DXC Technology (NYSE:DXC) had its price objective cut by BMO Capital Markets from $113.00 to $110.00 in a research note issued to investors on Wednesday morning. They currently have an outperform rating on the stock.
Several other research firms have also recently weighed in on DXC. Citigroup upped their price target on shares of DXC Technology to $126.00 and gave the stock a top pick rating in a report on Thursday, April 12th. JPMorgan Chase & Co. decreased their price target on shares of DXC Technology from $114.00 to $98.00 and set an overweight rating on the stock in a report on Tuesday, May 29th. Zacks Investment Research cut shares of DXC Technology from a buy rating to a hold rating in a report on Thursday, May 24th. KeyCorp increased their target price on DXC Technology from $116.00 to $122.00 and gave the company an overweight rating in a research note on Monday, May 21st. Finally, ValuEngine cut DXC Technology from a buy rating to a hold rating in a research note on Saturday, May 26th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $104.56.
Shares of DXC Technology stock traded down $1.15 during trading on Wednesday, hitting $86.10. The stock had a trading volume of 1,717,234 shares, compared to its average volume of 1,714,934. The stock has a market cap of $24.53 billion, a P/E ratio of 10.52, a PEG ratio of 1.34 and a beta of 0.89. DXC Technology has a 12 month low of $77.96 and a 12 month high of $107.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.98 and a current ratio of 0.95.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, June 5th. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. DXC Technology’s dividend payout ratio is currently 9.57%.
In other DXC Technology news, CFO Paul N. Saleh sold 19,285 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $90.00, for a total transaction of $1,735,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total transaction of $291,312.84. Following the sale, the executive vice president now owns 13,082 shares of the company’s stock, valued at $1,320,497.08. The disclosure for this sale can be found here. In the last three months, insiders sold 31,981 shares of company stock worth $2,905,962. 0.65% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DXC. Global X Management Co. LLC purchased a new stake in DXC Technology during the first quarter valued at about $343,000. FDx Advisors Inc. boosted its position in DXC Technology by 89.7% during the first quarter. FDx Advisors Inc. now owns 31,542 shares of the company’s stock valued at $3,171,000 after buying an additional 14,919 shares during the period. Grisanti Capital Management LLC boosted its position in DXC Technology by 2.8% during the first quarter. Grisanti Capital Management LLC now owns 108,456 shares of the company’s stock valued at $10,903,000 after buying an additional 2,975 shares during the period. Wells Fargo & Company MN boosted its position in DXC Technology by 11.4% during the first quarter. Wells Fargo & Company MN now owns 726,369 shares of the company’s stock valued at $73,022,000 after buying an additional 74,188 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in DXC Technology by 8.4% during the first quarter. Daiwa Securities Group Inc. now owns 9,473 shares of the company’s stock valued at $952,000 after buying an additional 737 shares during the period. Institutional investors and hedge funds own 83.99% of the company’s stock.
DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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