DXC Technology Company. (NYSE:DXC) – Stock analysts at KeyCorp decreased their Q2 2018 earnings per share (EPS) estimates for shares of DXC Technology Company. in a report released on Sunday. KeyCorp analyst A. Ramnani now anticipates that the company will post earnings of $1.52 per share for the quarter, down from their previous estimate of $1.53. KeyCorp currently has a “Overweight” rating and a $99.00 target price on the stock. KeyCorp also issued estimates for DXC Technology Company.’s Q3 2018 earnings at $1.80 EPS and Q3 2019 earnings at $2.27 EPS.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/11/keycorp-comments-on-dxc-technology-company-s-q2-2018-earnings-dxc.html.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets lifted their price objective on DXC Technology Company. from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Morgan Stanley raised DXC Technology Company. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $85.00 in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research note on Friday, July 7th. Finally, Bank of America Corporation initiated coverage on DXC Technology Company. in a research note on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology Company. currently has an average rating of “Buy” and a consensus target price of $90.93.

Shares of DXC Technology Company. (NYSE DXC) traded down 1.07% on Wednesday, reaching $87.15. 374,816 shares of the company’s stock were exchanged. The firm has a market cap of $24.81 billion, a PE ratio of 274.92 and a beta of 1.04. DXC Technology Company. has a one year low of $64.06 and a one year high of $89.52. The company has a 50 day moving average price of $85.22 and a 200 day moving average price of $79.39.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DXC. Advisory Services Network LLC bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at approximately $101,000. Hanson McClain Inc. bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at approximately $105,000. Pinebridge Investments L.P. bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at approximately $106,000. Cribstone Capital Management LLC increased its position in shares of DXC Technology Company. by 4.7% during 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 last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of DXC Technology Company. during the 2nd quarter valued at approximately $109,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the transaction, the chief financial officer now owns 217,211 shares of the company’s stock, valued at approximately $18,247,896.11. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 40,460 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $82.54, for a total value of $3,339,568.40. Following the transaction, the chief financial officer now directly owns 136,384 shares in the company, valued at approximately $11,257,135.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 359,666 shares of company stock worth $29,091,539. Corporate insiders own 1.30% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is currently -378.95%.

About DXC Technology Company.

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.

Earnings History and Estimates for DXC Technology Company. (NYSE:DXC)

Receive News & Ratings for DXC Technology Company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology Company. and related companies with MarketBeat.com's FREE daily email newsletter.