DXC Technology Company. (DXC) Stock Rating Reaffirmed by Royal Bank Of Canada
DXC Technology Company. (NYSE:DXC)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $87.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential downside of 4.61% from the company’s current price.
Several other equities research analysts have also issued reports on the company. Citigroup Inc. upped their price target on DXC Technology Company. from $97.00 to $101.00 and gave the company a “buy” rating in a research report on Friday. Cantor Fitzgerald upped their price target on DXC Technology Company. from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets upped their price target on DXC Technology Company. from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday. Cowen and Company reissued a “hold” rating and set a $85.00 price target on shares of DXC Technology Company. in a research report on Thursday. Finally, Barclays PLC upped their price target on DXC Technology Company. from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $93.67.
DXC Technology Company. (NYSE:DXC) last announced its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%.
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In other DXC Technology Company. news, CFO Paul N. Saleh sold 80,922 shares of the firm’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 value of $6,798,257.22. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $3,339,568.40. Following the completion of the sale, 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. Insiders sold a total of 359,666 shares of company stock worth $29,091,539 in the last ninety days. Insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in DXC Technology Company. by 30,928.2% in the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after buying an additional 20,704,283 shares during the last quarter. BlackRock Inc. acquired a new stake in DXC Technology Company. in the 2nd quarter valued at approximately $1,368,006,000. Dodge & Cox acquired a new stake in DXC Technology Company. in the 2nd quarter valued at approximately $1,032,608,000. Boston Partners acquired a new stake in DXC Technology Company. in the 2nd quarter valued at approximately $932,573,000. Finally, State Street Corp acquired a new stake in DXC Technology Company. in the 2nd quarter valued at approximately $898,855,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.
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.
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