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

BMO Capital Markets restated their market perform rating on shares of DXC Technology (NYSE:DXC) in a report published on Tuesday, The Fly reports. They currently have a $35.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Cowen dropped their price target on shares of DXC Technology from $83.00 to $65.00 and set an outperform rating for the company in a research note on Friday, August 9th. Evercore ISI reissued a hold rating on shares of DXC Technology in a research note on Monday, September 16th. Moffett Nathanson dropped their price target on shares of DXC Technology from $43.00 to $36.00 and set a neutral rating for the company in a research note on Tuesday, October 8th. Cantor Fitzgerald dropped their price target on shares of DXC Technology from $42.00 to $28.00 and set a neutral rating for the company in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of DXC Technology from a hold rating to a sell rating and set a $29.00 target price for the company. in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $49.43.

Shares of DXC traded up $1.40 on Tuesday, reaching $37.23. 6,139,304 shares of the company’s stock were exchanged, compared to its average volume of 4,797,723. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $8.86 billion, a P/E ratio of 4.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.92. The business has a 50 day moving average price of $28.79 and a two-hundred day moving average price of $43.33. DXC Technology has a 12 month low of $26.02 and a 12 month high of $69.45.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.44 by ($0.06). The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.92 billion. DXC Technology had a positive return on equity of 18.89% and a negative net margin of 6.04%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.02 earnings per share. Equities research analysts predict that DXC Technology will post 5.49 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Wednesday, December 4th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, December 3rd. DXC Technology’s payout ratio is presently 10.07%.

A number of large investors have recently modified their holdings of DXC. Coastal Investment Advisors Inc. increased its stake in DXC Technology by 348.4% in the second quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock valued at $25,000 after purchasing an additional 547 shares in the last quarter. Nvwm LLC boosted its holdings in shares of DXC Technology by 531,520.0% in the third quarter. Nvwm LLC now owns 26,581 shares of the company’s stock valued at $27,000 after buying an additional 26,576 shares during the period. Liberty Wealth Management LLC boosted its holdings in shares of DXC Technology by 143.8% in the second quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock valued at $31,000 after buying an additional 335 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of DXC Technology by 276.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,318 shares of the company’s stock valued at $36,000 after buying an additional 968 shares during the period. Finally, Covington Capital Management boosted its holdings in shares of DXC Technology by 346.3% in the second quarter. Covington Capital Management now owns 732 shares of the company’s stock valued at $40,000 after buying an additional 568 shares during the period. 84.25% of the stock is owned by hedge funds and other institutional investors.

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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