Covestor Ltd lifted its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) by 24.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,533 shares of the information technology service provider’s stock after acquiring an additional 690 shares during the quarter. Covestor Ltd’s holdings in Cognizant Technology Solutions were worth $231,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CTSH. Northwest Bank & Trust Co purchased a new stake in shares of Cognizant Technology Solutions during the 2nd quarter worth approximately $33,000. China Universal Asset Management Co. Ltd. raised its position in shares of Cognizant Technology Solutions by 272.1% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 573 shares of the information technology service provider’s stock worth $37,000 after purchasing an additional 419 shares during the last quarter. Spire Wealth Management raised its position in shares of Cognizant Technology Solutions by 113.8% during the 1st quarter. Spire Wealth Management now owns 682 shares of the information technology service provider’s stock worth $42,000 after purchasing an additional 363 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Cognizant Technology Solutions by 1,025.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 664 shares of the information technology service provider’s stock worth $43,000 after purchasing an additional 605 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Cognizant Technology Solutions Trading Up 0.8 %
Shares of CTSH stock traded up $0.56 on Tuesday, reaching $70.36. 714,526 shares of the stock were exchanged, compared to its average volume of 3,782,135. The stock has a market cap of $35.28 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $67.19 and a two-hundred day moving average of $66.58. Cognizant Technology Solutions Co. has a 1-year low of $54.25 and a 1-year high of $72.71.
Cognizant Technology Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 21st will be given a dividend of $0.29 per share. The ex-dividend date is Monday, November 20th. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.22%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CTSH. Royal Bank of Canada lifted their price objective on Cognizant Technology Solutions from $66.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. Barclays lifted their price objective on Cognizant Technology Solutions from $53.00 to $61.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 25th. UBS Group initiated coverage on Cognizant Technology Solutions in a report on Tuesday, November 7th. They issued a “neutral” rating and a $70.00 price target for the company. BMO Capital Markets cut their price target on Cognizant Technology Solutions from $78.00 to $73.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. Finally, StockNews.com initiated coverage on Cognizant Technology Solutions in a report on Thursday, October 5th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.94.
Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services; Health Sciences; Products and Resources; and Communications, Media and Technology.
- Five stocks we like better than Cognizant Technology Solutions
- ETF Screener: Uses and Step-by-Step Guide
- Microsoft’s dynamic move: Shares surge as new AI unit established
- Dividend Capture Strategy: What You Need to Know
- Wynn Resorts has an ace up its sleeve
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Zoom Video Communications: A tech phoenix ready to rise
Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.