Mawer Investment Management Ltd. Trims Stock Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Mawer Investment Management Ltd. lowered its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 998,559 shares of the information technology service provider's stock after selling 118,811 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.20% of Cognizant Technology Solutions worth $75,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vision Capital Management Inc. grew its position in shares of Cognizant Technology Solutions by 0.4% during the 4th quarter. Vision Capital Management Inc. now owns 38,612 shares of the information technology service provider's stock valued at $2,916,000 after acquiring an additional 144 shares during the period. Nilsine Partners LLC grew its stake in shares of Cognizant Technology Solutions by 4.3% during the 4th quarter. Nilsine Partners LLC now owns 3,756 shares of the information technology service provider's stock valued at $284,000 after acquiring an additional 156 shares during the period. Sound View Wealth Advisors Group LLC increased its stake in shares of Cognizant Technology Solutions by 5.4% in the third quarter. Sound View Wealth Advisors Group LLC now owns 3,241 shares of the information technology service provider's stock worth $220,000 after purchasing an additional 165 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of Cognizant Technology Solutions by 43.2% during the 4th quarter. Valley National Advisers Inc. now owns 590 shares of the information technology service provider's stock valued at $44,000 after buying an additional 178 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Cognizant Technology Solutions by 2.5% in the 4th quarter. Signaturefd LLC now owns 7,376 shares of the information technology service provider's stock worth $557,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CTSH. Barclays cut their target price on Cognizant Technology Solutions from $80.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, April 26th. Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Cognizant Technology Solutions from $81.00 to $74.00 and set a "neutral" rating for the company in a report on Thursday, May 2nd. StockNews.com lowered Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 2nd. Finally, Evercore ISI increased their target price on Cognizant Technology Solutions from $65.00 to $70.00 and gave the company an "in-line" rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and an average price target of $75.67.

Cognizant Technology Solutions Trading Up 0.3 %

Shares of NASDAQ:CTSH traded up $0.18 during trading hours on Friday, hitting $66.98. 4,825,236 shares of the company's stock traded hands, compared to its average volume of 3,931,327. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.35 and a quick ratio of 2.35. The business has a fifty day moving average price of $71.13 and a 200-day moving average price of $72.51. Cognizant Technology Solutions Co. has a 1 year low of $61.12 and a 1 year high of $80.09. The firm has a market capitalization of $33.35 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The information technology service provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. Cognizant Technology Solutions had a return on equity of 17.48% and a net margin of 10.84%. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company posted $1.11 EPS. Cognizant Technology Solutions's quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts expect that Cognizant Technology Solutions Co. will post 4.6 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, May 17th. Cognizant Technology Solutions's dividend payout ratio (DPR) is presently 28.85%.

Insider Activity

In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of the company's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $77.06, for a total value of $69,354.00. Following the completion of the sale, the executive vice president now directly owns 8,312 shares in the company, valued at approximately $640,522.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company's stock.

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.