BMO Capital Markets Reaffirms Market Perform Rating for DXC Technology (NYSE:DXC)

BMO Capital Markets reiterated their market perform rating on shares of DXC Technology (NYSE:DXC) in a report issued on Tuesday morning, The Fly reports. BMO Capital Markets currently has a $35.00 target price on the stock.

DXC has been the topic of several other reports. Cfra reissued a hold rating on shares of DXC Technology in a research report on Thursday, September 12th. Stifel Nicolaus dropped their price objective on shares of DXC Technology from $46.00 to $37.00 and set a hold rating on the stock in a research report on Wednesday, August 28th. Bank of America dropped their price objective on shares of DXC Technology from $64.00 to $56.00 and set a buy rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. dropped their price objective on shares of DXC Technology from $45.00 to $44.00 and set an overweight rating on the stock in a research report on Monday, October 7th. Finally, Wells Fargo & Co dropped their price objective on shares of DXC Technology from $46.00 to $32.00 and set a market perform rating on the stock in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. DXC Technology currently has an average rating of Hold and a consensus target price of $49.43.

Shares of DXC traded up $1.40 during trading hours on Tuesday, hitting $37.23. The company had a trading volume of 6,139,304 shares, compared to its average volume of 4,797,723. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 4.46, a PEG ratio of 1.42 and a beta of 1.92. The business has a fifty day moving average of $28.79 and a 200-day moving average of $43.33. DXC Technology has a 12 month low of $26.02 and a 12 month high of $69.45. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 1.00.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.06). The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.92 billion. DXC Technology had a negative net margin of 6.04% and a positive return on equity of 18.89%. DXC Technology’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.02 earnings per share. On average, equities analysts expect that DXC Technology will post 5.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Wednesday, December 4th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, December 3rd. DXC Technology’s dividend payout ratio is 10.07%.

A number of large investors have recently added to or reduced their stakes in DXC. Coastal Investment Advisors Inc. increased its position in DXC Technology by 348.4% during the second quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 547 shares during the period. Nvwm LLC increased its position in DXC Technology by 531,520.0% during the third quarter. Nvwm LLC now owns 26,581 shares of the company’s stock worth $27,000 after acquiring an additional 26,576 shares during the period. Liberty Wealth Management LLC increased its position in DXC Technology by 143.8% during the second quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock worth $31,000 after acquiring an additional 335 shares during the period. Creative Financial Designs Inc. ADV increased its position in DXC Technology by 276.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,318 shares of the company’s stock worth $36,000 after acquiring an additional 968 shares during the period. Finally, Covington Capital Management increased its position in DXC Technology by 346.3% during the second quarter. Covington Capital Management now owns 732 shares of the company’s stock worth $40,000 after acquiring an additional 568 shares during the period. 84.25% of the stock is currently 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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Analyst Recommendations for DXC Technology (NYSE:DXC)

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