Royal Bank of Canada reissued their buy rating on shares of DXC Technology Company. (NYSE:DXC) in a research report sent to investors on Friday. They currently have a $87.00 price target on the stock.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of DXC Technology Company. from a strong-buy rating to a hold rating in a research note on Tuesday, June 6th. Stifel Nicolaus assumed coverage on shares of DXC Technology Company. in a research note on Tuesday, May 30th. They set a hold rating and a $86.00 price target for the company. Citigroup Inc. reaffirmed a buy rating on shares of DXC Technology Company. in a research note on Monday, April 10th. Barclays PLC initiated coverage on shares of DXC Technology Company. in a report on Thursday, May 25th. They set an overweight rating and a $90.00 price objective on the stock. Finally, Cantor Fitzgerald reissued a hold rating and set a $75.00 price objective on shares of DXC Technology Company. in a report on Friday, May 26th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. DXC Technology Company. presently has a consensus rating of Buy and a consensus target price of $86.67.
DXC Technology Company. (NYSE:DXC) traded up 0.587% during midday trading on Friday, hitting $77.915. The stock had a trading volume of 698,206 shares. DXC Technology Company. has a 1-year low of $64.06 and a 1-year high of $80.83. The stock’s 50-day moving average is $77.52 and its 200-day moving average is $70.43. The company’s market capitalization is $22.18 billion.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.32. DXC Technology Company. had a negative net margin of 1.62% and a positive return on equity of 19.87%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.95 billion. Equities research analysts forecast that DXC Technology Company. will post $6.78 EPS for the current year.
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The company also recently declared a special dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Tuesday, June 13th will be issued a $0.18 dividend. The ex-dividend date is Friday, June 9th. DXC Technology Company.’s dividend payout ratio is currently -67.42%.
In other DXC Technology Company. news, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. stock in a transaction on Friday, June 16th. The shares were sold at an average price of $74.82, for a total value of $377,990.64. Following the transaction, the executive vice president now directly owns 2,574 shares of the company’s stock, valued at $192,586.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret C. Whitman sold 8,600 shares of DXC Technology Company. stock in a transaction on Monday, June 5th. The stock was sold at an average price of $77.18, for a total transaction of $663,748.00. Following the completion of the transaction, the director now directly owns 111,229 shares in the company, valued at $8,584,654.22. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in DXC. Fox Run Management L.L.C. purchased a new position in DXC Technology Company. during the first quarter valued at about $240,000. Cribstone Capital Management LLC bought a new stake in shares of DXC Technology Company. during the first quarter worth $102,000. Barometer Capital Management Inc. bought a new stake in shares of DXC Technology Company. during the first quarter worth $4,685,000. Boyd Watterson Asset Management LLC OH bought a new stake in shares of DXC Technology Company. during the first quarter worth $226,000. Finally, Bartlett & Co. LLC bought a new stake in shares of DXC Technology Company. during the first quarter worth $145,000. 49.53% of the stock is currently owned by institutional investors and hedge funds.
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