Archer Investment Corp Purchases 530 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Archer Investment Corp grew its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 404.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 661 shares of the company’s stock after buying an additional 530 shares during the period. Archer Investment Corp’s holdings in GE HealthCare Technologies were worth $51,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. boosted its stake in GE HealthCare Technologies by 36,900.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after purchasing an additional 369 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in GE HealthCare Technologies in the 2nd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in GE HealthCare Technologies in the 3rd quarter worth approximately $26,000. Legacy Financial Group LLC acquired a new stake in GE HealthCare Technologies in the 3rd quarter worth approximately $26,000. Finally, OFI Invest Asset Management acquired a new stake in GE HealthCare Technologies in the 3rd quarter worth approximately $26,000. 82.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on GEHC shares. UBS Group upgraded shares of GE HealthCare Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $88.00 in a research note on Monday, February 12th. Evercore ISI raised their price target on shares of GE HealthCare Technologies from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. HSBC assumed coverage on shares of GE HealthCare Technologies in a research report on Thursday, February 15th. They set a “buy” rating and a $100.00 price target for the company. Argus raised their price target on shares of GE HealthCare Technologies from $80.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Mizuho raised their price target on shares of GE HealthCare Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.08.

GE HealthCare Technologies Price Performance

NASDAQ:GEHC opened at $85.19 on Thursday. The firm has a market cap of $38.87 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. GE HealthCare Technologies Inc. has a 1-year low of $62.35 and a 1-year high of $94.50. The company has a 50 day moving average price of $88.61 and a 200-day moving average price of $77.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 0.83.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.09 billion. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. GE HealthCare Technologies’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. Equities research analysts forecast that GE HealthCare Technologies Inc. will post 4.3 EPS for the current year.

GE HealthCare Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Thursday, April 18th. GE HealthCare Technologies’s payout ratio is currently 3.97%.

GE HealthCare Technologies Company Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.