DXC Technology Company.’s (DXC) Buy Rating Reiterated at Royal Bank of Canada

DXC Technology Company. (NYSE:DXC)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank of Canada in a research note issued to investors on Monday, May 15th, StockTargetPrices.com reports. They currently have a $87.00 price objective on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 16.25% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of DXC Technology Company. in a research note on Monday, March 27th. They set a “buy” rating and a $84.00 price objective on the stock. Morgan Stanley raised shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $85.00 in a research note on Thursday, April 6th. Citigroup Inc. reissued a “buy” rating on shares of DXC Technology Company. in a research note on Monday, April 10th. J P Morgan Chase & Co began coverage on shares of DXC Technology Company. in a research note on Wednesday, April 19th. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Zacks Investment Research raised shares of DXC Technology Company. from a “hold” rating to a “strong-buy” rating and set a $87.00 price target on the stock in a research note on Monday, April 10th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $86.67.

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

Shares of DXC Technology Company. (NYSE:DXC) traded up 1.00% during midday trading on Monday, hitting $74.84. 2,555,736 shares of the company traded hands. The stock’s 50-day moving average is $77.56 and its 200 day moving average is $69.32. DXC Technology Company. has a 12-month low of $64.06 and a 12-month high of $80.83. The stock’s market capitalization is $10.56 billion.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.32. DXC Technology Company. had a negative net margin of 1.62% and a positive return on equity of 19.87%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.95 billion. On average, analysts expect that DXC Technology Company. will post $6.70 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Tuesday, June 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 9th. DXC Technology Company.’s payout ratio is currently -67.42%.

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In other DXC Technology Company. news, Director Margaret C. Whitman sold 8,600 shares of DXC Technology Company. stock in a transaction that occurred 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 transaction, the director now owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.53% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC bought a new position in shares of DXC Technology Company. during the first quarter worth $102,000. Westside Investment Management Inc. acquired a new stake in shares of DXC Technology Company. during the first quarter worth approximately $105,000. Bartlett & Co. LLC acquired a new stake in shares of DXC Technology Company. during the first quarter worth approximately $145,000. Advisor Partners LLC acquired a new stake in shares of DXC Technology Company. during the first quarter worth approximately $207,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of DXC Technology Company. during the first quarter worth approximately $226,000. 49.83% of the stock is currently owned by hedge funds and other institutional investors.

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