DXC Technology (NYSE:DXC) had its price target hoisted by stock analysts at Barclays from $108.00 to $113.00 in a report released on Tuesday, November 21st, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 19.39% from the company’s current price.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered DXC Technology from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets increased their target price on DXC Technology from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Citigroup upped their price target on DXC Technology to $107.00 in a report on Wednesday, November 8th. KeyCorp reiterated a “buy” rating and issued a $92.00 price objective on shares of DXC Technology in a report on Friday, September 8th. Finally, Bank of America began coverage on DXC Technology in a research report on Tuesday, September 12th. They issued a “buy” rating and a $101.00 target price for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and a consensus target price of $99.88.
DXC Technology (NYSE:DXC) traded up $1.27 during trading on Tuesday, hitting $94.65. The stock had a trading volume of 1,516,789 shares, compared to its average volume of 1,913,997. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. DXC Technology has a 1-year low of $67.76 and a 1-year high of $99.44. The stock has a market capitalization of $26,492.91, a PE ratio of 16.95, a PEG ratio of 1.19 and a beta of 1.04.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm 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% compared to the same quarter last year. equities analysts forecast that DXC Technology will post 7.45 EPS for the current fiscal year.
In other news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its holdings in DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after acquiring an additional 50 shares during the last quarter. Seven Eight Capital LP boosted its holdings in DXC Technology by 3.7% in the second quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock valued at $475,000 after acquiring an additional 219 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in shares of DXC Technology by 11.8% during the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after purchasing an additional 535 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of DXC Technology by 1.3% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock worth $4,015,000 after purchasing an additional 600 shares in the last quarter. Finally, Fagan Associates Inc. lifted its stake in shares of DXC Technology by 13.5% during the third quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock worth $535,000 after purchasing an additional 739 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.
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DXC Technology Company Profile
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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