Atria Investments Inc Has $1.93 Million Stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Atria Investments Inc trimmed its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,019 shares of the information technology service provider's stock after selling 6,819 shares during the period. Atria Investments Inc's holdings in Cognizant Technology Solutions were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTSH. Pinnacle Bancorp Inc. boosted its position 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 purchasing an additional 146 shares during the last quarter. Benjamin Edwards Inc. boosted its position 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 purchasing an additional 158 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Cognizant Technology Solutions by 1.8% in the third quarter. V Square Quantitative Management LLC now owns 11,169 shares of the information technology service provider's stock valued at $862,000 after buying an additional 194 shares during the period. First Personal Financial Services raised its stake in Cognizant Technology Solutions by 0.6% in the second quarter. First Personal Financial Services now owns 34,893 shares of the information technology service provider's stock valued at $2,373,000 after buying an additional 195 shares during the period. Finally, Linscomb Wealth Inc. raised its stake in Cognizant Technology Solutions by 0.8% in the first quarter. Linscomb Wealth Inc. now owns 26,898 shares of the information technology service provider's stock valued at $1,971,000 after buying an additional 201 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTSH has been the topic of several research analyst reports. The Goldman Sachs Group restated a "neutral" rating and issued a $76.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft increased their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Cognizant Technology Solutions from $81.00 to $82.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 28th. Finally, Daiwa America raised Cognizant Technology Solutions to a "hold" rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions has an average rating of "Hold" and an average target price of $78.83.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH traded down $3.15 during mid-day trading on Friday, hitting $77.62. 2,127,928 shares of the stock traded hands, compared to its average volume of 3,811,173. 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 Co. has a twelve month low of $63.79 and a twelve month high of $82.41. The company has a market cap of $38.49 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05. The firm has a 50 day simple moving average of $76.82 and a two-hundred day simple moving average of $72.75.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company earned $1.16 EPS. Cognizant Technology Solutions's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, November 19th. 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.