Strengthening Families & Communities LLC Has $1.83 Million Stock Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Strengthening Families & Communities LLC lifted its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,679 shares of the information technology service provider’s stock after buying an additional 1,648 shares during the period. Strengthening Families & Communities LLC’s holdings in Cognizant Technology Solutions were worth $1,828,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. 1620 Investment Advisors Inc. acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at about $25,000. Addison Advisors LLC increased its stake in shares of Cognizant Technology Solutions by 127.7% in the third 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. LRI Investments LLC acquired a new stake in shares of Cognizant Technology Solutions in the first quarter valued at about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $30,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of 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 valued at $35,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 4.5 %

Shares of CTSH stock opened at $77.11 on Monday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $76.85 and a two-hundred day moving average price of $72.93. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $82.41. The firm has a market cap of $38.23 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates 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 revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. Equities analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 EPS 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 issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. Cognizant Technology Solutions’s dividend payout ratio is presently 26.55%.

Wall Street Analysts Forecast Growth

CTSH has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on Cognizant Technology Solutions from $82.00 to $89.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $76.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, September 12th. Daiwa America raised Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, August 27th. TD Cowen increased their price objective 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, Robert W. Baird increased their price objective on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus target price of $79.47.

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.