SunTrust Banks, Inc. Boosts DXC Technology Company. (DXC) Price Target to $100.00

DXC Technology Company. (NYSE:DXC) had its price objective boosted by SunTrust Banks, Inc. to $100.00 in a research note published on Monday, The Fly reports. They currently have a hold rating on the stock. SunTrust Banks also issued estimates for DXC Technology Company.’s Q3 2018 earnings at $1.99 EPS, Q4 2018 earnings at $2.05 EPS, FY2018 earnings at $7.56 EPS, Q1 2019 earnings at $1.97 EPS, Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.30 EPS, Q4 2019 earnings at $2.26 EPS and FY2019 earnings at $8.59 EPS.

Several other equities research analysts have also recently commented on DXC. KeyCorp raised shares of DXC Technology Company. from a sector weight rating to an overweight rating and set a $93.00 price target on the stock in a research report on Friday, July 21st. Zacks Investment Research cut shares of DXC Technology Company. from a hold rating to a sell rating in a research report on Thursday, July 27th. BMO Capital Markets reissued an outperform rating and set a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a hold rating and set a $86.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. Finally, TheStreet raised shares of DXC Technology Company. from a c rating to a b rating in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology Company. presently has an average rating of Buy and an average target price of $99.59.

DXC Technology Company. (NYSE:DXC) traded down $0.39 on Monday, reaching $96.93. 530,205 shares of the company traded hands, compared to its average volume of 1,958,577. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology Company. has a 1-year low of $67.76 and a 1-year high of $99.00. The company has a market cap of $27,760.00 and a PE ratio of 17.52.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.53 by $0.40. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology Company.’s revenue for the quarter was up 229.4% compared to the same quarter last year. equities research analysts predict that DXC Technology Company. will post 7.39 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.74%.

In related news, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. acquired a new position in DXC Technology Company. in the 2nd quarter valued at about $30,415,000. Burney Co. acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $1,029,000. Creative Planning acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $850,000. Investec Asset Management PTY Ltd acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $434,000. Finally, State Street Corp acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $898,855,000. Institutional investors and hedge funds own 85.91% of the company’s stock.

About DXC Technology Company.

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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