Shares of DXC Technology (NYSE:DXC) have earned an average rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $102.12.
Several brokerages have commented on DXC. BMO Capital Markets lifted their price objective on shares of DXC Technology from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, October 10th. SunTrust Banks lifted their price objective on shares of DXC Technology to $100.00 and gave the company a “hold” rating in a research note on Monday, November 13th. KeyCorp lifted their price objective on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. Finally, Evercore ISI began coverage on shares of DXC Technology in a research note on Tuesday, October 17th. They set an “outperform” rating and a $115.00 price objective for the company.
Several institutional investors and hedge funds have recently bought and sold shares of DXC. Advisory Services Network LLC acquired a new position in shares of DXC Technology in the 2nd quarter valued at $101,000. Pinebridge Investments L.P. acquired a new position in shares of DXC Technology in the 2nd quarter valued at $106,000. Oppenheimer Asset Management Inc. acquired a new position in shares of DXC Technology in the 2nd quarter valued at $109,000. Westside Investment Management Inc. lifted its stake in shares of DXC Technology by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the period. Finally, Sun Life Financial INC acquired a new position in shares of DXC Technology in the 2nd quarter valued at $159,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.53 by $0.40. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. The firm’s revenue was up 229.4% on a year-over-year basis. sell-side analysts forecast that DXC Technology will post 7.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, December 5th.
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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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