Ossiam Buys 69,313 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Ossiam grew its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 9,036.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,080 shares of the company's stock after purchasing an additional 69,313 shares during the period. Ossiam's holdings in GE HealthCare Technologies were worth $5,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CoreFirst Bank & Trust purchased a new position in GE HealthCare Technologies during the 4th quarter valued at about $25,000. Runnymede Capital Advisors Inc. acquired a new position in GE HealthCare Technologies in the 4th quarter valued at approximately $28,000. Bank of Jackson Hole Trust purchased a new stake in GE HealthCare Technologies in the 4th quarter worth approximately $32,000. OFI Invest Asset Management acquired a new position in shares of GE HealthCare Technologies in the fourth quarter worth $34,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of GE HealthCare Technologies during the fourth quarter worth $34,000. Institutional investors and hedge funds own 82.06% of the company's stock.

Analyst Upgrades and Downgrades

GEHC has been the topic of several research reports. BTIG Research set a $95.00 target price on GE HealthCare Technologies and gave the stock a "buy" rating in a research report on Monday, April 14th. The Goldman Sachs Group upgraded shares of GE HealthCare Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $85.00 to $100.00 in a research note on Tuesday, March 11th. Piper Sandler dropped their price target on shares of GE HealthCare Technologies from $104.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday. Jefferies Financial Group raised shares of GE HealthCare Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $95.00 to $103.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.50.

GE HealthCare Technologies Stock Performance

Shares of GE HealthCare Technologies stock traded up $2.19 during midday trading on Thursday, hitting $67.08. The company had a trading volume of 6,554,197 shares, compared to its average volume of 3,237,054. GE HealthCare Technologies Inc. has a 1-year low of $57.65 and a 1-year high of $94.80. The business's 50 day simple moving average is $77.57 and its two-hundred day simple moving average is $82.50. The stock has a market cap of $30.71 billion, a PE ratio of 15.49, a P/E/G ratio of 3.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.83.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.19. GE HealthCare Technologies had a net margin of 10.13% and a return on equity of 25.74%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.33 billion. As a group, equities analysts predict that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.14 annualized dividend and a yield of 0.21%. GE HealthCare Technologies's dividend payout ratio (DPR) is currently 3.23%.

About GE HealthCare Technologies

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.