Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 136.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,504 shares of the information technology service provider's stock after purchasing an additional 4,335 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Cognizant Technology Solutions were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Addison Advisors LLC lifted its stake in Cognizant Technology Solutions by 127.7% during the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider's stock valued at $26,000 after acquiring an additional 189 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Cognizant Technology Solutions during the third quarter worth $30,000. Trust Co. of Vermont lifted its position in Cognizant Technology Solutions by 188.4% during the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider's stock valued at $34,000 after purchasing an additional 292 shares during the period. Spire Wealth Management lifted its position in Cognizant Technology Solutions by 74.7% during the fourth quarter. Spire Wealth Management now owns 477 shares of the information technology service provider's stock valued at $37,000 after purchasing an additional 204 shares during the period. Finally, Asset Planning Inc purchased a new stake in Cognizant Technology Solutions in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Activity at Cognizant Technology Solutions

In related 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 value of $400,550.00. Following the completion of the sale, the chief accounting officer now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH traded down $0.64 during trading hours on Friday, hitting $83.35. 5,554,261 shares of the stock were exchanged, compared to its average volume of 3,549,361. The company has a market cap of $41.23 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.11 and a beta of 1.07. The firm's fifty day moving average price is $81.55 and its 200 day moving average price is $78.98. Cognizant Technology Solutions Co. has a 52-week low of $63.79 and a 52-week high of $90.82. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. As a group, equities research analysts anticipate that Cognizant Technology Solutions Co. will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Cognizant Technology Solutions's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.49%. Cognizant Technology Solutions's payout ratio is presently 27.49%.

Wall Street Analyst Weigh In

CTSH has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a "market perform" rating in a report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Cognizant Technology Solutions in a report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Cognizant Technology Solutions from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted their target price on shares of Cognizant Technology Solutions from $82.00 to $93.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Finally, UBS Group increased their price target on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $83.67.

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.