Fiduciary Trust Co Buys 210 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Fiduciary Trust Co raised its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,175 shares of the information technology service provider’s stock after purchasing an additional 210 shares during the quarter. Fiduciary Trust Co’s holdings in Cognizant Technology Solutions were worth $6,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. 1620 Investment Advisors Inc. bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth about $25,000. Addison Advisors LLC raised its stake in 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 worth $26,000 after buying an additional 189 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $30,000. Finally, Pinnacle Bancorp Inc. increased its position in shares of 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 worth $35,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 0.4 %

Shares of NASDAQ CTSH opened at $80.75 on Friday. The company has a 50 day simple moving average of $77.35 and a 200-day simple moving average of $73.61. The company has a market capitalization of $40.04 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.22 and a beta of 1.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.41.

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

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were given 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 currently 26.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CTSH shares. TD Cowen upped their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Mizuho upped 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. Royal Bank of Canada increased 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 note on Wednesday, August 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.47.

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.