BMO Capital Markets Reiterates “Outperform” Rating for DXC Technology Company. (NYSE:DXC)

BMO Capital Markets reaffirmed their outperform rating on shares of DXC Technology Company. (NYSE:DXC) in a research report report published on Wednesday. The firm currently has a $94.00 price objective on the stock, up from their previous price objective of $92.00.

DXC has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) upgraded shares of DXC Technology Company. from a buy rating to a conviction-buy rating and lifted their price objective for the company from $85.00 to $90.00 in a research note on Tuesday, May 9th. Morgan Stanley raised shares of DXC Technology Company. from an equal weight rating to an overweight rating and lifted their price target for the company from $68.00 to $85.00 in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a buy rating and issued a $87.00 price target on shares of DXC Technology Company. in a research report on Tuesday, June 6th. Barclays PLC began coverage on shares of DXC Technology Company. in a research report on Thursday, May 25th. They issued an overweight rating and a $90.00 price target for the company. Finally, J P Morgan Chase & Co began coverage on shares of DXC Technology Company. in a research report on Wednesday, April 19th. They issued an overweight rating and a $90.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $87.00.

Shares of DXC Technology Company. (DXC) traded down 2.06% on Wednesday, reaching $81.27. 2,464,145 shares of the company traded hands. The firm has a 50-day moving average price of $78.35 and a 200 day moving average price of $73.95. The company has a market capitalization of $23.07 billion, a PE ratio of 256.37 and a beta of 1.11. DXC Technology Company. has a one year low of $45.37 and a one year high of $84.50.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 36.87%. Equities analysts forecast that DXC Technology Company. will post $6.86 EPS for the current fiscal year.

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The firm also recently declared a special dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, June 13th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 9th. DXC Technology Company.’s payout ratio is currently -315.79%.

In related news, Director Margaret C. Whitman sold 8,600 shares of DXC Technology Company. stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the sale, the director now owns 111,229 shares of the company’s stock, valued at approximately $8,584,654.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. stock in a transaction on Friday, June 16th. The shares were sold at an average price of $74.82, for a total transaction of $377,990.64. Following the completion of the sale, the executive vice president now directly owns 2,574 shares of the company’s stock, valued at approximately $192,586.68. The disclosure for this sale can be found here. In the last three months, insiders sold 251,936 shares of company stock valued at $19,995,452. 1.30% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in DXC Technology Company. during the second quarter worth about $1,368,006,000. Letko Brosseau & Associates Inc. purchased a new position in DXC Technology Company. during the second quarter worth about $21,698,000. Nationwide Fund Advisors purchased a new position in DXC Technology Company. during the second quarter worth about $35,434,000. Affinity Wealth Management purchased a new position in DXC Technology Company. during the second quarter worth about $365,000. Finally, LaSalle Street Capital Management LLC purchased a new position in DXC Technology Company. during the second quarter worth about $4,040,000. 51.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Recommendations for DXC Technology Company. (NYSE:DXC)

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