5 Best Tech Stocks to Buy According to GuardCap Asset Management

4. UnitedHealth Group Inc. (NYSE:UNH)

GuardCap Asset Management’s Stake Value: $545,086,000

Percentage of GuardCap Asset Management’s 13F Portfolio: 8.36%

UnitedHealth Group Inc. (NYSE:UNH) is a healthcare technology company based in Minnesota providing health coverage, software, data and consultancy services. Its health insurance business utilizes technology and data capabilities to help coordinate patient care, improve affordability, analyze cost trends, manage pharmacy benefits, and create a simpler consumer experience.

GuardCap Asset Management’s 13F Portfolio is heavily weighted with UnitedHealth Group Inc. (NYSE:UNH) stock with ownership of 1,061,243 shares accounting for 8.36% of the 13F portfolio. GuardCap Asset Management’s stake went down by 29% in Q2 2022, compared to the previous quarter.

Earlier this year in July, UnitedHealth Group Inc. (NYSE:UNH) released the financial results for Q2 2022. Revenue increased by 13% y-o-y to $80.3 billion, while net income increased by 19% y-o-y to $5.2 billion. The company also reported an EPS of $5.57, beating the consensus by $0.36.

Following the earnings release, Mizuho analyst Ann Hynes raised the firm’s price target on its shares to $600 from $550 and maintains a ‘Buy’ rating.