Natixis Advisors LLC Buys 90,097 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Natixis Advisors LLC raised its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 664,319 shares of the information technology service provider's stock after buying an additional 90,097 shares during the quarter. Natixis Advisors LLC owned 0.13% of Cognizant Technology Solutions worth $51,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CTSH. Pinnacle Bancorp Inc. increased its holdings in shares of Cognizant Technology Solutions by 47.4% in the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider's stock worth $35,000 after acquiring an additional 146 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of 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 during the period. Addison Advisors LLC grew its holdings in shares of 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. V Square Quantitative Management LLC raised its position in Cognizant Technology Solutions by 1.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 11,169 shares of the information technology service provider's stock valued at $862,000 after buying an additional 194 shares during the last quarter. Finally, First Personal Financial Services lifted its stake in Cognizant Technology Solutions by 0.6% in the 2nd quarter. First Personal Financial Services now owns 34,893 shares of the information technology service provider's stock valued at $2,373,000 after acquiring an additional 195 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock traded down $3.66 on Friday, hitting $77.11. The company's stock had a trading volume of 5,411,813 shares, compared to its average volume of 3,675,610. Cognizant Technology Solutions Co. has a fifty-two week low of $63.79 and a fifty-two week high of $82.41. The company has a market capitalization of $38.23 billion, a PE ratio of 17.06, a PEG ratio of 2.13 and a beta of 1.05. The stock's 50 day moving average is $76.85 and its 200-day moving average is $72.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. Equities research analysts expect that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, November 19th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 26.55%.

Wall Street Analysts Forecast Growth

CTSH has been the subject of a number of analyst reports. Daiwa America raised shares of Cognizant Technology Solutions to a "hold" rating in a research report on Tuesday, August 27th. TD Cowen lifted their target price on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Barclays upped their target price 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 raised their price target on Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group initiated coverage on Cognizant Technology Solutions in a research note on Wednesday, August 28th. They set a "buy" rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $79.47.

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.