Versor Investments LP Buys Shares of 4,328 Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Versor Investments LP purchased a new position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,328 shares of the information technology service provider’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently modified their holdings of CTSH. Pinnacle Bancorp Inc. grew its position in Cognizant Technology Solutions by 47.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after buying an additional 146 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Cognizant Technology Solutions by 42.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock worth $36,000 after acquiring an additional 158 shares during the period. Addison Advisors LLC boosted its holdings in shares of 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 valued at $26,000 after acquiring an additional 189 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Cognizant Technology Solutions by 1.8% during the third quarter. V Square Quantitative Management LLC now owns 11,169 shares of the information technology service provider’s stock valued at $862,000 after acquiring an additional 194 shares during the period. Finally, First Personal Financial Services raised its holdings in Cognizant Technology Solutions by 0.6% during the second quarter. First Personal Financial Services now owns 34,893 shares of the information technology service provider’s stock worth $2,373,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Cognizant Technology Solutions from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada boosted their price target 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. Jefferies Financial Group began coverage on shares of Cognizant Technology Solutions in a research report on Wednesday, August 28th. They set a “buy” rating and a $90.00 price objective for the company. Mizuho boosted their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Bank of America upgraded shares of Cognizant Technology Solutions from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $73.00 to $75.00 in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $78.83.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $77.11 on Friday. The company has a market capitalization of $38.23 billion, a PE ratio of 17.06, a PEG ratio of 2.27 and a beta of 1.05. 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 company’s 50 day moving average price is $76.82 and its 200 day moving average price is $72.75. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $82.41.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. Cognizant Technology Solutions’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. Research analysts expect that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Cognizant Technology Solutions’s dividend payout ratio is 26.55%.

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.