B. Metzler seel. Sohn & Co. Holding AG Takes Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,173 shares of the information technology service provider's stock, valued at approximately $1,403,000.

Several other large investors have also recently added to or reduced their stakes in CTSH. Pinnacle Bancorp Inc. lifted its stake in shares of Cognizant Technology Solutions by 47.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider's stock worth $35,000 after acquiring an additional 146 shares during the period. Benjamin Edwards Inc. lifted its position in Cognizant Technology Solutions by 42.1% in 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 during the period. Addison Advisors LLC boosted 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 purchasing an additional 189 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Cognizant Technology Solutions by 32.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 786 shares of the information technology service provider's stock valued at $61,000 after purchasing an additional 193 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in shares of Cognizant Technology Solutions by 1.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 11,169 shares of the information technology service provider's stock worth $862,000 after buying an additional 194 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Cognizant Technology Solutions from $82.00 to $89.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Needham & Company LLC restated a "hold" rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. Bank of America upgraded shares of Cognizant Technology Solutions from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $73.00 to $75.00 in a report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, TD Cowen increased their price objective on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of "Hold" and an average target price of $79.47.

Cognizant Technology Solutions Trading Up 0.9 %

Cognizant Technology Solutions stock opened at $79.54 on Friday. The company has a 50 day moving average price of $76.98 and a 200 day moving average price of $73.24. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $82.41. 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 firm has a market capitalization of $39.44 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.10 and a beta of 1.05.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. Research 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 announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 19th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 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.