading on Friday, reaching $102.50. 1,185,985 shares of the company traded hands, compared to its average volume of 1,420,000. DXC Technology has a fifty-two week low of $64.06 and a fifty-two week high of $102.95. The firm has a market capitalization of $29,060.00 and a price-to-earnings ratio of 173.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology 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. The firm’s quarterly revenue was up 229.4% compared to the same quarter last year. equities research analysts anticipate that DXC Technology will post 7.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%.
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About DXC Technology
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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