CGN Advisors LLC Makes New Investment in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

CGN Advisors LLC bought a new position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,831 shares of the information technology service provider's stock, valued at approximately $1,294,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Graypoint LLC boosted its stake in Cognizant Technology Solutions by 2.9% during the 4th quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider's stock worth $369,000 after acquiring an additional 134 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in Cognizant Technology Solutions by 47.4% in the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider's stock worth $35,000 after purchasing an additional 146 shares during the period. Benjamin Edwards Inc. boosted its position in shares of 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 worth $36,000 after purchasing an additional 158 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Cognizant Technology Solutions by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider's stock worth $669,000 after purchasing an additional 183 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of 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 valued at $26,000 after buying an additional 189 shares during the period. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH traded up $0.38 on Friday, hitting $77.81. 3,580,359 shares of the stock were exchanged, compared to its average volume of 2,267,100. The business's fifty day moving average is $78.93 and its 200 day moving average is $76.51. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $82.46. The company has a market capitalization of $38.58 billion, a PE ratio of 17.21, a P/E/G ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. During the same quarter last year, the company posted $1.16 earnings per share. Cognizant Technology Solutions's quarterly revenue was up 3.0% on a year-over-year basis. Research analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given 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 1.54%. Cognizant Technology Solutions's dividend payout ratio (DPR) is 26.55%.

Analyst Upgrades and Downgrades

CTSH has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Robert W. Baird lifted their price objective on Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. TD Cowen raised their target price on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Barclays upgraded shares of Cognizant Technology Solutions from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $80.00 to $95.00 in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $81.19.

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 that occurred 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 in the company, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

Cognizant Technology Solutions 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.