Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lowered its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,308 shares of the information technology service provider’s stock after selling 1,182 shares during the quarter. TD Private Client Wealth LLC’s holdings in Cognizant Technology Solutions were worth $1,254,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CTSH. Duncker Streett & Co. Inc. acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $28,000. Trust Co. of Vermont boosted its stake in Cognizant Technology Solutions by 188.4% during the 4th quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock worth $34,000 after purchasing an additional 292 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $36,000. Spire Wealth Management boosted its stake in Cognizant Technology Solutions by 74.7% during the 4th quarter. Spire Wealth Management now owns 477 shares of the information technology service provider’s stock worth $37,000 after purchasing an additional 204 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new stake in Cognizant Technology Solutions during the 4th quarter worth $37,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 1.0 %

Shares of CTSH opened at $76.42 on Friday. The firm has a market cap of $37.80 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $90.82. The company’s 50-day moving average price is $82.66 and its 200 day moving average price is $79.45. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

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

Cognizant Technology Solutions Increases Dividend

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

Analyst Ratings Changes

CTSH has been the topic of several recent research reports. BMO Capital Markets lifted 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 research note on Thursday, February 6th. Barclays lifted their target price on shares of Cognizant Technology Solutions from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their target price on shares of Cognizant Technology Solutions from $82.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, February 6th. Finally, Morgan Stanley reduced their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.71.

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.