Hancock Whitney Corp Has $218,000 Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Hancock Whitney Corp trimmed its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 24.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,827 shares of the information technology service provider’s stock after selling 936 shares during the period. Hancock Whitney Corp’s holdings in Cognizant Technology Solutions were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. 1620 Investment Advisors Inc. acquired a new stake in shares of Cognizant Technology Solutions during the second quarter worth approximately $25,000. Addison Advisors LLC grew 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 acquiring an additional 189 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Cognizant Technology Solutions in the first quarter worth $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Cognizant Technology Solutions during the third quarter worth $30,000. Finally, Pinnacle Bancorp Inc. boosted its position in Cognizant Technology Solutions by 47.4% during the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTSH has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. Royal Bank of Canada boosted their target price on shares of Cognizant Technology Solutions from $81.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. Mizuho increased their price target on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Bank of America raised shares of Cognizant Technology Solutions from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $73.00 to $75.00 in a report on Wednesday, August 7th. Finally, 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. 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $79.47.

Cognizant Technology Solutions Trading Down 0.4 %

CTSH opened at $80.75 on Thursday. The firm has a market cap of $40.04 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $82.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. The firm’s fifty day moving average is $77.24 and its two-hundred day moving average is $73.56.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Cognizant Technology Solutions’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. Cognizant Technology Solutions’s payout ratio is 26.55%.

Cognizant Technology Solutions 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.