Toth Financial Advisory Corp Has $2.80 Million Stock Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Toth Financial Advisory Corp grew its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,216 shares of the information technology service provider’s stock after purchasing an additional 737 shares during the period. Toth Financial Advisory Corp’s holdings in Cognizant Technology Solutions were worth $2,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CTSH. Vanguard Group Inc. raised its stake in Cognizant Technology Solutions by 13.6% in the first quarter. Vanguard Group Inc. now owns 58,045,823 shares of the information technology service provider’s stock valued at $4,254,178,000 after buying an additional 6,933,908 shares during the period. Cibc World Market Inc. grew its holdings in shares of Cognizant Technology Solutions by 19,850.5% during the 2nd quarter. Cibc World Market Inc. now owns 3,016,114 shares of the information technology service provider’s stock worth $205,096,000 after purchasing an additional 3,000,996 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Cognizant Technology Solutions by 11.7% in the second quarter. Pzena Investment Management LLC now owns 18,609,898 shares of the information technology service provider’s stock worth $1,265,473,000 after purchasing an additional 1,943,127 shares during the period. Bank of Montreal Can raised its stake in Cognizant Technology Solutions by 152.8% in the second quarter. Bank of Montreal Can now owns 2,120,012 shares of the information technology service provider’s stock valued at $146,132,000 after purchasing an additional 1,281,236 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Cognizant Technology Solutions by 129.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,904,263 shares of the information technology service provider’s stock worth $139,565,000 after purchasing an additional 1,073,666 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH traded down $0.39 during trading hours on Monday, hitting $77.61. The stock had a trading volume of 321,786 shares, compared to its average volume of 3,812,652. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.46 and a quick ratio of 2.46. Cognizant Technology Solutions Co. has a one year low of $62.14 and a one year high of $80.27. The firm has a market capitalization of $38.59 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a 50 day simple moving average of $76.39 and a two-hundred day simple moving average of $71.67.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, July 31st. The information technology service provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. Cognizant Technology Solutions had a net margin of 11.39% and a return on equity of 17.31%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the company posted $1.10 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. Research 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.55%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.85%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CTSH. Bank of America upgraded Cognizant Technology Solutions from an “underperform” rating to a “neutral” rating and upped their price target for the company from $73.00 to $75.00 in a research report on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a report on Wednesday, August 28th. Daiwa America raised shares of Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group reissued a “neutral” rating and issued a $76.00 price target on shares of Cognizant Technology Solutions in a research note on Thursday, September 12th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.44.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 6,728 shares of Cognizant Technology Solutions stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total value of $495,584.48. Following the transaction, the chief executive officer now directly owns 46,427 shares of the company’s stock, valued at $3,419,812.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

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.