Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Shares Purchased by Natixis Advisors LLC

Key Points

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Natixis Advisors LLC grew its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 763,756 shares of the information technology service provider's stock after buying an additional 53,385 shares during the period. Natixis Advisors LLC owned approximately 0.15% of Cognizant Technology Solutions worth $58,427,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in shares of Cognizant Technology Solutions by 2,585.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider's stock worth $135,910,000 after buying an additional 1,710,433 shares in the last quarter. AE Industrial Partners LP bought a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at $113,088,000. Capital Research Global Investors grew its stake in Cognizant Technology Solutions by 98.9% during the fourth quarter. Capital Research Global Investors now owns 2,742,442 shares of the information technology service provider's stock valued at $210,894,000 after acquiring an additional 1,363,570 shares in the last quarter. Deutsche Bank AG raised its position in shares of Cognizant Technology Solutions by 47.8% in the fourth quarter. Deutsche Bank AG now owns 3,303,355 shares of the information technology service provider's stock worth $254,028,000 after buying an additional 1,068,420 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Cognizant Technology Solutions by 9,072.9% during the first quarter. GAMMA Investing LLC now owns 922,514 shares of the information technology service provider's stock worth $70,572,000 after purchasing an additional 912,457 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH traded down $1.17 during trading on Friday, hitting $70.59. The company had a trading volume of 5,356,605 shares, compared to its average volume of 3,446,974. The stock has a 50 day simple moving average of $77.93 and a 200 day simple moving average of $78.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.41. The firm has a market capitalization of $34.80 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. Cognizant Technology Solutions Corporation has a 12 month low of $65.52 and a 12 month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The company's revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 25.20%.

Analysts Set New Price Targets

CTSH has been the subject of a number of research reports. TD Securities upped their price objective on Cognizant Technology Solutions from $77.00 to $79.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on Cognizant Technology Solutions from $98.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a "hold" rating and a $80.00 price objective on the stock. Robert W. Baird lifted their price target on shares of Cognizant Technology Solutions from $78.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Barclays dropped 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 research note on Friday, April 25th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $85.88.

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.