DXC Technology (DXC) PT Lowered to $87.00 at Cantor Fitzgerald

DXC Technology (NYSE:DXC) had its price target lowered by Cantor Fitzgerald from $97.00 to $87.00 in a report issued on Thursday morning. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. SunTrust Banks reduced their price objective on DXC Technology from $115.00 to $105.00 and set a buy rating for the company in a research report on Wednesday, May 30th. Cfra reaffirmed a buy rating and set a $105.00 price objective on shares of DXC Technology in a research report on Thursday, August 2nd. Royal Bank of Canada reaffirmed a buy rating and set a $103.00 price objective on shares of DXC Technology in a research report on Wednesday. Berenberg Bank started coverage on DXC Technology in a research report on Wednesday, April 18th. They set a hold rating and a $100.00 price objective for the company. Finally, Zacks Investment Research cut DXC Technology from a buy rating to a hold rating in a research report on Thursday, May 24th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $104.56.

Shares of DXC Technology traded down $1.15, hitting $86.10, during trading hours on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 1,717,234 shares, compared to its average volume of 1,714,934. DXC Technology has a 12 month low of $77.96 and a 12 month high of $107.85. The company has a market capitalization of $24.53 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.98.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.18. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.32 billion. equities analysts anticipate that DXC Technology will post 8.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 17th. Stockholders of record on Wednesday, June 6th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. DXC Technology’s dividend payout ratio (DPR) is 9.57%.

In other news, EVP Joanne Mason sold 1,726 shares of the stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total transaction of $151,439.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Paul N. Saleh sold 19,285 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total value of $1,735,650.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,981 shares of company stock worth $2,905,962. 0.65% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC bought a new position in shares of DXC Technology during the first quarter worth approximately $137,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of DXC Technology by 17,477.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock worth $128,000 after purchasing an additional 1,573 shares during the period. Cypress Capital Management LLC WY increased its stake in DXC Technology by 1,570.0% during the 1st quarter. Cypress Capital Management LLC WY now owns 1,670 shares of the company’s stock worth $168,000 after acquiring an additional 1,570 shares during the period. Security National Trust Co. bought a new position in DXC Technology during the 2nd quarter worth $161,000. Finally, Coldstream Capital Management Inc. bought a new position in DXC Technology during the 1st quarter worth $212,000. Institutional investors own 83.99% of the company’s stock.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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