DXC Technology (NYSE:DXC)‘s stock had its “neutral” rating restated by Cantor Fitzgerald in a research note issued on Friday. They presently have a $97.00 price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 2.96% from the company’s previous close.
A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp boosted their price target on shares of DXC Technology from $116.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, May 21st. Berenberg Bank assumed coverage on shares of DXC Technology in a research report on Wednesday, April 18th. They set a “hold” rating and a $100.00 price target for the company. Citigroup boosted their price target on shares of DXC Technology to $126.00 and gave the company a “top pick” rating in a research report on Thursday, April 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DXC Technology to $114.00 and gave the company an “overweight” rating in a research report on Thursday, April 5th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and an average target price of $107.00.
DXC Technology opened at $94.21 on Friday, according to Marketbeat Ratings. The firm has a market cap of $28.48 billion, a PE ratio of 11.87, a PEG ratio of 1.06 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a one year low of $73.51 and a one year high of $107.85.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, May 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.12 billion. DXC Technology had a net margin of 7.13% and a return on equity of 18.14%. DXC Technology’s revenue for the quarter was up 233.2% compared to the same quarter last year. sell-side analysts forecast that DXC Technology will post 8.95 EPS for the current fiscal year.
In other DXC Technology news, insider John M. Lawrie sold 9,900 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 638,610 shares of the company’s stock, valued at $65,361,733.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total transaction of $291,312.84. Following the completion of the sale, the executive vice president now directly owns 13,082 shares of the company’s stock, valued at $1,320,497.08. The disclosure for this sale can be found here. Insiders sold 22,886 shares of company stock valued at $2,343,380 over the last quarter. 1.30% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Eqis Capital Management Inc. bought a new stake in DXC Technology in the fourth quarter worth $1,246,000. Commerzbank Aktiengesellschaft FI lifted its stake in DXC Technology by 10.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 57,334 shares of the company’s stock worth $5,441,000 after purchasing an additional 5,302 shares during the last quarter. Banco de Sabadell S.A bought a new stake in DXC Technology in the fourth quarter worth $1,384,000. Lombard Odier Asset Management Switzerland SA lifted its stake in DXC Technology by 50.9% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 20,128 shares of the company’s stock worth $1,910,000 after purchasing an additional 6,785 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in DXC Technology by 6.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,285 shares of the company’s stock worth $19,387,000 after purchasing an additional 12,990 shares during the last quarter. 83.99% of the stock is owned by institutional investors and hedge funds.
DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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