Toth Financial Advisory Corp Acquires 311 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Toth Financial Advisory Corp grew its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,359 shares of the information technology service provider’s stock after buying an additional 311 shares during the quarter. Toth Financial Advisory Corp’s holdings in Cognizant Technology Solutions were worth $2,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New England Research & Management Inc. acquired a new position in shares of Cognizant Technology Solutions during the 1st quarter worth about $852,000. Kathmere Capital Management LLC increased its stake in shares of Cognizant Technology Solutions by 21.9% during the 1st quarter. Kathmere Capital Management LLC now owns 4,937 shares of the information technology service provider’s stock worth $362,000 after purchasing an additional 888 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Cognizant Technology Solutions during the 1st quarter worth about $2,697,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Cognizant Technology Solutions by 3.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,420 shares of the information technology service provider’s stock worth $3,256,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in shares of Cognizant Technology Solutions by 9.0% during the 1st quarter. Janiczek Wealth Management LLC now owns 7,496 shares of the information technology service provider’s stock worth $549,000 after purchasing an additional 616 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Trading Up 0.4 %

Shares of CTSH stock traded up $0.27 during trading hours on Friday, hitting $68.00. 5,939,406 shares of the company’s stock traded hands, compared to its average volume of 3,625,078. The stock’s 50 day simple moving average is $67.13 and its 200 day simple moving average is $72.35. The stock has a market cap of $33.81 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.03 and a beta of 1.04. Cognizant Technology Solutions Co. has a 12 month low of $62.14 and a 12 month high of $80.09. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, May 1st. The information technology service provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. Cognizant Technology Solutions had a net margin of 10.84% and a return on equity of 17.48%. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the company posted $1.11 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Cognizant Technology Solutions Co. will post 4.61 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Friday, May 17th. Cognizant Technology Solutions’s payout ratio is 28.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Susquehanna decreased their price target on shares of Cognizant Technology Solutions from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Guggenheim assumed coverage on shares of Cognizant Technology Solutions in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Cognizant Technology Solutions from $81.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI increased their target price on shares of Cognizant Technology Solutions from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Finally, Citigroup decreased their target price on shares of Cognizant Technology Solutions from $90.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of “Hold” and an average price target of $75.44.

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.