Bradley Foster & Sargent Inc. CT Sells 302 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Bradley Foster & Sargent Inc. CT decreased its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,721 shares of the information technology service provider’s stock after selling 302 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Cognizant Technology Solutions were worth $321,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CTSH. 1620 Investment Advisors Inc. bought a new stake in shares of Cognizant Technology Solutions during the 2nd quarter worth approximately $25,000. LRI Investments LLC bought a new stake in Cognizant Technology Solutions during the first quarter worth $28,000. Neo Ivy Capital Management acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at $40,000. Unique Wealth Strategies LLC bought a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at $40,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Cognizant Technology Solutions during the 2nd quarter worth $40,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 6,728 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total transaction of $495,584.48. Following the transaction, the chief executive officer now directly owns 46,427 shares in the company, valued at approximately $3,419,812.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CTSH has been the topic of a number of recent analyst reports. Mizuho reiterated a “neutral” rating and issued a $82.00 target price on shares of Cognizant Technology Solutions in a research report on Tuesday, June 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $76.00 price objective on shares of Cognizant Technology Solutions in a research report on Thursday, September 12th. Barclays raised their target price on shares of 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 upped 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 report on Wednesday, August 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus target price of $77.44.

Cognizant Technology Solutions Stock Down 0.2 %

Shares of NASDAQ CTSH opened at $75.20 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.04. The firm has a market cap of $37.39 billion, a PE ratio of 18.08, a P/E/G ratio of 2.14 and a beta of 1.05. The company’s fifty day simple moving average is $75.32 and its 200 day simple moving average is $71.45. Cognizant Technology Solutions Co. has a 12-month low of $62.14 and a 12-month high of $80.27.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 31st. The information technology service provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. Cognizant Technology Solutions had a return on equity of 17.31% and a net margin of 11.39%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Cognizant Technology Solutions Co. will post 4.62 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. Cognizant Technology Solutions’s payout ratio is 28.85%.

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.