DXC Technology (NYSE:DXC) had its price objective trimmed by BMO Capital Markets from $88.00 to $70.00 in a research note issued to investors on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the stock.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group downgraded shares of DXC Technology from a conviction-buy rating to a buy rating in a research note on Monday, April 22nd. SunTrust Banks upped their target price on shares of DXC Technology to $72.00 and gave the stock a hold rating in a research note on Monday, February 11th. Finally, KeyCorp lowered their price target on shares of DXC Technology from $97.00 to $88.00 and set an overweight rating for the company in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $82.33.
Shares of DXC stock opened at $53.08 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.91 and a beta of 1.51. DXC Technology has a one year low of $49.19 and a one year high of $100.87.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, May 23rd. The company reported $2.19 EPS for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. On average, equities analysts forecast that DXC Technology will post 8.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 4th. This is a boost from DXC Technology’s previous quarterly dividend of $0.19. DXC Technology’s dividend payout ratio is presently 9.57%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Partners LLC lifted its position in shares of DXC Technology by 2.1% in the 1st quarter. Advisor Partners LLC now owns 8,341 shares of the company’s stock worth $536,000 after purchasing an additional 168 shares during the period. Commerce Bank lifted its position in DXC Technology by 1.7% during the first quarter. Commerce Bank now owns 10,287 shares of the company’s stock valued at $661,000 after acquiring an additional 172 shares during the last quarter. SOL Capital Management CO lifted its position in DXC Technology by 2.6% during the fourth quarter. SOL Capital Management CO now owns 6,792 shares of the company’s stock valued at $361,000 after acquiring an additional 174 shares during the last quarter. Whittier Trust Co. lifted its position in DXC Technology by 5.1% during the first quarter. Whittier Trust Co. now owns 3,741 shares of the company’s stock valued at $241,000 after acquiring an additional 182 shares during the last quarter. Finally, Patten Group Inc. lifted its position in DXC Technology by 2.0% during the first quarter. Patten Group Inc. now owns 11,124 shares of the company’s stock valued at $715,000 after acquiring an additional 216 shares during the last quarter. 83.74% 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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