Evercore ISI Reiterates Hold Rating for DXC Technology (NYSE:DXC)

Evercore ISI reaffirmed their hold rating on shares of DXC Technology (NYSE:DXC) in a research note published on Monday morning, AnalystRatings.com reports.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Co dropped their price objective on shares of DXC Technology from $72.00 to $55.00 and set a market perform rating on the stock in a research note on Friday, May 24th. Stifel Nicolaus dropped their price objective on shares of DXC Technology from $46.00 to $37.00 and set a hold rating on the stock in a research note on Wednesday, August 28th. Royal Bank of Canada reaffirmed a buy rating on shares of DXC Technology in a research note on Sunday, August 11th. KeyCorp dropped their price objective on shares of DXC Technology from $97.00 to $88.00 and set an overweight rating on the stock in a research note on Monday, May 20th. Finally, Cowen dropped their price objective on shares of DXC Technology from $83.00 to $65.00 and set an outperform rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $66.69.

Shares of NYSE DXC opened at $32.22 on Monday. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 3.86, a PEG ratio of 1.16 and a beta of 1.93. DXC Technology has a 12 month low of $30.10 and a 12 month high of $96.75. The firm’s 50 day simple moving average is $36.79 and its 200-day simple moving average is $53.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.03. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The business’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.93 EPS. Analysts anticipate that DXC Technology will post 7.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. DXC Technology’s dividend payout ratio is currently 10.07%.

In related news, insider John M. Lawrie purchased 4,500 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased a total of 22,066 shares of company stock worth $1,153,043 in the last three months. 0.81% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC grew its stake in DXC Technology by 143.8% in the 2nd quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock valued at $31,000 after acquiring an additional 335 shares during the period. Cornerstone Advisors Inc. grew its stake in DXC Technology by 100.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock valued at $37,000 after acquiring an additional 289 shares during the period. Coastal Investment Advisors Inc. boosted its stake in DXC Technology by 348.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock worth $25,000 after purchasing an additional 547 shares during the last quarter. Covington Capital Management boosted its stake in DXC Technology by 346.3% during the 2nd quarter. Covington Capital Management now owns 732 shares of the company’s stock worth $40,000 after purchasing an additional 568 shares during the last quarter. Finally, CWM LLC boosted its stake in DXC Technology by 66.6% during the 2nd quarter. CWM LLC now owns 813 shares of the company’s stock worth $45,000 after purchasing an additional 325 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for DXC Technology (NYSE:DXC)

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