DXC Technology (NYSE:DXC) Downgraded to “Neutral” at Susquehanna Bancshares
Susquehanna Bancshares lowered shares of DXC Technology (NYSE:DXC) from a positive rating to a neutral rating in a research note published on Thursday morning, The Fly reports.
Several other brokerages have also issued reports on DXC. TheStreet lowered shares of DXC Technology from a b- rating to a c+ rating in a research note on Thursday, May 23rd. BMO Capital Markets lowered shares of DXC Technology from an outperform rating to a market perform rating and decreased their price target for the stock from $60.00 to $48.00 in a research note on Friday, August 9th. Zacks Investment Research lowered shares of DXC Technology from a hold rating to a sell rating and set a $36.00 price target for the company. in a research note on Tuesday, August 13th. KeyCorp decreased their price target on shares of DXC Technology from $97.00 to $88.00 and set an overweight rating for the company in a research note on Monday, May 20th. Finally, Royal Bank of Canada reiterated a buy rating on shares of DXC Technology in a research note on Sunday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. DXC Technology presently has a consensus rating of Hold and an average target price of $66.69.
NYSE DXC traded up $0.05 during trading on Thursday, hitting $32.53. The company had a trading volume of 187,584 shares, compared to its average volume of 4,140,236. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. DXC Technology has a one year low of $30.10 and a one year high of $96.75. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 3.91, a price-to-earnings-growth ratio of 1.26 and a beta of 1.93. The company’s fifty day moving average is $40.14 and its 200-day moving average is $54.61.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.58%. DXC Technology’s dividend payout ratio is currently 10.07%.
In other DXC Technology news, EVP Joanne Mason sold 48,679 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $51.99, for a total transaction of $2,530,821.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John M. Lawrie acquired 4,500 shares of DXC Technology stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $53.72 per share, with a total value of $241,740.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 22,066 shares of company stock valued at $1,153,043. 0.81% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in DXC. Commerce Bank boosted its holdings in shares of DXC Technology by 1.7% during the 1st quarter. Commerce Bank now owns 10,287 shares of the company’s stock valued at $661,000 after acquiring an additional 172 shares during the last quarter. AGF Investments LLC boosted its holdings in shares of DXC Technology by 0.8% during the 2nd quarter. AGF Investments LLC now owns 22,639 shares of the company’s stock valued at $1,249,000 after acquiring an additional 189 shares during the last quarter. Keel Point LLC boosted its holdings in shares of DXC Technology by 5.5% during the 2nd quarter. Keel Point LLC now owns 3,912 shares of the company’s stock valued at $216,000 after acquiring an additional 205 shares during the last quarter. Patten Group Inc. boosted its holdings in shares of DXC Technology by 2.0% during the 1st quarter. Patten Group Inc. now owns 11,124 shares of the company’s stock valued at $715,000 after acquiring an additional 216 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of DXC Technology by 4.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 5,202 shares of the company’s stock valued at $334,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 88.47% 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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