Napatree Capital LLC Buys New Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Napatree Capital LLC bought a new stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,783 shares of the information technology service provider’s stock, valued at approximately $214,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Cognizant Technology Solutions by 3.6% in the third quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider’s stock worth $1,928,405,000 after purchasing an additional 867,176 shares during the period. Geode Capital Management LLC boosted its position in shares of Cognizant Technology Solutions by 1.3% in 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 purchasing an additional 173,667 shares during the period. Boston Partners boosted its position in shares of Cognizant Technology Solutions by 11.0% in the fourth quarter. Boston Partners now owns 3,406,513 shares of the information technology service provider’s stock worth $261,996,000 after purchasing an additional 336,870 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Cognizant Technology Solutions by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,348,102 shares of the information technology service provider’s stock worth $257,469,000 after purchasing an additional 103,371 shares during the period. Finally, Cibc World Markets Corp boosted its position in shares of Cognizant Technology Solutions by 0.4% in the fourth quarter. Cibc World Markets Corp now owns 2,929,239 shares of the information technology service provider’s stock worth $225,258,000 after purchasing an additional 11,024 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Down 1.0 %

Shares of CTSH opened at $76.42 on Monday. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $90.82. The company has a market cap of $37.80 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.11 and a beta of 1.12. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $82.66 and its 200-day simple moving average is $79.47.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Cognizant Technology Solutions had a net margin of 11.35% and a return on equity of 16.78%. As a group, analysts expect that Cognizant Technology Solutions Co. will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.62%. Cognizant Technology Solutions’s dividend payout ratio is presently 27.49%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CTSH. StockNews.com upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their target price on shares of Cognizant Technology Solutions from $88.00 to $94.00 and gave the stock a “market perform” rating in a report on Thursday, February 6th. Mizuho raised shares of Cognizant Technology Solutions to a “hold” rating in a report on Wednesday, March 19th. UBS Group lowered their target price on shares of Cognizant Technology Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.71.

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.