DXC Technology Co (NYSE:DXC) has earned an average rating of “Buy” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $103.00.
Several equities research analysts recently commented on DXC shares. Moffett Nathanson started coverage on DXC Technology in a report on Thursday, October 4th. They set a “buy” rating and a $95.00 target price on the stock. Cantor Fitzgerald dropped their target price on DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th. Zacks Investment Research downgraded DXC Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Wolfe Research started coverage on DXC Technology in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $103.00 target price on shares of DXC Technology in a report on Wednesday, August 8th.
DXC Technology stock opened at $69.54 on Tuesday. The stock has a market capitalization of $20.56 billion, a PE ratio of 8.76, a PEG ratio of 1.24 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. DXC Technology has a 12 month low of $68.59 and a 12 month high of $107.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.76 dividend on an annualized basis and a yield of 1.09%. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
In other DXC Technology news, EVP William L. Deckelman, Jr. sold 2,394 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $90.02, for a total transaction of $215,507.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Lawrie sold 55,549 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $89.82, for a total value of $4,989,411.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,527 shares of company stock valued at $18,989,941. 0.65% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of DXC. Summit Trail Advisors LLC grew its position in shares of DXC Technology by 10,385.3% in the 1st quarter. Summit Trail Advisors LLC now owns 103,595 shares of the company’s stock worth $104,000 after acquiring an additional 102,607 shares in the last quarter. ELM Advisors LLC acquired a new position in shares of DXC Technology in the 3rd quarter worth approximately $105,000. Truvestments Capital LLC acquired a new position in shares of DXC Technology in the 3rd quarter worth approximately $117,000. Fort L.P. acquired a new position in shares of DXC Technology in the 2nd quarter worth approximately $120,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of DXC Technology by 17,477.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock worth $128,000 after acquiring an additional 1,573 shares in the last quarter. Institutional investors own 85.18% 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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