LinkedIn Corp (LNKD), Monster Worldwide, Inc. (MWW): DICE HOLDINGS, INC. (DHX) Will Hit New Highs

Dice’s energy segment, which features RigZone, — a career website for the oil and gas industry — grew 26% y-o-y and delivered $5.3 million in revenue for the quarter. The health care category, which manages portal Health Callings, has yet to deliver significant revenue but still moved up sharply, with 20% y-o-y gains.

3. Share buy-backs should continue to lift the stock
Dice’s management team continues to utilize its cash position to buy back its own stock, which is generally a positive for shareholders. In the fourth quarter alone, Dice Holdings purchased 1.3 million shares of its common stock at an average cost of $8.60 per share. For the year ended Dec. 30, 2012, the company bought back 7.7 million shares for a total investment of approximately $68.6 million. The company’s board of directors continues to believe in the merits of the buyback program and has authorized another $50 million of stock to be purchased in the coming quarters.

Dice should hit break through it 52-week high
Over the last year, Dice’s share price has ping-ponged between $6 and $11, hitting a high of  $10.99 on April 27, 2012, according to Yahoo! Finance. First quarter earnings are scheduled to be reported on April 22 and the stock price is already inching up towards its high, closing at $10.22 on March 22. DICE HOLDINGS, INC. (NYSE:DHX) now has the wind at its back with strong margins, double-digit segment growth, a significant share buyback program and an improving employment picture in the U.S.

With first quarter earnings approaching, DICE HOLDINGS, INC. (NYSE:DHX) should be able to easily beat revenue and earnings estimates–and push its stock back above $11 per share and toward the high teens.

The article Dice Holdings Will Hit New Highs originally appeared on Fool.com and is written by Julian Willis.

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