DXC Technology Company. (NYSE:DXC) Raised to “B” at TheStreet

DXC Technology Company. (NYSE:DXC) was upgraded by analysts at TheStreet from a “c” rating to a “b” rating in a report issued on Tuesday.

Other analysts have also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of DXC Technology Company. in a research note on Monday, April 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of DXC Technology Company. in a report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) upgraded shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $85.00 to $90.00 in a report on Tuesday, May 9th. Zacks Investment Research lowered shares of DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Stifel Nicolaus began coverage on shares of DXC Technology Company. in a report on Tuesday, May 30th. They issued a “hold” rating and a $86.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $87.91.

DXC Technology Company. (NYSE DXC) opened at 82.98 on Tuesday. The company has a 50 day moving average of $78.35 and a 200-day moving average of $73.95. DXC Technology Company. has a one year low of $45.37 and a one year high of $84.50. The company’s market cap is $11.72 billion.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 36.87%. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. On average, equities analysts expect that DXC Technology Company. will post $6.72 earnings per share for the current fiscal year.

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In other DXC Technology Company. news, EVP Michael G. Nefkens sold 128,328 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.03, for a total value of $10,270,089.84. Following the sale, the executive vice president now directly owns 25,447 shares of the company’s stock, valued at approximately $2,036,523.41. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael G. Nefkens sold 50,132 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $80.04, for a total transaction of $4,012,565.28. Following the completion of the sale, the executive vice president now directly owns 9,961 shares in the company, valued at $797,278.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,936 shares of company stock worth $19,995,452. 1.30% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in DXC. Cribstone Capital Management LLC purchased a new stake in shares of DXC Technology Company. during the first quarter worth approximately $102,000. Hanson McClain Inc. bought a new position in DXC Technology Company. during the second quarter worth approximately $105,000. Oppenheimer Asset Management Inc. bought a new position in DXC Technology Company. during the second quarter worth approximately $109,000. Westside Investment Management Inc. bought a new position in DXC Technology Company. during the first quarter worth approximately $105,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in DXC Technology Company. during the second quarter worth approximately $128,000. 51.07% of the stock is currently owned by institutional investors.

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

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