Oxford Asset Management LLP Invests $451,000 in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Oxford Asset Management LLP purchased a new position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,860 shares of the information technology service provider's stock, valued at approximately $451,000.

Other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth $28,000. Trust Co. of Vermont raised its holdings in shares of Cognizant Technology Solutions by 188.4% in the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider's stock worth $34,000 after acquiring an additional 292 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at $36,000. Spire Wealth Management lifted its holdings in Cognizant Technology Solutions by 74.7% in the 4th quarter. Spire Wealth Management now owns 477 shares of the information technology service provider's stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $37,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Cognizant Technology Solutions from $92.00 to $81.00 and set a "neutral" rating on the stock in a research report on Tuesday. StockNews.com upgraded Cognizant Technology Solutions from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Morgan Stanley decreased their target price on 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. Barclays cut their price target on shares of Cognizant Technology Solutions from $103.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $93.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, March 26th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $83.94.

Cognizant Technology Solutions Price Performance

CTSH traded up $1.66 on Thursday, reaching $75.23. The company had a trading volume of 7,356,005 shares, compared to its average volume of 3,614,479. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $90.82. The company has a market capitalization of $37.21 billion, a P/E ratio of 16.68, a PEG ratio of 2.11 and a beta of 1.03. The company has a fifty day moving average of $76.09 and a 200-day moving average of $78.57. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The information technology service provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. The company had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $5.06 billion. Cognizant Technology Solutions had a net margin of 11.35% and a return on equity of 16.78%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, equities research analysts anticipate that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.65%. Cognizant Technology Solutions's dividend payout ratio is 27.49%.

Cognizant Technology Solutions declared that its Board of Directors has approved a share buyback plan on Tuesday, March 25th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology service provider to repurchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is 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.