DICE HOLDINGS, INC. (DHX): Keep This Stock on Your Radar

Through the Tech segment, Dice managed to fetch $37 million, which was a 19% increase as compared to a year ago. To capitalize on this segment, Dice has acquired Slashdot Media, which will widen the segment by bringing in relevant technology-oriented opportunities. Slashdot was able to add $4.7 million to quarterly revenue.

Dice’s oil and gas segment features a career-oriented website called RigZone. This website helped the company increase its revenue by 26%. Another of Dice’s website, “Health Callings” (health and care segment), is yet to fulfill its true potential but has contributed to an increase in revenue by 20%.

Buyback program

DICE HOLDINGS, INC. (NYSE:DHX) executives have been using their strong cash position to buy back shares, which is good news for existing shareholders. In the last quarter of 2012, the company had purchased a total of 1.3 million shares at an average of $8.60 per share. In 2012, the company bought back a total of 7.6 million shares worth $69 million. Dice’s management has granted $50 million worth of stock to be bought back in the coming quarters.

A look at the future

The company is showing double-digit growth in almost all departments. The country’s overall job structure seems to be improving and the company is aggressively pushing for stock buybacks. Considering these factors, I think Dice might do well going forward.

Ashley Sales has no position in any stocks mentioned. The Motley Fool recommends LinkedIn Corp (NYSE:LNKD). The Motley Fool owns shares of LinkedIn. Ashley is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article Keep This Stock on Your Radar originally appeared on Fool.com and is written by Ashley Sales.

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