Citigroup reissued their buy rating on shares of DXC Technology (NYSE:DXC) in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have a $117.00 target price on the stock, up from their previous target price of $107.00.
A number of other brokerages have also recently commented on DXC. KeyCorp boosted their target price on shares of DXC Technology from $107.00 to $116.00 and gave the company an overweight rating in a report on Tuesday, January 9th. Barclays boosted their target price on shares of DXC Technology from $108.00 to $113.00 and gave the company an overweight rating in a report on Tuesday, November 21st. BMO Capital Markets boosted their target price on shares of DXC Technology from $105.00 to $110.00 and gave the company an outperform rating in a report on Wednesday, November 8th. SunTrust Banks boosted their target price on shares of DXC Technology to $100.00 and gave the company a hold rating in a report on Monday, November 13th. Finally, Cowen restated a hold rating and set a $96.00 target price on shares of DXC Technology in a report on Wednesday, January 3rd. 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. DXC Technology has an average rating of Buy and a consensus target price of $102.12.
Shares of DXC Technology (NYSE DXC) traded up $0.50 during mid-day trading on Thursday, hitting $100.98. 1,929,337 shares of the stock were exchanged, compared to its average volume of 1,101,635. DXC Technology has a 1 year low of $64.06 and a 1 year high of $102.95. The company has a market cap of $28,806.47, a PE ratio of 171.15, a PEG ratio of 1.28 and a beta of 1.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.
DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.07 billion. The business’s revenue for the quarter was up 229.4% on a year-over-year basis. equities research analysts expect that DXC Technology will post 7.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, December 5th. DXC Technology’s dividend payout ratio is presently 122.03%.
Several institutional investors and hedge funds have recently bought and sold shares of DXC. Advisory Services Network LLC purchased a new position in shares of DXC Technology in the 2nd quarter worth about $101,000. Pinebridge Investments L.P. purchased a new position in DXC Technology in the 2nd quarter worth about $106,000. Oppenheimer Asset Management Inc. purchased a new position in DXC Technology in the 2nd quarter worth about $109,000. Westside Investment Management Inc. raised its position in DXC Technology by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after buying an additional 50 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in DXC Technology in the 2nd quarter worth about $147,000. 84.68% of the stock is owned by hedge funds and other institutional investors.
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 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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