Asset Management One Co. Ltd. Acquires 6,488 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Asset Management One Co. Ltd. grew its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,615 shares of the information technology service provider's stock after buying an additional 6,488 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Cognizant Technology Solutions were worth $17,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Graypoint LLC increased its stake in shares of 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 purchasing an additional 134 shares during the last quarter. Sandy Cove Advisors LLC increased its stake in shares of Cognizant Technology Solutions by 3.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider's stock worth $333,000 after purchasing an additional 135 shares during the last quarter. Cidel Asset Management Inc. grew its stake in Cognizant Technology Solutions by 3.5% in the 4th quarter. Cidel Asset Management Inc. now owns 5,338 shares of the information technology service provider's stock valued at $410,000 after buying an additional 182 shares during the last quarter. Ritholtz Wealth Management grew its stake in Cognizant Technology Solutions by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider's stock valued at $669,000 after buying an additional 183 shares during the last quarter. Finally, Addison Advisors LLC grew 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 valued at $26,000 after buying an additional 189 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the transaction, the chief accounting officer now directly owns 39,022 shares of the company's stock, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on CTSH shares. Mizuho upped their price target on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. UBS Group boosted their price objective on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. StockNews.com raised shares of Cognizant Technology Solutions from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Barclays boosted their price objective on shares of Cognizant Technology Solutions from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, TD Cowen upped their price target 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. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.67.

Cognizant Technology Solutions Stock Down 0.4 %

NASDAQ:CTSH traded down $0.34 during trading hours on Wednesday, reaching $88.43. The company had a trading volume of 2,756,812 shares, compared to its average volume of 3,257,113. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm has a market cap of $43.85 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.19 and a beta of 1.07. The business's 50-day simple moving average is $80.72 and its two-hundred day simple moving average is $78.35. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a net margin of 11.35% and a return on equity of 16.78%. On average, equities analysts expect that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.40%. This is a boost from Cognizant Technology Solutions's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, February 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 26.61%.

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.