Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks With Over 3% Dividend Yields

Author: Avi Kapoor | July 17, 2024 08:12am

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.

Xerox Holdings Corporation (NASDAQ:XRX)

• Dividend Yield: 8.41%
• Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 79%.
• JP Morgan analyst Samik Chatterjee maintained an Underweight rating and cut the price target from $18 to $17 on April 24. This analyst has an accuracy rate of 75%.
• Recent News: On May 22, Xerox said its board of directors declared a quarterly dividend of 25 cents per share.
• Benzinga Pro's real-time newsfeed alerted to latest XRX news

Methode Electronics, Inc. (NYSE:MEI)

• Dividend Yield: 4.03%
• Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.
• Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 69%.
• Recent News: On July 11, Methode Electronics reported better-than-expected fourth-quarter sales results.
• Benzinga Pro's charting tool helped identify the trend in MEI's stock.

International Business Machines Corporation (NYSE:IBM)

• Dividend Yield: 3.60%
• Exane BNP Paribas analyst Stefan Slowinskiinitiated coverage on the stock with an Underperform rating and a price target of $145 on May 2. This analyst has an accuracy rate of 72%.
• JP Morgan analyst Brian Essex maintained a Neutral rating and cut the price target from $190 to $185 on April 25. This analyst has an accuracy rate of 71%.
• Recent News: International Business Machines is expected to report second-quarter results release after market close on July 24.
• Benzinga Pro's signals feature notified of a potential breakout in IBM's shares.

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Posted In: IBM MEI XRX