Camelot Portfolios LLC Sells 210 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Camelot Portfolios LLC lowered its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,558 shares of the information technology service provider’s stock after selling 210 shares during the period. Camelot Portfolios LLC’s holdings in Cognizant Technology Solutions were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CTSH. International Assets Investment Management LLC purchased a new stake in Cognizant Technology Solutions in the third quarter valued at about $1,972,000. Retirement Systems of Alabama increased its holdings in shares of Cognizant Technology Solutions by 3.5% during the third quarter. Retirement Systems of Alabama now owns 1,187,850 shares of the information technology service provider’s stock valued at $91,678,000 after acquiring an additional 40,226 shares in the last quarter. CGN Advisors LLC purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter valued at approximately $1,294,000. ICICI Prudential Asset Management Co Ltd boosted its stake in Cognizant Technology Solutions by 50.7% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 429,660 shares of the information technology service provider’s stock worth $33,041,000 after purchasing an additional 144,535 shares in the last quarter. Finally, Matthews International Capital Management LLC grew its position in Cognizant Technology Solutions by 52.0% during the 4th quarter. Matthews International Capital Management LLC now owns 50,108 shares of the information technology service provider’s stock worth $3,853,000 after purchasing an additional 17,134 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the sale, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $84.82 on Friday. The business’s 50 day moving average price is $81.11 and its 200 day moving average price is $78.57. The company has a market cap of $42.05 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $90.82.

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

Cognizant Technology Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.46%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 27.49%.

Analyst Ratings Changes

Several brokerages have commented on CTSH. Mizuho lifted their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Barclays increased 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. Robert W. Baird upped their price target on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets lifted their price target on shares of Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a “market perform” rating in a research note on Thursday, February 6th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $83.67.

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.