DXC Technology Company. (DXC) Earns Buy Rating from Analysts at Bank of America Corporation

Investment analysts at Bank of America Corporation started coverage on shares of DXC Technology Company. (NYSE:DXC) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Several other research firms also recently issued reports on DXC. Cantor Fitzgerald reiterated a “hold” rating and set a $79.00 price target on shares of DXC Technology Company. in a research note on Friday, August 11th. Jefferies Group LLC upped their price target on DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price target on shares of DXC Technology Company. in a research note on Monday, May 15th. Finally, KeyCorp reiterated a “buy” rating and set a $92.00 price target on shares of DXC Technology Company. in a research note on Friday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology Company. presently has a consensus rating of “Buy” and an average target price of $88.23.

Shares of DXC Technology Company. (NYSE DXC) opened at 85.25 on Tuesday. The stock has a market capitalization of $24.27 billion, a P/E ratio of 268.93 and a beta of 1.03. DXC Technology Company. has a one year low of $45.55 and a one year high of $86.08. The company’s 50 day moving average price is $82.35 and its 200 day moving average price is $76.71.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. On average, equities analysts expect that DXC Technology Company. will post $6.81 earnings per share for the current year.

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In related news, EVP Stephen Hilton sold 5,052 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $74.82, for a total transaction of $377,990.64. Following the completion of the sale, the executive vice president now owns 2,574 shares in the company, valued at approximately $192,586.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $78.08, for a total value of $4,671,057.92. Following the sale, the chief financial officer now owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 364,718 shares of company stock valued at $29,469,529. 1.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in DXC Technology Company. in the 2nd quarter valued at approximately $101,000. Hanson McClain Inc. acquired a new position in DXC Technology Company. in the 2nd quarter valued at approximately $105,000. Pinebridge Investments L.P. acquired a new position in DXC Technology Company. in the 2nd quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. acquired a new position in DXC Technology Company. in the 2nd quarter valued at approximately $109,000. Finally, Cribstone Capital Management LLC raised its holdings in DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.

DXC Technology Company. 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.

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

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