4,005 Shares in Cognizant Technology Solutions Co. (NASDAQ:CTSH) Acquired by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC bought a new position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,005 shares of the information technology service provider’s stock, valued at approximately $308,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sound View Wealth Advisors Group LLC raised its holdings in Cognizant Technology Solutions by 4.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 2,884 shares of the information technology service provider’s stock valued at $222,000 after acquiring an additional 127 shares during the period. Graypoint LLC raised its holdings in Cognizant Technology Solutions by 2.9% during the fourth quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock valued at $369,000 after acquiring an additional 134 shares during the period. Sandy Cove Advisors LLC raised its holdings in Cognizant Technology Solutions by 3.2% during the fourth quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock valued at $333,000 after acquiring an additional 135 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Cognizant Technology Solutions by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,441 shares of the information technology service provider’s stock valued at $342,000 after acquiring an additional 166 shares during the period. Finally, Cidel Asset Management Inc. raised its holdings in Cognizant Technology Solutions by 3.5% during the fourth quarter. Cidel Asset Management Inc. now owns 5,338 shares of the information technology service provider’s stock valued at $410,000 after acquiring an additional 182 shares during the period. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Trading Up 1.0 %

Shares of NASDAQ CTSH opened at $79.12 on Friday. Cognizant Technology Solutions Co. has a fifty-two week low of $63.79 and a fifty-two week high of $90.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market cap of $39.13 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.11 and a beta of 1.12. The business’s 50 day moving average price is $82.38 and its 200-day moving average price is $79.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. On average, sell-side analysts expect that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.57%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, February 18th. Cognizant Technology Solutions’s payout ratio is 27.49%.

Analyst Ratings Changes

A number of research firms have commented on CTSH. Barclays raised their price target on Cognizant Technology Solutions from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Monday, February 10th. StockNews.com raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. BMO Capital Markets increased their target price on Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a “market perform” rating in a research report on Thursday, February 6th. UBS Group boosted their price target on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.39.

Cognizant Technology Solutions Company 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.