In this article, we will be looking at 5 technology stocks that pay dividends. To see our detailed analysis of the technology sector and these stocks, you can go directly to the 10 Technology Stocks that Pay Dividends.
5. CSG Systems International, Inc. (NASDAQ: CSGS)
Number of Hedge Fund Holders: 23
Dividend Yield: 2.1%
CSG Systems International, Inc. (NASDAQ: CSGS) is an information technology company offering revenue management, customer experience, and payment solutions to the communications industry. It operates mainly in the US, Europe, the Middle East, Africa, and the Asia Pacific, and ranks 5th on our list of technology stocks that pay dividends.
As of this March, Sidoti analyst, Gregory Burns holds a Neutral rating on shares of CSG Systems International, Inc. (NASDAQ: CSGS). The analyst also has a $49 price target on the stock.
In the second quarter of 2021, CSG Systems International, Inc. (NASDAQ: CSGS) had an EPS of $0.82, beating estimates by $0.03. The company’s revenue was $238.48 million, up 6.17% year over year and also beating estimates by $2.28 million. CSG Systems International, Inc. (NASDAQ: CSGS) has gained 3.23% year to date and 4.72% in the past year.
By the end of the first quarter of 2021, 23 hedge funds out of the 866 tracked by Insider Monkey held stakes in CSG Systems International, Inc. (NASDAQ: CSGS) worth roughly $141 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $161 million.
4. The Hackett Group, Inc. (NASDAQ: HCKT)
Number of Hedge Fund Holders: 14
Dividend Yield: 2.2%
The Hackett Group, Inc. (NASDAQ: HCKT), a strategic advisory and technology consulting firm, ranks 4th on our list of technology stocks that pay dividends. The company operates mainly in North America and internationally, and offers a best-practice intelligence center, a repository of best practices, performance metrics, and research, among other things available online.
Barrington’s Vincent Colicchio this May raised his price target on The Hackett Group, Inc. (NASDAQ: HCKT) shares from $18 to $21. The analyst also holds an Outperform rating on the stock.
In the second quarter of 2021, The Hackett Group, Inc. (NASDAQ: HCKT) had an EPS of $0.39, beating estimates by $0.10. The company’s revenue was $73.20 million, up 38.76% year over year and also beating estimates by $7.95 million. The Hackett Group, Inc. (NASDAQ: HCKT) has gained 21.4% in the past 6 months and 28.83% year to date.
By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Hackett Group, Inc. (NASDAQ: HCKT) worth roughly $117 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $110 million.
3. Hamilton Beach Brands Holding Company (NYSE: HBB)
Number of Hedge Fund Holders: 8
Dividend Yield: 2.3%
Hamilton Beach Brands Holding Company (NYSE: HBB) is a marketer and distributor of electric household and specialty housewares appliances both in the US and across the globe. The company offers a range of electric appliances like coffee makers and air purifiers and ranks 3rd on our list of technology stocks that pay dividends.
This July, Baird analyst Justin Kleber assumed coverage of shares of Hamilton Beach Brands Holding Company (NYSE: HBB) with a Neutral rating. Kleber also holds a $22 price target on the stock.
In the second quarter of 2021, Hamilton Beach Brands Holding Company (NYSE: HBB) had an EPS of $0.01, missing estimates by $0.63. The company’s revenue was $154.66 million, up 5.75% year over year and beating the previous quarter’s revenue of $149.25 million. Hamilton Beach Brands Holding Company (NYSE: HBB) has gained 0.94% year to date.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Hamilton Beach Brands Holding Company (NYSE: HBB) worth roughly $10.2 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $6.4 million.
2. Benchmark Electronics, Inc. (NYSE: BHE)
Number of Hedge Fund Holders: 11
Dividend Yield: 2.4%
Benchmark Electronics, Inc. (NYSE: BHE) provides product design, engineering services, tech solutions, and manufacturing services in the electronic manufacturing services industry. The company ranks 2nd on our list of technology stocks that pay dividends and operates in the US, Asia, and Europe.
This July, Anja Soderstrom, an analyst at Sidoti, upgraded shares of Benchmark Electronics, Inc. (NYSE: BHE) from Neutral to Buy. Soderstrom also raised the price target on the shares from $32 to $35 at the same time.
In the second quarter of 2021, Benchmark Electronics, Inc. (NYSE: BHE) had an EPS of $0.27, beating estimates by $0.01. The company’s revenue was $544.66 million, up 10.94% year over year and also beating estimates by $13 million. Benchmark Electronics, Inc. (NYSE: BHE) has gained 21.91% in the past year.
By the end of the first quarter of 2021, 11 hedge funds out of the 866 tracked by Insider Monkey held stakes in Benchmark Electronics, Inc. (NYSE: BHE) worth roughly $38 million. This is compared to 11 hedge funds in the previous quarter with a total stake value of approximately $28.2 million.
1. NVE Corporation (NASDAQ: NVEC)
Number of Hedge Fund Holders: 8
Dividend Yield: 5.4%
NVE Corporation (NASDAQ: NVEC) is a developer of devices using spintronics, nanotechnology relying on electron spin to acquire, store, and transmit information in the US and globally. The company ranks 1st on our list of technology stocks that pay dividends.
In the fiscal first quarter of 2021, NVE Corporation (NASDAQ: NVEC) had an EPS of $0.74. The company’s revenue was $7.15 million, up 0.94% year over year and beating the previous quarter’s revenue of $5.86 million. NVE Corporation (NASDAQ: NVEC) has gained 6.74% in the past 6 months and 24.17% year to date.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in NVE Corporation (NASDAQ: NVEC) worth roughly $49.2 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $29.7 million.
You can also take a peek at 10 Best Technology Stocks to Buy for Long Term and 10 Best Games Coming in 2021.
