IFP Advisors Inc Has $718,000 Holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

IFP Advisors Inc increased its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 142.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,338 shares of the information technology service provider's stock after acquiring an additional 5,492 shares during the quarter. IFP Advisors Inc's holdings in Cognizant Technology Solutions were worth $718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $36,000. CoreCap Advisors LLC lifted its stake in shares of Cognizant Technology Solutions by 21.5% in the 4th quarter. CoreCap Advisors LLC now owns 711 shares of the information technology service provider's stock worth $55,000 after acquiring an additional 126 shares during the period. Pinney & Scofield Inc. acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $55,000. Loomis Sayles & Co. L P acquired a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $56,000. Finally, Optiver Holding B.V. acquired a new stake in Cognizant Technology Solutions during the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

CTSH has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Cognizant Technology Solutions from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $88.00 to $98.00 in a report on Monday, May 19th. Guggenheim upgraded shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set a "hold" rating and a $80.00 target price for the company. Evercore ISI initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They set an "outperform" rating and a $100.00 target price for the company. Finally, Robert W. Baird raised their target price on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $86.18.

Cognizant Technology Solutions Stock Down 0.8%

CTSH stock traded down $0.64 during mid-day trading on Monday, hitting $76.03. The stock had a trading volume of 507,460 shares, compared to its average volume of 3,711,068. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 1-year low of $65.52 and a 1-year high of $90.82. The company has a fifty day moving average of $78.64 and a 200 day moving average of $78.74. The stock has a market capitalization of $37.48 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.77 and a beta of 0.96.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The information technology service provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.03. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.06 billion. Cognizant Technology Solutions had a net margin of 11.73% and a return on equity of 16.73%. Cognizant Technology Solutions's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, May 19th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.63%. Cognizant Technology Solutions's dividend payout ratio is currently 26.11%.

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.