DXC Technology Company. (DXC) Shares Gap Up on Analyst Upgrade

DXC Technology Company. (NYSE:DXC) shares gapped up before the market opened on Thursday after BMO Capital Markets raised their price target on the stock from $100.00 to $105.00. The stock had previously closed at $83.30, but opened at $87.65. BMO Capital Markets currently has an outperform rating on the stock. DXC Technology Company. shares last traded at $91.20, with a volume of 4,315,496 shares traded.

Several other brokerages also recently commented on DXC. Zacks Investment Research upgraded shares of DXC Technology Company. from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Tuesday. Barclays PLC raised their price objective on shares of DXC Technology Company. from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Cowen and Company restated a “hold” rating and set a $85.00 price objective on shares of DXC Technology Company. in a research report on Thursday. KeyCorp reiterated an “overweight” rating and issued a $99.00 price target (up from $92.00) on shares of DXC Technology Company. in a report on Monday. Finally, Bank of America Corporation started coverage on shares of DXC Technology Company. in a report on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $92.57.

In related news, CFO Paul N. Saleh sold 80,922 shares of DXC Technology Company. stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the completion of the transaction, the chief financial officer now directly owns 217,211 shares of the company’s stock, valued at approximately $18,247,896.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul N. Saleh sold 40,460 shares of DXC Technology Company. stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the transaction, the chief financial officer now directly owns 136,384 shares of the company’s stock, valued at $11,257,135.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 359,666 shares of company stock valued at $29,091,539. 1.30% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of DXC Technology Company. in the 2nd quarter valued at about $101,000. Hanson McClain Inc. bought a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $105,000. Pinebridge Investments L.P. bought a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $106,000. Cribstone Capital Management LLC raised its stake in shares of DXC Technology Company. by 4.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after acquiring an additional 63 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of DXC Technology Company. during the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 85.04% of the company’s stock.

The company has a 50-day moving average of $85.46 and a 200-day moving average of $79.53. The stock has a market capitalization of $25.96 billion, a PE ratio of 287.70 and a beta of 1.04.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Equities research analysts forecast that DXC Technology Company. will post $6.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.79%. DXC Technology Company.’s dividend payout ratio is currently -378.95%.

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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.

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