Bryn Mawr Capital Management LLC Acquires 2,813 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Bryn Mawr Capital Management LLC increased its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 97.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,688 shares of the information technology service provider’s stock after buying an additional 2,813 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CTSH. Creative Planning boosted its holdings in Cognizant Technology Solutions by 8.6% in the 3rd quarter. Creative Planning now owns 44,423 shares of the information technology service provider’s stock worth $3,429,000 after buying an additional 3,518 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Cognizant Technology Solutions by 13.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 248,135 shares of the information technology service provider’s stock worth $19,151,000 after buying an additional 30,370 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Cognizant Technology Solutions by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,527 shares of the information technology service provider’s stock worth $658,000 after buying an additional 416 shares during the period. Eastern Bank bought a new position in Cognizant Technology Solutions in the 3rd quarter valued at $37,000. Finally, Greenleaf Trust boosted its holdings in Cognizant Technology Solutions by 4.9% in the 3rd quarter. Greenleaf Trust now owns 6,326 shares of the information technology service provider’s stock valued at $488,000 after purchasing an additional 296 shares during the period. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTSH has been the subject of several analyst reports. TD Cowen raised their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price target on shares of Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday, February 6th. Barclays raised their price target on shares of Cognizant Technology Solutions from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Morgan Stanley raised their price target on shares of Cognizant Technology Solutions from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Robert W. Baird raised their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.67.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $84.82 on Friday. The stock has a market cap of $42.05 billion, a PE ratio of 18.81, a PEG ratio of 2.13 and a beta of 1.07. The company’s fifty day moving average is $81.11 and its 200 day moving average is $78.57. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $90.82. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a net margin of 11.35% and a return on equity of 16.78%. Research analysts anticipate that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. This represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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.