Ronald Blue Trust Inc. decreased its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) by 51.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 607 shares of the information technology service provider’s stock after selling 656 shares during the period. Ronald Blue Trust Inc.’s holdings in Cognizant Technology Solutions were worth $37,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC increased its position in Cognizant Technology Solutions by 4.8% during the second quarter. Harbor Investment Advisory LLC now owns 19,490 shares of the information technology service provider’s stock worth $1,272,000 after purchasing an additional 885 shares during the last quarter. Park Avenue Securities LLC increased its position in Cognizant Technology Solutions by 6.1% during the second quarter. Park Avenue Securities LLC now owns 28,301 shares of the information technology service provider’s stock worth $1,847,000 after purchasing an additional 1,628 shares during the last quarter. Marcum Wealth LLC acquired a new position in Cognizant Technology Solutions during the second quarter worth approximately $207,000. Hudson Capital Management LLC increased its position in Cognizant Technology Solutions by 4.0% during the second quarter. Hudson Capital Management LLC now owns 51,031 shares of the information technology service provider’s stock worth $3,331,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Atlas Private Wealth Management acquired a new position in Cognizant Technology Solutions during the second quarter worth approximately $349,000. Institutional investors and hedge funds own 90.77% of the company’s stock.
Cognizant Technology Solutions Trading Down 0.1 %
NASDAQ CTSH opened at $67.74 on Friday. Cognizant Technology Solutions Co. has a 12 month low of $51.33 and a 12 month high of $72.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market capitalization of $34.21 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. The company’s fifty day moving average price is $69.61 and its two-hundred day moving average price is $64.83.
Cognizant Technology Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Monday, August 21st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 27.04%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on CTSH shares. JPMorgan Chase & Co. raised shares of Cognizant Technology Solutions from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $77.00 in a research report on Tuesday, August 22nd. BMO Capital Markets increased their price objective on shares of Cognizant Technology Solutions from $70.00 to $78.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Wedbush reissued an “outperform” rating and issued a $75.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, August 11th. Finally, Barclays increased their price objective on shares of Cognizant Technology Solutions from $53.00 to $61.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.75.
Get Our Latest Analysis on Cognizant Technology Solutions
About Cognizant Technology Solutions
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.
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