Marco Investment Management LLC Has $3.48 Million Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Marco Investment Management LLC reduced its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,200 shares of the information technology service provider's stock after selling 3,645 shares during the period. Marco Investment Management LLC's holdings in Cognizant Technology Solutions were worth $3,476,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in Cognizant Technology Solutions by 3.5% during the third quarter. Retirement Systems of Alabama now owns 1,187,850 shares of the information technology service provider's stock worth $91,678,000 after buying an additional 40,226 shares during the period. CGN Advisors LLC acquired a new position in Cognizant Technology Solutions during the fourth quarter worth about $1,294,000. ICICI Prudential Asset Management Co Ltd grew its position in shares of Cognizant Technology Solutions by 50.7% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 429,660 shares of the information technology service provider's stock valued at $33,041,000 after purchasing an additional 144,535 shares during the last quarter. Todd Asset Management LLC grew its position in shares of Cognizant Technology Solutions by 24.4% in the fourth quarter. Todd Asset Management LLC now owns 436,509 shares of the information technology service provider's stock valued at $33,568,000 after purchasing an additional 85,539 shares during the last quarter. Finally, Matthews International Capital Management LLC grew its position in shares of Cognizant Technology Solutions by 52.0% in the fourth quarter. Matthews International Capital Management LLC now owns 50,108 shares of the information technology service provider's stock valued at $3,853,000 after purchasing an additional 17,134 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have recently commented on CTSH shares. Barclays increased their price target on shares of Cognizant Technology Solutions from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. StockNews.com upgraded shares of Cognizant Technology Solutions from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Cognizant Technology Solutions from $82.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognizant Technology Solutions 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 research note on Monday, February 3rd. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $83.67.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH traded up $0.77 during trading on Monday, reaching $84.00. The company had a trading volume of 9,938,424 shares, compared to its average volume of 3,762,991. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $90.82. The firm has a market capitalization of $41.55 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12. The firm's fifty day moving average is $82.12 and its 200 day moving average is $79.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its earnings results 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 net margin of 11.35% and a return on equity of 16.78%. On average, equities analysts forecast that Cognizant Technology Solutions Co. will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Cognizant Technology Solutions's previous quarterly dividend of $0.30. Cognizant Technology Solutions's payout ratio is currently 27.49%.

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.