DXC Technology (NYSE:DXC) Shares Gap Up to $13.91

DXC Technology Co (NYSE:DXC) gapped up prior to trading on Wednesday . The stock had previously closed at $13.52, but opened at $13.91. DXC Technology shares last traded at $15.80, with a volume of 4,949,208 shares changing hands.

Several equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of DXC Technology from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley reiterated a “buy” rating and issued a $35.00 target price on shares of DXC Technology in a report on Wednesday, March 11th. BMO Capital Markets increased their target price on shares of DXC Technology to $43.00 in a report on Friday, December 20th. Moffett Nathanson upgraded shares of DXC Technology from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of DXC Technology from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.86.

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average is $17.96 and its 200 day moving average is $29.30. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -2.53 and a beta of 2.35.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. DXC Technology had a negative net margin of 7.98% and a positive return on equity of 16.98%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business posted $2.23 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. Equities research analysts expect that DXC Technology Co will post 5.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Wednesday, March 25th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Tuesday, March 24th. DXC Technology’s dividend payout ratio (DPR) is currently 10.07%.

Institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its position in DXC Technology by 0.6% in the fourth quarter. Arizona State Retirement System now owns 132,473 shares of the company’s stock valued at $4,980,000 after purchasing an additional 798 shares in the last quarter. Scout Investments Inc. bought a new position in DXC Technology in the fourth quarter valued at $21,838,000. Crossmark Global Holdings Inc. grew its position in DXC Technology by 37.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 42,834 shares of the company’s stock valued at $1,610,000 after purchasing an additional 11,714 shares in the last quarter. KAMES CAPITAL plc grew its position in DXC Technology by 415.4% in the fourth quarter. KAMES CAPITAL plc now owns 588,188 shares of the company’s stock valued at $22,110,000 after purchasing an additional 474,056 shares in the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in DXC Technology in the fourth quarter valued at $679,000. 91.56% of the stock is owned by institutional investors and hedge funds.

DXC Technology Company Profile (NYSE:DXC)

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).

Recommended Story: What strategies should day traders use to execute a trade?

Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.