Reinhart Partners LLC. Sells 24,518 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Reinhart Partners LLC. lessened its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,034 shares of the information technology service provider's stock after selling 24,518 shares during the period. Reinhart Partners LLC.'s holdings in Cognizant Technology Solutions were worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CTSH. Addison Advisors LLC raised its stake in Cognizant Technology Solutions by 127.7% in the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider's stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $30,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Cognizant Technology Solutions by 47.4% during the 3rd 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 during the last quarter. Benjamin Edwards Inc. grew its position in Cognizant Technology Solutions by 42.1% in the second quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider's stock worth $36,000 after acquiring an additional 158 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Cognizant Technology Solutions during the third quarter valued at about $37,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CTSH. StockNews.com upgraded Cognizant Technology Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Mizuho boosted their price objective 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. TD Cowen upped their price objective on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Finally, Barclays upgraded shares of Cognizant Technology Solutions from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $80.00 to $95.00 in a research report on Tuesday, December 17th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of "Hold" and a consensus target price of $81.19.

Cognizant Technology Solutions Trading Up 1.8 %

Shares of NASDAQ:CTSH traded up $1.36 on Monday, hitting $76.68. The company had a trading volume of 3,190,973 shares, compared to its average volume of 2,637,117. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.46. 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 50-day simple moving average is $79.06 and its two-hundred day simple moving average is $76.31. The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.24 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business's revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

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

Insider Buying and Selling

In other news, CAO John Sunshin Kim sold 5,000 shares of Cognizant Technology Solutions stock in a transaction dated Tuesday, December 3rd. The stock was 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 of the company's stock, valued at $3,126,052.42. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.