Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Hudson Capital Management LLC

Hudson Capital Management LLC lowered its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,289 shares of the information technology service provider’s stock after selling 499 shares during the period. Hudson Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $4,482,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Addison Advisors LLC boosted its stake in shares of Cognizant Technology Solutions by 127.7% during the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Cognizant Technology Solutions during the third quarter valued at $30,000. Trust Co. of Vermont boosted its stake in shares of Cognizant Technology Solutions by 188.4% during the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after acquiring an additional 292 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Cognizant Technology Solutions by 47.4% during the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after acquiring an additional 146 shares during the last quarter. Finally, Eastern Bank purchased a new position in Cognizant Technology Solutions during the third quarter worth about $37,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the sale, the chief accounting officer now owns 39,022 shares of the company’s stock, valued at $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Trading Up 0.8 %

Shares of NASDAQ CTSH opened at $79.05 on Thursday. The company has a market cap of $39.19 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $82.46. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $78.79 and its 200 day simple moving average is $76.71.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its 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 firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts expect that Cognizant Technology Solutions Co. will post 4.66 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is 26.55%.

Analyst Ratings Changes

CTSH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Barclays upgraded Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. TD Cowen raised their target price on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. StockNews.com downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Robert W. Baird raised their target price on Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Fifteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $81.19.

Cognizant Technology Solutions 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.