Seizert Capital Partners LLC Buys 8,850 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Seizert Capital Partners LLC grew its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,452 shares of the information technology service provider's stock after purchasing an additional 8,850 shares during the quarter. Seizert Capital Partners LLC's holdings in Cognizant Technology Solutions were worth $8,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CTSH. Addison Advisors LLC boosted its position in Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider's stock valued at $26,000 after buying an additional 189 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Cognizant Technology Solutions in the third quarter worth $30,000. Finally, Pinnacle Bancorp Inc. grew its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CTSH. Mizuho boosted their price objective on Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, November 1st. The Goldman Sachs Group reiterated a "neutral" rating and set a $76.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Barclays raised their target price on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird increased their price target on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $79.47.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock traded down $3.66 during trading on Friday, hitting $77.11. The stock had a trading volume of 5,411,813 shares, compared to its average volume of 3,675,610. The business has a fifty day moving average of $76.85 and a two-hundred day moving average of $72.88. The firm has a market cap of $38.23 billion, a P/E ratio of 17.06, a PEG ratio of 2.13 and a beta of 1.05. 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 debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued 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 business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. On average, sell-side analysts expect 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 will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, November 19th. 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.