Union Bancaire Privee UBP SA Invests $1.96 Million in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Union Bancaire Privee UBP SA bought a new position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,835 shares of the information technology service provider's stock, valued at approximately $1,962,000.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of Cognizant Technology Solutions by 3.6% in the 3rd quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider's stock valued at $1,928,405,000 after buying an additional 867,176 shares during the period. Geode Capital Management LLC increased its stake in Cognizant Technology Solutions by 1.3% during the third quarter. Geode Capital Management LLC now owns 13,280,223 shares of the information technology service provider's stock worth $1,022,728,000 after acquiring an additional 173,667 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Cognizant Technology Solutions by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,244,731 shares of the information technology service provider's stock valued at $250,428,000 after purchasing an additional 44,129 shares during the period. Bank of Montreal Can lifted its stake in shares of Cognizant Technology Solutions by 29.7% in the 3rd quarter. Bank of Montreal Can now owns 2,748,982 shares of the information technology service provider's stock valued at $211,369,000 after purchasing an additional 628,970 shares during the last quarter. Finally, ING Groep NV grew its holdings in shares of Cognizant Technology Solutions by 61.5% during the 3rd quarter. ING Groep NV now owns 2,478,364 shares of the information technology service provider's stock worth $191,280,000 after purchasing an additional 943,372 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Down 0.2 %

Shares of Cognizant Technology Solutions stock traded down $0.16 during trading on Tuesday, hitting $80.96. 2,555,671 shares of the stock were exchanged, compared to its average volume of 2,656,906. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $82.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The firm's 50-day moving average price is $78.85 and its 200 day moving average price is $77.05.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, November 19th. Cognizant Technology Solutions's dividend payout ratio (DPR) is 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 transaction of $400,550.00. Following the sale, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted 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 note on Tuesday, October 22nd. Barclays raised shares of Cognizant Technology Solutions from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $80.00 to $95.00 in a research report on Tuesday, December 17th. TD Cowen upped their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, Mizuho raised their price target on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $81.19.

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.