Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields

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 XRX

• Dividend Yield: 7.26%
• JP Morgan analyst Samik Chatterjee maintained an Underweight rating and lowered the price target from $18 to $17 on April 24. This analyst has an accuracy rate of 71%.
• Credit Suisse analyst Shannon Cross maintained an Underperform rating and raised the price target from $9 to $11 on July 26. This analyst has an accuracy rate of 79%.
• 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 Xerox's news

HP Inc. HPQ

• Dividend Yield: 3.02%
• Citigroup analyst Asiya Merchant maintained a Buy rating and raised the price target from $35 to $37 on May 30. This analyst has an accuracy rate of 79%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and increased the price target from $30 to $33 on May 30. This analyst has an accuracy rate of 73%.
• Recent News: On May 29, HP reported second-quarter FY24 results. Net revenue declined 0.8% Y/Y to $12.8 billion, beating the consensus of $12.6 billion..
• Benzinga Pro's Insiders feature helped track insider trading activity in HP's stock.

Cisco Systems, Inc. CSCO

• Dividend Yield: 3.52%
• Needham analyst Alex Henderson reiterated a Hold rating on June 10. This analyst has an accuracy rate of 80%.
• Wells Fargo analyst Aaron Rakersmaintained an Equal-Weight rating and boosted the price target from $52 to $57 on May 16. This analyst has an accuracy rate of 87%.
• Recent News: On June 4, Cisco Investments, the global venture arm of Cisco,has introduced a $1 billion AI investment fund to support startups and enhance the development of secure AI solutions.
• Benzinga Pro's signals feature notified of a potential breakout in Cisco's shares.

Check This Out: How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro