DXC Technology (DXC) Given New $80.00 Price Target at Berenberg Bank

DXC Technology (NYSE:DXC) had its target price decreased by Berenberg Bank to $80.00 in a research report report published on Friday morning, The Fly reports. Berenberg Bank currently has a hold rating on the stock.

DXC has been the subject of a number of other research reports. Zacks Investment Research raised DXC Technology from a hold rating to a buy rating and set a $98.00 price target for the company in a research note on Tuesday, August 21st. Moffett Nathanson started coverage on DXC Technology in a research note on Thursday, October 4th. They issued a buy rating and a $95.00 price target for the company. ValuEngine lowered DXC Technology from a sell rating to a strong sell rating in a research note on Friday, November 2nd. KeyCorp raised their price target on DXC Technology from $109.00 to $111.00 and gave the stock an overweight rating in a research note on Wednesday, August 8th. Finally, BMO Capital Markets dropped their price target on DXC Technology from $110.00 to $95.00 and set an outperform rating for the company in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. DXC Technology has an average rating of Buy and an average price target of $99.87.

Shares of DXC Technology stock traded down $1.26 on Friday, hitting $62.00. The stock had a trading volume of 5,121,701 shares, compared to its average volume of 3,721,672. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 1.04. DXC Technology has a one year low of $60.05 and a one year high of $107.85. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 1.07 and a beta of 1.32.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.06. DXC Technology had a return on equity of 19.07% and a net margin of 8.15%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the firm posted $1.93 earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts forecast that DXC Technology will post 8.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s dividend payout ratio is currently 9.57%.

In other DXC Technology news, CEO John M. Lawrie sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $94.15, for a total transaction of $235,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William L. Deckelman, Jr. sold 2,394 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $90.02, for a total value of $215,507.88. The disclosure for this sale can be found here. Insiders have sold 181,158 shares of company stock valued at $16,526,731 in the last three months. Insiders own 0.65% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DXC. Aperio Group LLC increased its holdings in DXC Technology by 19.1% in the 3rd quarter. Aperio Group LLC now owns 196,646 shares of the company’s stock worth $18,390,000 after buying an additional 31,535 shares in the last quarter. United Services Automobile Association increased its holdings in DXC Technology by 17.0% in the 2nd quarter. United Services Automobile Association now owns 304,422 shares of the company’s stock worth $24,540,000 after buying an additional 44,195 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in DXC Technology by 2.3% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 39,621 shares of the company’s stock worth $3,194,000 after buying an additional 902 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its holdings in DXC Technology by 23.1% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 4,484 shares of the company’s stock worth $419,000 after buying an additional 841 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its holdings in DXC Technology by 26.7% in the 2nd quarter. Neuburgh Advisers LLC now owns 201,564 shares of the company’s stock worth $16,248,000 after buying an additional 42,416 shares in the last quarter. 85.40% of the stock is owned by institutional investors and hedge funds.

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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