Metis Global Partners LLC Buys 850 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Metis Global Partners LLC raised its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,732 shares of the information technology service provider’s stock after buying an additional 850 shares during the period. Metis Global Partners LLC’s holdings in Cognizant Technology Solutions were worth $1,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTSH. International Assets Investment Management LLC bought a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $1,972,000. Farther Finance Advisors LLC raised its stake in Cognizant Technology Solutions by 6.5% in the third quarter. Farther Finance Advisors LLC now owns 4,443 shares of the information technology service provider’s stock valued at $343,000 after buying an additional 271 shares during the period. Janney Montgomery Scott LLC bought a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $1,433,000. Harbor Capital Advisors Inc. bought a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $50,000. Finally, Van ECK Associates Corp raised its stake in Cognizant Technology Solutions by 7.3% in the third quarter. Van ECK Associates Corp now owns 171,680 shares of the information technology service provider’s stock valued at $13,060,000 after buying an additional 11,677 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CTSH shares. Morgan Stanley upped their price objective on Cognizant Technology Solutions from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. StockNews.com raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. BMO Capital Markets upped their target price on Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a “market perform” rating in a research report on Thursday, February 6th. Barclays upped their target price on Cognizant Technology Solutions from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on Cognizant Technology Solutions from $82.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.67.

Cognizant Technology Solutions Trading Up 0.2 %

Shares of CTSH stock opened at $83.51 on Tuesday. The stock’s fifty day moving average price is $81.64 and its two-hundred day moving average price is $79.07. The company has a market cap of $41.31 billion, a PE ratio of 18.52, a P/E/G ratio of 2.11 and a beta of 1.07. Cognizant Technology Solutions Co. has a fifty-two week low of $63.79 and a fifty-two week high of $90.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. Equities analysts predict that Cognizant Technology Solutions Co. will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 27.49%.

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.