Kathmere Capital Management LLC Buys 888 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Kathmere Capital Management LLC boosted its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 21.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,937 shares of the information technology service provider’s stock after purchasing an additional 888 shares during the quarter. Kathmere Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTSH. IFG Advisory LLC boosted its holdings in Cognizant Technology Solutions by 45.1% during the fourth quarter. IFG Advisory LLC now owns 67,119 shares of the information technology service provider’s stock valued at $5,070,000 after acquiring an additional 20,874 shares during the period. Vanguard Group Inc. grew its holdings in Cognizant Technology Solutions by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 51,111,915 shares of the information technology service provider’s stock valued at $3,860,483,000 after buying an additional 7,445,089 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Cognizant Technology Solutions by 7.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 532,677 shares of the information technology service provider’s stock worth $39,242,000 after buying an additional 38,526 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Cognizant Technology Solutions by 16.8% during the fourth quarter. Merit Financial Group LLC now owns 3,523 shares of the information technology service provider’s stock worth $266,000 after buying an additional 508 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $1,786,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock opened at $68.00 on Friday. The stock’s fifty day moving average is $67.13 and its 200-day moving average is $72.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.35 and a current ratio of 2.35. Cognizant Technology Solutions Co. has a 52 week low of $62.14 and a 52 week high of $80.09. The stock has a market capitalization of $33.81 billion, a PE ratio of 16.35, a PEG ratio of 2.03 and a beta of 1.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, May 1st. The information technology service provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. Cognizant Technology Solutions had a net margin of 10.84% and a return on equity of 17.48%. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the company posted $1.11 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts expect that Cognizant Technology Solutions Co. will post 4.61 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, May 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.85%.

Analyst Ratings Changes

Several research firms recently commented on CTSH. Evercore ISI upped their target price on shares of Cognizant Technology Solutions from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Mizuho reissued a “neutral” rating and set a $82.00 target price on shares of Cognizant Technology Solutions in a research report on Tuesday, June 11th. Guggenheim started coverage on Cognizant Technology Solutions in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $80.00 price objective for the company. Citigroup lowered their price objective on Cognizant Technology Solutions from $90.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Susquehanna reduced their target price 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. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.44.

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.