Czech National Bank increased its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 107,505 shares of the information technology service provider’s stock after acquiring an additional 6,535 shares during the period. Czech National Bank’s holdings in Cognizant Technology Solutions were worth $8,267,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTSH. Addison Advisors LLC boosted its stake in Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after purchasing an additional 189 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Cognizant Technology Solutions in the third quarter worth $30,000. Pinnacle Bancorp Inc. grew its stake in Cognizant Technology Solutions by 47.4% during the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after acquiring an additional 146 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Cognizant Technology Solutions by 42.1% during the second quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock valued at $36,000 after acquiring an additional 158 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Cognizant Technology Solutions in the 3rd quarter worth $37,000. Institutional investors own 92.44% of the company’s stock.
Insider Buying and Selling at Cognizant Technology Solutions
In other news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total transaction of $400,550.00. Following the transaction, the chief accounting officer now owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on CTSH
Cognizant Technology Solutions Trading Up 0.6 %
CTSH opened at $77.17 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. The stock’s 50 day moving average price is $79.09 and its 200-day moving average price is $76.37. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $82.46. The stock has a market cap of $38.26 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 2.21 and a beta of 1.06.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the company posted $1.16 EPS. Cognizant Technology Solutions’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Cognizant Technology Solutions Co. will post 4.66 EPS for the current year.
Cognizant Technology Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. Cognizant Technology Solutions’s payout ratio is 26.55%.
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.
See Also
- Five stocks we like better than Cognizant Technology Solutions
- Comparing and Trading High PE Ratio Stocks
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- About the Markup Calculator
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- What is a Death Cross in Stocks?
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report).
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.