DXC Technology Company. (NYSE:DXC) has been given an average recommendation of “Buy” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $92.08.

Several research firms have recently issued reports on DXC. Cowen and Company restated a “hold” rating and set a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. TheStreet upgraded shares of DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $94.00 price objective (up previously from $92.00) on shares of DXC Technology Company. in a report on Wednesday, August 9th. Cantor Fitzgerald restated a “hold” rating and set a $79.00 price objective on shares of DXC Technology Company. in a report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $86.00 price target on shares of DXC Technology Company. in a report on Thursday, August 10th.

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Shares of DXC Technology Company. (DXC) traded up 4.05% during mid-day trading on Thursday, hitting $91.20. 4,302,166 shares of the stock were exchanged. The firm has a market cap of $25.96 billion, a price-to-earnings ratio of 287.70 and a beta of 1.04. The stock has a 50-day moving average price of $85.28 and a 200 day moving average price of $79.45. DXC Technology Company. has a 52-week low of $51.22 and a 52-week high of $93.40.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. On average, equities research analysts expect that DXC Technology Company. will post $6.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th were issued a $0.18 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.79%. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.

In other news, CFO Paul N. Saleh sold 40,460 shares of the firm’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 transaction of $3,339,568.40. Following the sale, the chief financial officer now owns 136,384 shares of the company’s stock, valued at approximately $11,257,135.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the sale, the chief financial officer now directly owns 196,113 shares in the company, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 359,666 shares of company stock worth $29,091,539. 1.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DXC. Advisory Services Network LLC acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $101,000. Hanson McClain Inc. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $105,000. Pinebridge Investments L.P. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $106,000. Cribstone Capital Management LLC grew its stake 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 worth $108,000 after purchasing an additional 63 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $109,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Company. 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.

Analyst Recommendations for DXC Technology Company. (NYSE:DXC)

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