4,965 Shares in Cognizant Technology Solutions Co. (NASDAQ:CTSH) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. bought a new stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,965 shares of the information technology service provider’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates grew its position in Cognizant Technology Solutions by 1.0% in the 3rd quarter. Raymond James & Associates now owns 434,244 shares of the information technology service provider’s stock valued at $29,416,000 after buying an additional 4,092 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Cognizant Technology Solutions by 8.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,932 shares of the information technology service provider’s stock worth $2,637,000 after purchasing an additional 3,088 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Cognizant Technology Solutions by 6.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,322 shares of the information technology service provider’s stock valued at $225,000 after purchasing an additional 205 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Cognizant Technology Solutions by 20.5% in the 3rd quarter. Brown Advisory Inc. now owns 126,181 shares of the information technology service provider’s stock worth $8,547,000 after buying an additional 21,464 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cognizant Technology Solutions by 6.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 279,188 shares of the information technology service provider’s stock valued at $18,912,000 after buying an additional 17,092 shares during the period. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $77.06, for a total transaction of $69,354.00. Following the sale, the executive vice president now owns 8,312 shares in the company, valued at $640,522.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, May 2nd. Royal Bank of Canada increased their target price on shares of Cognizant Technology Solutions from $74.00 to $77.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, May 2nd. Susquehanna cut their price objective on Cognizant Technology Solutions from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Mizuho assumed coverage on Cognizant Technology Solutions in a report on Tuesday, January 30th. They issued a “neutral” rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.67.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock traded up $1.24 during trading hours on Tuesday, reaching $67.66. 3,052,430 shares of the company’s stock were exchanged, compared to its average volume of 4,340,753. The business has a fifty day moving average price of $71.82 and a 200-day moving average price of $72.57. The stock has a market capitalization of $33.68 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.51 and a beta of 1.08. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Co. has a fifty-two week low of $60.26 and a fifty-two week high of $80.09.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, May 1st. The information technology service provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.72 billion. Cognizant Technology Solutions had a net margin of 10.84% and a return on equity of 17.48%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. Analysts predict that Cognizant Technology Solutions Co. will post 4.6 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, May 17th. Cognizant Technology Solutions’s payout ratio is presently 28.85%.

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.