DXC Technology (DXC) PT Lowered to $87.00 at Cantor Fitzgerald
DXC Technology (NYSE:DXC) had its price target decreased by Cantor Fitzgerald from $97.00 to $87.00 in a research report released on Thursday. Cantor Fitzgerald currently has a neutral rating on the stock.
Several other brokerages also recently commented on DXC. Berenberg Bank began coverage on DXC Technology in a report on Wednesday, April 18th. They set a hold rating and a $100.00 target price on the stock. Citigroup lifted their target price on DXC Technology to $126.00 and gave the stock a top pick rating in a report on Thursday, April 12th. KeyCorp lifted their target price on DXC Technology from $116.00 to $122.00 and gave the stock an overweight rating in a report on Monday, May 21st. Zacks Investment Research downgraded DXC Technology from a buy rating to a hold rating in a report on Thursday, May 24th. Finally, BMO Capital Markets cut their target price on DXC Technology from $117.00 to $113.00 and set an outperform rating on the stock in a report on Friday, May 25th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. DXC Technology presently has a consensus rating of Buy and an average target price of $104.56.
Shares of DXC Technology traded down $1.15, hitting $86.10, during mid-day trading on Thursday, according to MarketBeat.com. 1,717,234 shares of the stock traded hands, compared to its average volume of 1,714,934. The company has a quick ratio of 0.98, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. DXC Technology has a twelve month low of $77.96 and a twelve month high of $107.85. The company has a market cap of $24.53 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 17th. Stockholders of record on Wednesday, June 6th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 5th. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.88%. DXC Technology’s dividend payout ratio (DPR) is 9.57%.
In related news, EVP William L. Deckelman, Jr. sold 2,886 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total value of $291,312.84. Following the completion of the sale, the executive vice president now directly owns 13,082 shares of the company’s stock, valued at approximately $1,320,497.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joanne Mason sold 1,726 shares of the business’s stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $87.74, for a total value of $151,439.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,981 shares of company stock valued at $2,905,962. Corporate insiders own 0.65% of the company’s stock.
A number of institutional investors have recently modified their holdings of DXC. Massachusetts Financial Services Co. MA increased its position in DXC Technology by 12.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,444,641 shares of the company’s stock valued at $1,150,530,000 after buying an additional 1,292,715 shares in the last quarter. First Trust Advisors LP bought a new stake in DXC Technology in the 2nd quarter valued at about $84,760,000. Carillon Tower Advisers Inc. increased its position in DXC Technology by 378.6% in the 1st quarter. Carillon Tower Advisers Inc. now owns 1,261,650 shares of the company’s stock valued at $126,754,000 after buying an additional 998,057 shares in the last quarter. Bank of Montreal Can increased its position in DXC Technology by 84.8% in the 2nd quarter. Bank of Montreal Can now owns 1,874,682 shares of the company’s stock valued at $151,117,000 after buying an additional 860,140 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in DXC Technology by 11.7% in the 1st quarter. JPMorgan Chase & Co. now owns 6,478,853 shares of the company’s stock valued at $651,318,000 after buying an additional 680,612 shares in the last quarter. 83.99% of the stock is owned by institutional investors and hedge funds.
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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