DXC Technology Co (NYSE:DXC) – KeyCorp issued their FY2021 earnings per share estimates for DXC Technology in a research report issued on Thursday, May 23rd. KeyCorp analyst A. Ramnani forecasts that the company will post earnings of $9.75 per share for the year. KeyCorp has a “Overweight” rating and a $88.00 price objective on the stock.
A number of other brokerages have also recently issued reports on DXC. Goldman Sachs Group cut DXC Technology from a “conviction-buy” rating to a “buy” rating in a research note on Monday, April 22nd. TheStreet cut DXC Technology from a “b-” rating to a “c+” rating in a research note on Thursday. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. BMO Capital Markets lowered their price objective on DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Finally, SunTrust Banks boosted their price target on DXC Technology to $72.00 and gave the stock a “hold” rating in a research note on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. DXC Technology has an average rating of “Buy” and an average price target of $82.33.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.30 billion. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. This is a boost from DXC Technology’s previous quarterly dividend of $0.19. DXC Technology’s payout ratio is currently 9.57%.
Several hedge funds have recently bought and sold shares of DXC. Oregon Public Employees Retirement Fund raised its stake in shares of DXC Technology by 10,644.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,088,667 shares of the company’s stock worth $171,000 after purchasing an additional 9,004,080 shares during the last quarter. Lunia Capital LP raised its stake in shares of DXC Technology by 2,128.2% in the fourth quarter. Lunia Capital LP now owns 5,973,862 shares of the company’s stock worth $5,974,000 after purchasing an additional 5,705,759 shares during the last quarter. Norges Bank purchased a new position in shares of DXC Technology in the fourth quarter worth $147,443,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of DXC Technology by 160.5% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,454,809 shares of the company’s stock worth $157,869,000 after acquiring an additional 1,512,318 shares during the period. Finally, Harris Associates L P grew its holdings in shares of DXC Technology by 42.8% in the fourth quarter. Harris Associates L P now owns 4,423,822 shares of the company’s stock worth $235,215,000 after acquiring an additional 1,325,655 shares during the period. Hedge funds and other institutional investors own 83.74% 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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