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

Royal Bank of Canada reiterated their buy rating on shares of DXC Technology (NYSE:DXC) in a research report report published on Sunday, AnalystRatings.com reports.

Several other equities research analysts also recently issued reports on DXC. TheStreet downgraded DXC Technology from a b- rating to a c+ rating in a research note on Thursday, May 23rd. KeyCorp reduced their price objective on DXC Technology from $97.00 to $88.00 and set an overweight rating for the company in a research note on Monday, May 20th. Bank of America reduced their price objective on DXC Technology from $64.00 to $56.00 and set a buy rating for the company in a research note on Friday. BMO Capital Markets downgraded DXC Technology from an outperform rating to a market perform rating and reduced their price objective for the stock from $60.00 to $48.00 in a research note on Friday. Finally, Goldman Sachs Group downgraded DXC Technology from a conviction-buy rating to a buy rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. DXC Technology has an average rating of Hold and a consensus target price of $71.50.

Shares of NYSE DXC traded down $1.91 during mid-day trading on Friday, hitting $34.00. 7,411,626 shares of the company traded hands, compared to its average volume of 2,243,094. DXC Technology has a 1 year low of $34.61 and a 1 year high of $96.75. The firm has a market cap of $13.76 billion, a PE ratio of 4.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $54.75.



DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, August 8th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.71 by $0.03. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. DXC Technology had a return on equity of 19.39% and a net margin of 5.70%. DXC Technology’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 earnings per share. As a group, equities analysts expect that DXC Technology will post 8.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This is an increase from DXC Technology’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.47%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.

In other news, EVP Joanne Mason sold 48,679 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $51.99, for a total transaction of $2,530,821.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John M. Lawrie purchased 4,166 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were purchased at an average cost of $56.26 per share, with a total value of $234,379.16. The disclosure for this purchase can be found here. Insiders have bought a total of 22,066 shares of company stock valued at $1,153,043 over the last ninety days. Company insiders own 0.81% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Coastal Investment Advisors Inc. raised its stake in shares of 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 in the last quarter. Liberty Wealth Management LLC raised its stake in shares of DXC Technology by 143.8% during the 2nd quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock worth $31,000 after purchasing an additional 335 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of DXC Technology during the 1st quarter worth about $37,000. Cornerstone Advisors Inc. raised its stake in shares of DXC Technology by 100.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock worth $37,000 after purchasing an additional 289 shares in the last quarter. Finally, Water Island Capital LLC purchased a new stake in shares of DXC Technology during the 1st quarter worth about $42,000. 85.84% of the stock is owned by institutional investors.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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