DXC Technology (DXC) Rating Reiterated by BMO Capital Markets

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BMO Capital Markets reiterated their buy rating on shares of DXC Technology (NYSE:DXC) in a research note released on Monday morning. BMO Capital Markets currently has a $85.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of DXC Technology from a hold rating to a sell rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. reissued an overweight rating and set a $83.00 target price on shares of DXC Technology in a research note on Tuesday, November 13th. Cantor Fitzgerald reissued a hold rating and set a $70.00 target price on shares of DXC Technology in a research note on Wednesday, November 7th. Zacks Investment Research downgraded shares of DXC Technology from a buy rating to a hold rating in a research note on Tuesday, October 9th. Finally, SunTrust Banks lowered their target price on shares of DXC Technology to $75.00 in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. DXC Technology presently has a consensus rating of Buy and a consensus target price of $92.31.

Shares of DXC stock traded down $0.14 during trading hours on Monday, hitting $60.49. 18,844 shares of the company’s stock traded hands, compared to its average volume of 2,836,603. DXC Technology has a 12 month low of $49.19 and a 12 month high of $107.85. The company has a market capitalization of $16.58 billion, a P/E ratio of 7.61, a PEG ratio of 1.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.04.

DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, November 6th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.06. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the firm earned $1.93 earnings per share. DXC Technology’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that DXC Technology will post 8.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. grew its holdings in shares of DXC Technology by 1,424.2% during the second quarter. Point72 Asset Management L.P. now owns 1,687,338 shares of the company’s stock valued at $136,016,000 after buying an additional 1,576,638 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of DXC Technology by 469.8% during the third quarter. Prudential Financial Inc. now owns 1,814,726 shares of the company’s stock valued at $169,713,000 after buying an additional 1,496,224 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of DXC Technology by 42.4% during the third quarter. OppenheimerFunds Inc. now owns 4,000,503 shares of the company’s stock valued at $374,128,000 after buying an additional 1,190,596 shares during the last quarter. Hexavest Inc. acquired a new position in shares of DXC Technology during the third quarter valued at about $75,669,000. Finally, AQR Capital Management LLC grew its holdings in shares of DXC Technology by 23.0% during the third quarter. AQR Capital Management LLC now owns 4,079,314 shares of the company’s stock valued at $381,498,000 after buying an additional 763,407 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for DXC Technology (NYSE:DXC)

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