DXC Technology (DXC) Receives Media Impact Rating of 0.13
Press coverage about DXC Technology (NYSE:DXC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DXC Technology earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.5001380446208 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- DXC Technology Unveils 2018 IT Trends That Will Shape Digital Transformation – Business Wire (press release) (businesswire.com)
- Why Salil Parekh’s journey is symptomatic of the state of India’s offshore IT legacy (economictimes.indiatimes.com)
- Legal IT News bulletin: UnitedLex selected by DXC; Elite partners with Gap; new CEO at NextLaw Labs (legaltechnology.com)
- Why the Australian Defence Organization Is Recruiting Cyber Analysts on the Autism Spectrum (hbr.org)
A number of equities analysts have commented on DXC shares. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Tuesday, October 10th. Jefferies Group raised their price objective on DXC Technology from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. KeyCorp restated an “overweight” rating and set a $99.00 price objective (up previously from $92.00) on shares of DXC Technology in a research note on Monday, October 9th. Citigroup raised their target price on DXC Technology from $97.00 to $101.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 target price (up previously from $86.00) on shares of DXC Technology in a report on Wednesday, October 18th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and an average target price of $99.88.
DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. The company’s quarterly revenue was up 229.4% on a year-over-year basis. analysts expect that DXC Technology will post 7.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology’s dividend payout ratio (DPR) is 122.03%.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
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DXC Technology Company Profile
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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