Premier Path Wealth Partners LLC Has $236,000 Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Premier Path Wealth Partners LLC trimmed its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,070 shares of the information technology service provider’s stock after selling 233 shares during the period. Premier Path Wealth Partners LLC’s holdings in Cognizant Technology Solutions were worth $236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CTSH. Addison Advisors LLC grew its position in 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 worth $26,000 after buying an additional 189 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $30,000. Pinnacle Bancorp Inc. increased its position 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 purchasing an additional 146 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Cognizant Technology Solutions by 42.1% in the second quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock valued at $36,000 after purchasing an additional 158 shares in the last quarter. Finally, Eastern Bank bought a new position in Cognizant Technology Solutions in the third quarter worth $37,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.5 %

Shares of CTSH opened at $77.81 on Monday. The stock’s fifty day simple moving average is $78.93 and its 200-day simple moving average is $76.51. The firm has a market capitalization of $38.58 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.96 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 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 earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. As a group, research analysts predict that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is 26.55%.

Analyst Upgrades and Downgrades

CTSH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. Robert W. Baird raised their target price on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Barclays upgraded Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $95.00 in a research note on Tuesday, December 17th. Finally, Mizuho boosted their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and an average target price of $81.19.

Insider Activity

In related news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the sale, the chief accounting officer now directly owns 39,022 shares in the company, valued at $3,126,052.42. This trade represents a 11.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by company insiders.

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.