DXC Technology (NYSE:DXC) had its price objective lifted by investment analysts at Citigroup to $126.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “top pick” rating on the stock. Citigroup’s price objective indicates a potential upside of 22.24% from the company’s current price.
DXC has been the topic of several other reports. Morgan Stanley increased their price objective on DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. ValuEngine cut DXC Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. JPMorgan Chase increased their price objective on DXC Technology to $114.00 and gave the company an “overweight” rating in a research note on Thursday, April 5th. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Cowen reiterated a “hold” rating and issued a $96.00 price objective on shares of DXC Technology in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $105.17.
NYSE:DXC opened at $103.08 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 0.99. DXC Technology has a 52 week low of $73.51 and a 52 week high of $107.85. The firm has a market cap of $29,277.30, a price-to-earnings ratio of 33.25, a PEG ratio of 1.08 and a beta of 0.92.
In related news, insider John M. Lawrie sold 9,900 shares of the stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $102.35, for a total value of $1,013,265.00. Following the transaction, the insider now owns 638,610 shares of the company’s stock, valued at $65,361,733.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Westport Asset Management Inc. increased its holdings in DXC Technology by 28.6% in the fourth quarter. Westport Asset Management Inc. now owns 45,000 shares of the company’s stock valued at $3,865,000 after buying an additional 10,000 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in DXC Technology by 13.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 49,183 shares of the company’s stock valued at $4,667,000 after buying an additional 5,736 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in DXC Technology by 72.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,028 shares of the company’s stock valued at $19,932,000 after buying an additional 88,072 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in DXC Technology by 30.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,424 shares of the company’s stock valued at $610,000 after buying an additional 1,500 shares during the last quarter. Finally, Banco de Sabadell S.A purchased a new position in DXC Technology in the fourth quarter valued at $1,384,000. 84.87% of the stock is currently owned by hedge funds and other institutional investors.
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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 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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