CWA Asset Management Group LLC Has $350,000 Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

CWA Asset Management Group LLC grew its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Get Rating) by 28.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,114 shares of the information technology service provider’s stock after purchasing an additional 1,362 shares during the period. CWA Asset Management Group LLC’s holdings in Cognizant Technology Solutions were worth $350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in shares of Cognizant Technology Solutions during the 2nd quarter worth approximately $26,000. Neo Ivy Capital Management boosted its position in shares of Cognizant Technology Solutions by 75.6% during the 3rd quarter. Neo Ivy Capital Management now owns 504 shares of the information technology service provider’s stock worth $29,000 after acquiring an additional 217 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Cognizant Technology Solutions by 492.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 587 shares of the information technology service provider’s stock worth $34,000 after acquiring an additional 488 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of Cognizant Technology Solutions by 55.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 731 shares of the information technology service provider’s stock worth $42,000 after acquiring an additional 260 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Cognizant Technology Solutions by 263.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 781 shares of the information technology service provider’s stock worth $45,000 after acquiring an additional 566 shares in the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $57.79 on Friday. Cognizant Technology Solutions Co. has a twelve month low of $51.33 and a twelve month high of $93.47. The firm has a fifty day simple moving average of $63.77 and a 200 day simple moving average of $60.89. The company has a market capitalization of $29.43 billion, a PE ratio of 13.07, a P/E/G ratio of 1.16 and a beta of 1.10. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Rating) last announced its earnings results on Thursday, February 2nd. The information technology service provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.78 billion. Cognizant Technology Solutions had a net margin of 11.79% and a return on equity of 18.92%. Cognizant Technology Solutions’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. On average, sell-side analysts forecast that Cognizant Technology Solutions Co. will post 4.46 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 17th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.01%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 16th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 26.24%.

Analysts Set New Price Targets

CTSH has been the topic of several analyst reports. Wolfe Research lowered shares of Cognizant Technology Solutions from a “peer perform” rating to an “underperform” rating and set a $49.00 price target on the stock. in a research report on Thursday, January 5th. JPMorgan Chase & Co. lowered shares of Cognizant Technology Solutions from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $61.00 to $62.00 in a research report on Thursday, December 15th. TheStreet upgraded shares of Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, January 31st. Wedbush restated an “outperform” rating and issued a $75.00 target price on shares of Cognizant Technology Solutions in a research report on Monday, March 13th. Finally, BMO Capital Markets raised their target price on shares of Cognizant Technology Solutions from $65.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, January 13th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.90.

Cognizant Technology Solutions Company Profile

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Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following business segments: Financial Services, Healthcare, Products and Resources, and Communications, Media, and Technology. The Financial Services segment consists of banking and insurance services.