Empowered Funds LLC Has $13.13 Million Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Empowered Funds LLC lifted its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 8.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 170,122 shares of the information technology service provider's stock after acquiring an additional 12,537 shares during the period. Empowered Funds LLC's holdings in Cognizant Technology Solutions were worth $13,130,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Empirical Finance LLC increased its stake in shares of Cognizant Technology Solutions by 2.0% in the third quarter. Empirical Finance LLC now owns 17,600 shares of the information technology service provider's stock valued at $1,358,000 after purchasing an additional 337 shares during the period. CIBC Asset Management Inc increased its position in Cognizant Technology Solutions by 5.3% in the 3rd quarter. CIBC Asset Management Inc now owns 155,948 shares of the information technology service provider's stock valued at $12,036,000 after acquiring an additional 7,844 shares during the period. ING Groep NV raised its stake in Cognizant Technology Solutions by 61.5% during the 3rd quarter. ING Groep NV now owns 2,478,364 shares of the information technology service provider's stock valued at $191,280,000 after acquiring an additional 943,372 shares in the last quarter. Lifeworks Advisors LLC boosted its position in Cognizant Technology Solutions by 7.0% during the 3rd quarter. Lifeworks Advisors LLC now owns 3,573 shares of the information technology service provider's stock worth $276,000 after acquiring an additional 233 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Cognizant Technology Solutions by 9.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,510 shares of the information technology service provider's stock valued at $966,000 after purchasing an additional 1,091 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Daiwa America upgraded shares of Cognizant Technology Solutions to a "hold" rating in a report on Tuesday, August 27th. Mizuho upped their target price on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. StockNews.com lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $78.83.

Cognizant Technology Solutions Stock Down 4.5 %

Shares of CTSH traded down $3.66 during mid-day trading on Friday, reaching $77.11. The company's stock had a trading volume of 5,411,813 shares, compared to its average volume of 3,826,356. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.41. 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 company has a market cap of $38.23 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05. The business has a fifty day moving average of $76.82 and a 200 day moving average of $72.75.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 EPS 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 analyst estimates 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. As a group, analysts forecast that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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 given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. Cognizant Technology Solutions's payout ratio is 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.