DXC Technology Company. (DXC) Receives Consensus Rating of “Buy” from Analysts
Shares of DXC Technology Company. (NYSE:DXC) have earned a consensus recommendation of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $99.88.
A number of research firms have issued reports on DXC. Cowen restated a “hold” rating and issued a $77.00 target price on shares of DXC Technology in a report on Thursday, August 10th. TheStreet upgraded shares of DXC Technology from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Cantor Fitzgerald reiterated a “hold” rating and set a $79.00 price objective on shares of DXC Technology in a report on Friday, August 11th. BMO Capital Markets reiterated an “outperform” rating and set a $94.00 price objective (up from $92.00) on shares of DXC Technology in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $86.00 price objective on shares of DXC Technology in a report on Thursday, August 10th.
DXC Technology (NYSE:DXC) traded down $0.56 during trading hours on Friday, reaching $95.58. 1,441,289 shares of the company’s stock were exchanged, compared to its average volume of 1,925,074. The stock has a market cap of $27,430.00 and a price-to-earnings ratio of 17.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00. DXC Technology has a 52 week low of $67.76 and a 52 week high of $99.44.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.75%.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DXC. Advisory Services Network LLC acquired a new stake in DXC Technology during the 2nd quarter worth approximately $101,000. Hanson McClain Inc. acquired a new stake in DXC Technology during the 2nd quarter worth approximately $105,000. Pinebridge Investments L.P. acquired a new stake in DXC Technology during the 2nd quarter worth approximately $106,000. Oppenheimer Asset Management Inc. acquired a new stake in DXC Technology during the 2nd quarter worth approximately $109,000. Finally, Westside Investment Management Inc. increased its position in DXC Technology by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after purchasing an additional 50 shares in the last quarter. 84.75% of the stock is owned by hedge funds and other institutional investors.
About DXC Technology
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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