TurboTax Maker Intuit Leads 3 Cheap, Dividend-Paying Tech Stocks With Up to 151% Upside
Intuit, the maker of TurboTax, now leads a list of three affordable dividend-paying tech stocks with potential upside. Using Barchart's Stock Screener, we filtered S&P 500 Info Tech stocks for low forward earnings multiples, a dividend yield of at least 1%, at least 12 analysts covering the stock, and a bullish rating. The three lowest forward P/E ratios are in Cognizant Technology Solutions, Accenture Plc., and Intuit Inc.
Cognizant operates in digital solutions, AI, and cloud computing, trading at $59 with a P/E of 10.6x and a dividend yield of 2.2%. With 27 analysts rating it a "Moderate Buy," upside potential of up to 38% exists.
Accenture, a larger rival to Cognizant, has a stock price of $178, a P/E of 13x, and a dividend yield of 3.65%. Analysts rate it "Moderate Buy" with potential upside of 54%.
Intuit, with the highest upside among the three at 151%, trades at $358 with a P/E of 16x and a dividend yield of 1.33%. Consensus among 31 analysts rates it a "Moderate Buy" with potential upside of 27% to 151%.
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