A number of firms have modified their ratings and price targets on shares of DXC Technology Company. (NYSE: DXC) recently:

  • 10/20/2017 – DXC Technology Company. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “DXC Technology is a result of merger between CSC and Enterprise Services Division of HPE. We believe that the merger has opened new avenues of growth for the combined company. Recently, DXC expanded its ties with VMware. We believe that the partnership will enable DXC to offer an efficient and improved hybrid IT environment to drive performance. Going ahead, following the footsteps of Computer Sciences, DXC Technology may be seen making strategic acquisitions to strengthen its portfolio, which should drive growth over the long run. Notably, the company has outperformed the industry over the past one year. Nonetheless, rising interest expenses due to increased debt burden may dampen its profitability. Additionally, a challenging macroeconomic situation and uncertain IT spending environment remain other headwinds.”
  • 10/18/2017 – DXC Technology Company. had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $104.00 price target on the stock, up previously from $86.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/17/2017 – DXC Technology Company. is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $115.00 price target on the stock.
  • 10/13/2017 – DXC Technology Company. had its price target raised by analysts at Cantor Fitzgerald from $79.00 to $87.00. They now have a “neutral” rating on the stock.
  • 10/13/2017 – DXC Technology Company. had its price target raised by analysts at Citigroup Inc. from $97.00 to $101.00. They now have a “buy” rating on the stock.
  • 10/13/2017 – DXC Technology Company. had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $87.00 price target on the stock.
  • 10/12/2017 – DXC Technology Company. had its price target raised by analysts at Barclays PLC from $90.00 to $100.00. They now have an “overweight” rating on the stock.
  • 10/12/2017 – DXC Technology Company. had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $85.00 price target on the stock.
  • 10/12/2017 – DXC Technology Company. had its price target raised by analysts at BMO Capital Markets from $100.00 to $105.00. They now have an “outperform” rating on the stock.
  • 10/11/2017 – DXC Technology Company. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DXC Technology is a result of merger between CSC and Enterprise Services Division of HPE. We believe that the merger has opened new avenues of growth for the combined company. Recently, DXC expanded its ties with VMware. We believe that the partnership will enable DXC to offer an efficient and improved hybrid IT environment to drive performance. Going ahead, following the footsteps of Computer Sciences, DXC Technology may be seen making strategic acquisitions to strengthen its portfolio, which should drive growth over the long run. Notably, the company has outperformed the industry over the past one year. Nonetheless, rising interest expenses due to increased debt burden may dampen its profitability. Additionally, a challenging macroeconomic situation and uncertain IT spending environment remain other headwinds.”
  • 10/10/2017 – DXC Technology Company. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “DXC Technology is a result of merger between CSC and Enterprise Services Division of HPE. We believe that the merger has opened new avenues of growth for the combined company. Recently, DXC expanded its ties with VMware. We believe that the partnership will enable DXC to offer an efficient and improved hybrid IT environment to drive performance. Going ahead, following the footsteps of Computer Sciences, DXC Technology may be seen making strategic acquisitions to strengthen its portfolio, which should drive growth over the long run. Notably, the company has outperformed the industry over the past one year. Nonetheless, rising interest expenses due to increased debt burden may dampen its profitability. Additionally, a challenging macroeconomic situation and uncertain IT spending environment remain other headwinds.”
  • 10/9/2017 – DXC Technology Company. had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $99.00 price target on the stock, up previously from $92.00.
  • 9/15/2017 – DXC Technology Company. had its price target raised by analysts at BMO Capital Markets from $94.00 to $100.00. They now have an “outperform” rating on the stock.
  • 9/12/2017 – DXC Technology Company. is now covered by analysts at Bank of America Corporation. They set a “buy” rating and a $101.00 price target on the stock.
  • 9/8/2017 – DXC Technology Company. had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $92.00 price target on the stock.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.79%. DXC Technology Company.’s dividend payout ratio is currently -378.95%.

In other news, CFO Paul N. Saleh sold 40,460 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the completion of the transaction, the chief financial officer now directly owns 136,384 shares in the company, valued at $11,257,135.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,722 shares of company stock valued at $13,389,106. Company insiders own 1.30% of the company’s stock.

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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