SunTrust Banks cut shares of DXC Technology (NYSE:DXC) from a buy rating to a hold rating in a research report released on Tuesday morning, MarketBeat.com reports.
DXC has been the topic of a number of other reports. Moffett Nathanson initiated coverage on shares of DXC Technology in a report on Thursday, October 4th. They set a buy rating and a $95.00 price objective on the stock. Cowen raised shares of DXC Technology from a market perform rating to an outperform rating in a report on Monday, November 26th. Berenberg Bank dropped their price objective on shares of DXC Technology to $80.00 and set a hold rating on the stock in a report on Friday, November 9th. Zacks Investment Research lowered shares of DXC Technology from a hold rating to a sell rating in a report on Tuesday, October 16th. Finally, ValuEngine lowered shares of DXC Technology from a sell rating to a strong sell rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $92.31.
Shares of DXC traded down $0.15 during trading hours on Tuesday, reaching $60.48. 907,376 shares of the company traded hands, compared to its average volume of 2,836,603. The firm has a market capitalization of $16.58 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04. DXC Technology has a 12-month low of $49.19 and a 12-month high of $107.85.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.06. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.30 billion. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.93 earnings per share. As a group, research analysts anticipate that DXC Technology will post 8.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s payout ratio is 9.57%.
Large investors have recently bought and sold shares of the business. Aperio Group LLC raised its position in shares of DXC Technology by 19.1% in the third quarter. Aperio Group LLC now owns 196,646 shares of the company’s stock worth $18,390,000 after acquiring an additional 31,535 shares during the period. Russell Investments Group Ltd. raised its position in shares of DXC Technology by 327.9% in the third quarter. Russell Investments Group Ltd. now owns 481,952 shares of the company’s stock worth $45,093,000 after acquiring an additional 369,322 shares during the period. Morgan Stanley raised its position in shares of DXC Technology by 11.2% in the third quarter. Morgan Stanley now owns 689,488 shares of the company’s stock worth $64,481,000 after acquiring an additional 69,607 shares during the period. United Services Automobile Association raised its position in shares of DXC Technology by 17.0% in the second quarter. United Services Automobile Association now owns 304,422 shares of the company’s stock worth $24,540,000 after acquiring an additional 44,195 shares during the period. Finally, Legacy Financial Advisors Inc. raised its position in shares of DXC Technology by 111.8% in the third quarter. Legacy Financial Advisors Inc. now owns 1,413 shares of the company’s stock worth $132,000 after acquiring an additional 746 shares during the period. 85.34% of the stock is currently owned by 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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