Quotient Wealth Partners LLC Has $285,000 Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Quotient Wealth Partners LLC trimmed its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 6.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,703 shares of the information technology service provider’s stock after selling 236 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Cognizant Technology Solutions were worth $285,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CTSH. Graypoint LLC raised its holdings in Cognizant Technology Solutions by 2.9% during the fourth quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock worth $369,000 after buying an additional 134 shares during the last quarter. Sandy Cove Advisors LLC grew its position in shares of Cognizant Technology Solutions by 3.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock valued at $333,000 after acquiring an additional 135 shares during the period. Cidel Asset Management Inc. increased its stake in shares of Cognizant Technology Solutions by 3.5% during the 4th quarter. Cidel Asset Management Inc. now owns 5,338 shares of the information technology service provider’s stock worth $410,000 after purchasing an additional 182 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Cognizant Technology Solutions by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider’s stock worth $669,000 after purchasing an additional 183 shares during the period. Finally, Addison Advisors LLC lifted its stake in Cognizant Technology Solutions by 127.7% in the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTSH has been the topic of several research reports. Morgan Stanley boosted their target price on Cognizant Technology Solutions from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $95.00 in a report on Tuesday, December 17th. TD Cowen raised their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Cognizant Technology Solutions currently has an average rating of “Hold” and an average price target of $83.22.

Cognizant Technology Solutions Price Performance

CTSH opened at $86.20 on Monday. The company has a current ratio of 2.09, a quick ratio of 2.23 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $42.74 billion, a P/E ratio of 19.11, a PEG ratio of 2.32 and a beta of 1.07. The stock has a 50-day moving average price of $79.55 and a 200-day moving average price of $77.62. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $87.61.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, beating 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%. Equities analysts predict that Cognizant Technology Solutions Co. will post 4.99 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.44%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 26.61%.

Insider Activity

In other news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the transaction, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

About Cognizant Technology Solutions

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.