Cognizant Technology Solutions Co. (NASDAQ:CTSH) Position Lifted by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. grew its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 37.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,600 shares of the information technology service provider’s stock after purchasing an additional 3,402 shares during the quarter. Cognizant Technology Solutions makes up approximately 0.2% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 27th biggest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Cognizant Technology Solutions were worth $969,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EP Wealth Advisors LLC bought a new stake in Cognizant Technology Solutions during the third quarter valued at $684,000. MML Investors Services LLC boosted its holdings in shares of Cognizant Technology Solutions by 18.5% in the 3rd quarter. MML Investors Services LLC now owns 31,180 shares of the information technology service provider’s stock valued at $2,406,000 after buying an additional 4,869 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $422,000. Geode Capital Management LLC raised its stake in Cognizant Technology Solutions by 1.3% during the third quarter. Geode Capital Management LLC now owns 13,280,223 shares of the information technology service provider’s stock worth $1,022,728,000 after acquiring an additional 173,667 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in Cognizant Technology Solutions by 14.8% in the third quarter. Coldstream Capital Management Inc. now owns 8,172 shares of the information technology service provider’s stock worth $636,000 after acquiring an additional 1,052 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $93.00 price target on shares of Cognizant Technology Solutions in a research report on Wednesday, March 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, March 27th. Morgan Stanley reduced their price target on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. BMO Capital Markets increased their price objective on shares of Cognizant Technology Solutions from $88.00 to $94.00 and gave the stock a “market perform” rating in a report on Thursday, February 6th. Finally, Barclays upped their target price on shares of Cognizant Technology Solutions from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.44.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $69.50 on Friday. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $90.82. The company has a 50-day moving average of $80.70 and a two-hundred day moving average of $79.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market cap of $34.38 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.11 and a beta of 1.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share (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%. On average, equities research analysts expect that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were given a dividend of $0.31 per share. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, February 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.78%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 27.49%.

Cognizant Technology Solutions announced that its board has initiated a share buyback plan on Tuesday, March 25th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology service provider to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.