DXC Technology (NYSE:DXC) had its target price upped by KeyCorp from $107.00 to $116.00 in a report issued on Tuesday morning, Marketbeat reports. KeyCorp currently has an overweight rating on the stock. KeyCorp also issued estimates for DXC Technology’s Q3 2018 earnings at $1.99 EPS, Q4 2018 earnings at $2.04 EPS and FY2018 earnings at $7.55 EPS.
DXC has been the topic of several other reports. BMO Capital Markets lifted their price target on shares of DXC Technology from $105.00 to $110.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of DXC Technology from a hold rating to a buy rating and set a $99.00 price target on the stock in a research note on Tuesday, October 10th. SunTrust Banks lifted their price target on shares of DXC Technology to $100.00 and gave the stock a hold rating in a research note on Monday, November 13th. Bank of America assumed coverage on shares of DXC Technology in a research note on Tuesday, September 12th. They set a buy rating and a $101.00 price target on the stock. Finally, Evercore ISI assumed coverage on shares of DXC Technology in a research note on Tuesday, October 17th. They set an outperform rating and a $115.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $101.53.
DXC Technology (NYSE:DXC) traded up $0.20 during mid-day trading on Tuesday, hitting $101.29. 1,153,171 shares of the company’s stock traded hands, compared to its average volume of 1,420,000. The stock has a market capitalization of $28,840.00 and a P/E ratio of 171.68. DXC Technology has a 52-week low of $64.06 and a 52-week high of $102.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00.
DXC Technology (NYSE:DXC) last posted 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. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 229.4% compared to the same quarter last year. equities analysts forecast that DXC Technology will post 7.52 EPS for the current fiscal year.
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. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 5th.
Several institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. grew its holdings in shares of DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after purchasing an additional 50 shares during the last quarter. Seven Eight Capital LP boosted its holdings in DXC Technology by 3.7% in the second quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock valued at $475,000 after acquiring an additional 219 shares in the last quarter. ETRADE Capital Management LLC boosted its holdings in DXC Technology by 11.8% in the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock valued at $435,000 after acquiring an additional 535 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in DXC Technology by 1.3% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock valued at $4,015,000 after acquiring an additional 600 shares in the last quarter. Finally, Fagan Associates Inc. boosted its holdings in DXC Technology by 13.5% in the third quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock valued at $535,000 after acquiring an additional 739 shares in the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.
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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 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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