Jefferies Group Comments on DXC Technology Company.’s FY2018 Earnings (DXC)
DXC Technology Company. (NYSE:DXC) – Equities researchers at Jefferies Group boosted their FY2018 earnings per share (EPS) estimates for DXC Technology Company. in a research note issued on Wednesday. Jefferies Group analyst R. El-Assal now anticipates that the company will post earnings of $6.88 per share for the year, up from their prior estimate of $6.72. Jefferies Group has a “Buy” rating and a $100.00 price objective on the stock. Jefferies Group also issued estimates for DXC Technology Company.’s FY2019 earnings at $8.36 EPS.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.25 by $0.34. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%.
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DXC has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of DXC Technology Company. in a research report on Friday, May 5th. Morgan Stanley upgraded DXC Technology Company. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $68.00 to $85.00 in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) upgraded DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and upped their price target for the company from $85.00 to $90.00 in a research report on Tuesday, May 9th. Zacks Investment Research lowered DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $90.00 price target on shares of DXC Technology Company. in a research report on Thursday, May 25th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. DXC Technology Company. presently has an average rating of “Buy” and an average price target of $88.31.
Shares of DXC Technology Company. (DXC) traded down 0.20% during trading on Friday, reaching $84.86. The company had a trading volume of 233,420 shares. The firm has a market capitalization of $24.16 billion, a P/E ratio of 267.70 and a beta of 1.11. DXC Technology Company. has a 52-week low of $64.06 and a 52-week high of $86.08. The company has a 50 day moving average of $80.36 and a 200-day moving average of $75.58.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning acquired a new position in shares of DXC Technology Company. during the second quarter worth about $850,000. Grassi Investment Management acquired a new position in shares of DXC Technology Company. during the second quarter worth about $203,000. Spirit of America Management Corp NY acquired a new position in shares of DXC Technology Company. during the second quarter worth about $271,000. National Pension Service acquired a new position in shares of DXC Technology Company. during the second quarter worth about $10,005,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of DXC Technology Company. during the second quarter worth about $2,063,000. 53.95% of the stock is currently owned by institutional investors.
In other news, CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $78.08, for a total value of $4,671,057.92. Following the transaction, the chief financial officer now directly owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $74.82, for a total value of $377,990.64. Following the completion of the transaction, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The disclosure for this sale can be found here. Insiders sold a total of 373,318 shares of company stock worth $30,133,277 over the last three months. 1.30% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is -315.79%.
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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