Trinity Legacy Partners LLC Has $4.63 Million Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Trinity Legacy Partners LLC increased its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,291 shares of the information technology service provider's stock after buying an additional 7,547 shares during the period. Trinity Legacy Partners LLC's holdings in Cognizant Technology Solutions were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CTSH. International Assets Investment Management LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter valued at about $1,972,000. Blair William & Co. IL increased its stake in Cognizant Technology Solutions by 2.5% in the first quarter. Blair William & Co. IL now owns 16,795 shares of the information technology service provider's stock valued at $1,231,000 after acquiring an additional 412 shares during the last quarter. Duality Advisers LP acquired a new position in Cognizant Technology Solutions during the first quarter valued at approximately $1,687,000. Norden Group LLC bought a new stake in Cognizant Technology Solutions during the first quarter worth $233,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Cognizant Technology Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 650,385 shares of the information technology service provider's stock valued at $47,667,000 after purchasing an additional 53,061 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Down 1.3 %

Cognizant Technology Solutions stock traded down $1.05 during mid-day trading on Friday, hitting $80.31. 3,994,358 shares of the stock were exchanged, compared to its average volume of 3,834,461. The stock has a market capitalization of $39.81 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.06 and a beta of 1.05. Cognizant Technology Solutions Co. has a 12 month low of $63.79 and a 12 month high of $81.75. 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 fifty day simple moving average is $76.47 and its two-hundred day simple moving average is $72.36.

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 for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm earned $1.16 earnings per share. Cognizant Technology Solutions's quarterly revenue was up 3.0% on a year-over-year basis. Analysts forecast that Cognizant Technology Solutions Co. will post 4.66 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.49%. Cognizant Technology Solutions's dividend payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTSH. Barclays boosted their price target on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 23rd. Mizuho increased their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of 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 reiterated a "hold" rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. Finally, TD Cowen raised their target price on shares of 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 analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of "Hold" and an average price target of $78.83.

About Cognizant Technology Solutions

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.