Applied Finance Capital Management LLC Has $805,000 Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Applied Finance Capital Management LLC lessened its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,382 shares of the information technology service provider’s stock after selling 209 shares during the period. Applied Finance Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $805,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $1,972,000. Blair William & Co. IL boosted its stake in Cognizant Technology Solutions by 2.5% in the 1st quarter. Blair William & Co. IL now owns 16,795 shares of the information technology service provider’s stock valued at $1,231,000 after buying an additional 412 shares in the last quarter. Duality Advisers LP acquired a new stake in Cognizant Technology Solutions in the 1st quarter valued at $1,687,000. Norden Group LLC acquired a new stake in Cognizant Technology Solutions in the 1st quarter valued at $233,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in Cognizant Technology Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 650,385 shares of the information technology service provider’s stock valued at $47,667,000 after buying an additional 53,061 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $80.31 on Friday. The business’s 50-day moving average price is $76.47 and its two-hundred day moving average price is $72.36. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $81.75. The stock has a market cap of $39.81 billion, a P/E ratio of 17.77, a PEG ratio of 2.06 and a beta of 1.05. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts predict that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, November 19th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 26.55%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group began coverage on Cognizant Technology Solutions in a research note on Wednesday, August 28th. They issued a “buy” rating and a $90.00 price target on the stock. Mizuho boosted their price objective on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price objective on Cognizant Technology Solutions from $81.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 28th. Barclays boosted their price objective on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen boosted their price objective on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $78.83.

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.