Larson Financial Group LLC Sells 347 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Larson Financial Group LLC decreased its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the information technology service provider’s stock after selling 347 shares during the quarter. Larson Financial Group LLC’s holdings in Cognizant Technology Solutions were worth $138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Addison Advisors LLC lifted its position in Cognizant Technology Solutions by 127.7% during the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after purchasing an additional 189 shares during the period. Duncker Streett & Co. Inc. bought a new stake in Cognizant Technology Solutions during the fourth quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in Cognizant Technology Solutions during the third quarter worth about $30,000. Trust Co. of Vermont lifted its position in Cognizant Technology Solutions by 188.4% during the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock worth $34,000 after purchasing an additional 292 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Cognizant Technology Solutions during the fourth quarter worth about $36,000. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CTSH shares. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, February 6th. Royal Bank of Canada boosted their target price on Cognizant Technology Solutions from $82.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Morgan Stanley boosted their target price on Cognizant Technology Solutions from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their target price on Cognizant Technology Solutions from $88.00 to $94.00 and gave the stock a “market perform” rating in a research note on Thursday, February 6th. Finally, UBS Group boosted their target price on Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $83.67.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $82.47 on Wednesday. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $90.82. The business’s fifty day moving average is $82.23 and its 200 day moving average is $79.38. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The stock has a market cap of $40.79 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.11 and a beta of 1.12.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. Sell-side analysts anticipate that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were given a $0.31 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 27.49%.

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.