The Citigroup Inc Boosts DXC Technology Company. (NYSE:DXC) Price Target to $101.00

The Citigroup Inc Boosts DXC Technology Company. (NYSE:DXC) Price Target to $101.00

DXC Technology Company. (NYSE:DXC) had its price target hoisted by Citigroup Inc from $97.00 to $101.00 in a research report released on Friday, October 13th. Citigroup Inc currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Cowen and Company reissued a hold rating and set a $77.00 price target on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet raised DXC Technology Company. from a c rating to a b rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a hold rating and issued a $86.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. KeyCorp raised DXC Technology Company. from a sector weight rating to an overweight rating and set a $93.00 price objective for the company in a research note on Friday, July 21st. Finally, Cantor Fitzgerald reaffirmed a hold rating and issued a $79.00 price objective on shares of DXC Technology Company. in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $96.38.

DXC Technology Company. (NYSE DXC) traded up 0.47% during mid-day trading on Friday, hitting $91.06. 247,906 shares of the stock were exchanged. The company has a market capitalization of $25.92 billion, a PE ratio of 287.26 and a beta of 1.04. The stock has a 50 day moving average price of $87.10 and a 200 day moving average price of $80.92. DXC Technology Company. has a 1-year low of $64.06 and a 1-year high of $93.40.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. On average, equities analysts anticipate that DXC Technology Company. will post $6.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.79%. DXC Technology Company.’s payout ratio is -378.95%.

In other news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 40,460 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total value of $3,339,568.40. Following the completion of the sale, the chief financial officer now owns 136,384 shares in the company, valued at $11,257,135.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,722 shares of company stock worth $13,389,106. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Ltd. increased its holdings in DXC Technology Company. by 1.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 143,852 shares of the company’s stock worth $12,355,000 after purchasing an additional 2,200 shares during the period. Calamos Advisors LLC increased its holdings in DXC Technology Company. by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 43,143 shares of the company’s stock worth $3,705,000 after purchasing an additional 1,588 shares during the period. Aperio Group LLC increased its holdings in DXC Technology Company. by 3.4% during the 3rd quarter. Aperio Group LLC now owns 130,442 shares of the company’s stock worth $11,202,000 after purchasing an additional 4,284 shares during the period. Huntington National Bank purchased a new position in DXC Technology Company. during the 3rd quarter worth $959,000. Finally, First Trust Advisors LP increased its holdings in DXC Technology Company. by 63.5% during the 3rd quarter. First Trust Advisors LP now owns 356,468 shares of the company’s stock worth $30,613,000 after purchasing an additional 138,417 shares during the period. Institutional investors own 85.06% of the company’s stock.

About DXC Technology Company.

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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