Mn Services Vermogensbeheer B.V. Has $15.04 Million Stock Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Mn Services Vermogensbeheer B.V. increased its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,537 shares of the information technology service provider's stock after purchasing an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Cognizant Technology Solutions were worth $15,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the third quarter valued at about $1,972,000. Retirement Systems of Alabama boosted its holdings in Cognizant Technology Solutions by 3.5% in the third quarter. Retirement Systems of Alabama now owns 1,187,850 shares of the information technology service provider's stock valued at $91,678,000 after purchasing an additional 40,226 shares during the last quarter. CGN Advisors LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter valued at approximately $1,294,000. ICICI Prudential Asset Management Co Ltd increased its holdings in Cognizant Technology Solutions by 50.7% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 429,660 shares of the information technology service provider's stock worth $33,041,000 after purchasing an additional 144,535 shares during the last quarter. Finally, Todd Asset Management LLC raised its position in shares of Cognizant Technology Solutions by 24.4% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock traded down $0.64 during trading on Friday, hitting $83.35. 5,554,261 shares of the stock were exchanged, compared to its average volume of 3,549,361. The stock has a market cap of $41.23 billion, a PE ratio of 18.48, a P/E/G ratio of 2.11 and a beta of 1.07. The stock's fifty day moving average is $81.55 and its 200 day moving average is $79.01. Cognizant Technology Solutions Co. has a 12 month low of $63.79 and a 12 month high of $90.82. 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 announced its quarterly 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%. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Co. will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.24 annualized dividend and a yield of 1.49%. This is an increase from Cognizant Technology Solutions's previous quarterly dividend of $0.30. Cognizant Technology Solutions's payout ratio is presently 27.49%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTSH. UBS Group lifted 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. Needham & Company LLC reissued a "hold" rating on shares of Cognizant Technology Solutions in a research report on Thursday, February 6th. Morgan Stanley increased their price target on shares of Cognizant Technology Solutions from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price objective on Cognizant Technology Solutions from $82.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Finally, StockNews.com raised Cognizant Technology Solutions from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.67.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the transaction, the chief accounting officer now owns 39,022 shares in the company, valued at $3,126,052.42. This represents a 11.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

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.