Sheaff Brock Investment Advisors LLC Has $315,000 Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Sheaff Brock Investment Advisors LLC cut its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,075 shares of the information technology service provider’s stock after selling 500 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Cognizant Technology Solutions were worth $315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter worth $1,972,000. Trinity Legacy Partners LLC boosted its holdings in Cognizant Technology Solutions by 14.3% during the third quarter. Trinity Legacy Partners LLC now owns 60,291 shares of the information technology service provider’s stock worth $4,629,000 after purchasing an additional 7,547 shares during the last quarter. Blair William & Co. IL grew its position in Cognizant Technology Solutions by 2.5% in the first quarter. Blair William & Co. IL now owns 16,795 shares of the information technology service provider’s stock valued at $1,231,000 after purchasing an additional 412 shares in the last quarter. Cetera Investment Advisers lifted its position in Cognizant Technology Solutions by 135.4% during the 1st quarter. Cetera Investment Advisers now owns 33,305 shares of the information technology service provider’s stock worth $2,441,000 after buying an additional 19,157 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Cognizant Technology Solutions by 15.9% during the 3rd quarter. National Pension Service now owns 907,902 shares of the information technology service provider’s stock worth $70,072,000 after buying an additional 124,740 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $77.11 on Friday. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market cap of $38.23 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 2.27 and a beta of 1.05. The company has a 50 day simple moving average of $76.85 and a 200 day simple moving average of $72.83.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. Cognizant Technology Solutions’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 EPS. Research analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 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, November 27th. Stockholders of record on Tuesday, November 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, November 19th. Cognizant Technology Solutions’s dividend payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CTSH shares. StockNews.com downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Mizuho increased their price objective on Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group initiated coverage on shares of Cognizant Technology Solutions in a report on Wednesday, August 28th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Barclays boosted their target price on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and an average price target of $78.83.

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.