Media headlines about DXC Technology (NYSE:DXC) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. DXC Technology earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.6369260682075 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Selling beyond the CIO – How partners can influence new tech buyers (arnnet.com.au)
- Financial Contrast: DXC Technology (DXC) and Its Peers (americanbankingnews.com)
- DXC Technology (DXC) vs. Its Competitors Critical Comparison (americanbankingnews.com)
- CHEVY INDYCAR AT LONG BEACH: Will Power puts Chevrolet on Front Row for Long Beach Grand Prix (speedwaymedia.com)
- Four Award Nominations in One Week for 360Globalnet Digital Claims Technology (prnewswire.co.uk)
DXC traded up $0.30 on Tuesday, hitting $104.31. The company’s stock had a trading volume of 2,197,230 shares, compared to its average volume of 1,767,821. The company has a market cap of $29,448.71, a PE ratio of 33.65, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. DXC Technology has a 12 month low of $73.51 and a 12 month high of $107.85. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The firm’s revenue for the quarter was up 222.7% on a year-over-year basis. research analysts forecast that DXC Technology will post 7.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Wednesday, March 28th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, March 27th. DXC Technology’s dividend payout ratio (DPR) is presently 23.23%.
Several research firms have commented on DXC. Citigroup increased their price objective on shares of DXC Technology to $126.00 and gave the company a “top pick” rating in a research note on Thursday, April 12th. ValuEngine downgraded shares of DXC Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. JPMorgan Chase increased their target price on shares of DXC Technology to $114.00 and gave the company an “overweight” rating in a research report on Thursday, April 5th. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. Finally, Cowen reissued a “hold” rating and set a $96.00 target price on shares of DXC Technology in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. DXC Technology currently has an average rating of “Buy” and an average target price of $105.17.
In related news, insider John M. Lawrie sold 9,900 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $102.35, for a total value of $1,013,265.00. Following the completion of the transaction, the insider now directly owns 638,610 shares of the company’s stock, valued at approximately $65,361,733.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.
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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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