22,182 Shares in Cognizant Technology Solutions Co. (NASDAQ:CTSH) Acquired by Centiva Capital LP

Centiva Capital LP bought a new stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,182 shares of the information technology service provider's stock, valued at approximately $1,712,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new stake in Cognizant Technology Solutions during the second quarter worth approximately $25,000. Addison Advisors LLC grew its position in Cognizant Technology Solutions by 127.7% during the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider's stock worth $26,000 after buying an additional 189 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Cognizant Technology Solutions during the third quarter worth approximately $30,000. Pinnacle Bancorp Inc. grew 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 worth $35,000 after buying an additional 146 shares in the last quarter. Finally, Benjamin Edwards Inc. grew 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 worth $36,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CTSH shares. Royal Bank of Canada increased their price target on Cognizant Technology Solutions from $81.00 to $82.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft upped 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. Needham & Company LLC restated a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. The Goldman Sachs Group restated a "neutral" rating and set a $76.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, September 12th. Finally, StockNews.com cut Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $79.47.

Cognizant Technology Solutions Trading Up 0.8 %

Cognizant Technology Solutions stock traded up $0.60 during trading hours on Wednesday, reaching $80.58. 1,914,806 shares of the company's stock were exchanged, compared to its average volume of 3,794,927. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $77.72 and its 200 day simple moving average is $73.98. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $82.41. The firm has a market capitalization of $39.95 billion, a PE ratio of 17.83, a PEG ratio of 2.23 and a beta of 1.06.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 26.55%.

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.