Yousif Capital Management LLC Sells 1,365 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Yousif Capital Management LLC trimmed its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,870 shares of the information technology service provider’s stock after selling 1,365 shares during the period. Yousif Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $5,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTSH. Addison Advisors LLC lifted its holdings in shares of Cognizant Technology Solutions by 127.7% during 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 period. Ashton Thomas Securities LLC purchased a new stake in Cognizant Technology Solutions during the third quarter valued at $30,000. Trust Co. of Vermont lifted its holdings in Cognizant Technology Solutions by 188.4% in the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after acquiring an additional 292 shares during the period. Pinnacle Bancorp Inc. boosted its position in 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 purchasing an additional 146 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $37,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTSH. UBS Group raised their price objective on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday. TD Cowen lifted their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Royal Bank of Canada upped their price objective on Cognizant Technology Solutions from $82.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday. BMO Capital Markets boosted their price target on Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday. Finally, StockNews.com raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $83.22.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the transaction, the chief accounting officer now owns 39,022 shares in the company, valued at $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by insiders.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH opened at $87.09 on Friday. The company has a market capitalization of $43.18 billion, a P/E ratio of 19.27, a P/E/G ratio of 2.21 and a beta of 1.07. The business’s 50-day moving average is $79.31 and its 200 day moving average is $77.45. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. Cognizant Technology Solutions Co. has a 12 month low of $63.79 and a 12 month high of $87.61.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. On average, equities research analysts forecast that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.42%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. Cognizant Technology Solutions’s payout ratio is currently 26.55%.

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.