June 10, 2023 12:37 am

LGT Capital Partners LTD. lowered its stake in Cognizant Technologies Options Co. (NASDAQ:CTSH – Get Rating) by 43.9% in the 4th quarter, according to the corporation in its most current Kind 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,134,040 shares of the data technologies service provider’s stock right after promoting 888,820 shares throughout the period. Cognizant Technologies Options tends to make up about 1.9% of LGT Capital Partners LTD.’s investment portfolio, generating the stock its 17th largest position. LGT Capital Partners LTD. owned .22% of Cognizant Technologies Options worth $64,856,000 as of its most current SEC filing.

Quite a few other institutional investors and hedge funds also lately added to or decreased their stakes in the stock. Reinhart Partners Inc. grew its position in Cognizant Technologies Options by 28.six% in the fourth quarter. Reinhart Partners Inc. now owns 305,793 shares of the data technologies service provider’s stock worth $17,488,000 right after acquiring an extra 68,024 shares in the final quarter. Hudson Capital Management LLC bought a new position in Cognizant Technologies Options in the fourth quarter worth about $two,665,000. Sequoia Monetary Advisors LLC grew its position in Cognizant Technologies Options by 31.three% in the fourth quarter. Sequoia Monetary Advisors LLC now owns five,954 shares of the data technologies service provider’s stock worth $341,000 right after acquiring an extra 1,420 shares in the final quarter. Diversified Trust Co grew its position in Cognizant Technologies Options by 14.four% in the fourth quarter. Diversified Trust Co now owns 12,011 shares of the data technologies service provider’s stock worth $687,000 right after acquiring an extra 1,509 shares in the final quarter. Ultimately, Donald L. Hagan LLC grew its position in Cognizant Technologies Options by 27.% in the fourth quarter. Donald L. Hagan LLC now owns 15,043 shares of the data technologies service provider’s stock worth $860,000 right after acquiring an extra three,198 shares in the final quarter. Hedge funds and other institutional investors personal 90.12% of the company’s stock.

Wall Street Analysts Forecast Development

Quite a few study analysts lately commented on CTSH shares. Deutsche Bank Aktiengesellschaft lifted their value target on Cognizant Technologies Options from $54.00 to $67.00 in a study report on Friday, February 3rd. Susquehanna dropped their target value on Cognizant Technologies Options from $93.00 to $91.00 and set a “optimistic” rating for the corporation in a study report on Friday, February 3rd. BMO Capital Markets boosted their target value on Cognizant Technologies Options from $65.00 to $71.00 and gave the corporation a “market place execute” rating in a study report on Friday, January 13th. JPMorgan Chase &amp Co. lowered Cognizant Technologies Options from a “neutral” rating to an “underweight” rating and boosted their target value for the corporation from $61.00 to $62.00 in a study report on Thursday, December 15th. Ultimately, Bank of America lowered Cognizant Technologies Options from a “neutral” rating to an “underperform” rating and set a $57.00 target value for the corporation. in a study report on Monday, January 9th. 5 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and 3 have issued a purchase rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an typical value target of $69.90.

Cognizant Technologies Options Stock Overall performance

Shares of NASDAQ:CTSH opened at $58.65 on Friday. The corporation has a market place capitalization of $29.87 billion, a value-to-earnings ratio of 13.27, a value-to-earnings-development ratio of 1.19 and a beta of 1.ten. Cognizant Technologies Options Co. has a 52 week low of $51.33 and a 52 week higher of $92.99. The corporation has a fast ratio of two.17, a present ratio of two.17 and a debt-to-equity ratio of .05. The firm has a 50 day moving typical of $63.35 and a 200 day moving typical of $60.74.

Cognizant Technologies Options (NASDAQ:CTSH – Get Rating) final issued its quarterly earnings information on Thursday, February 2nd. The data technologies service provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. The corporation had income of $four.84 billion throughout the quarter, compared to the consensus estimate of $four.78 billion. Cognizant Technologies Options had a net margin of 11.79% and a return on equity of 18.92%. Cognizant Technologies Solutions’s income for the quarter was up 1.three% compared to the identical quarter final year. For the duration of the identical quarter in the prior year, the firm posted $1.ten earnings per share. On typical, sell-side analysts predict that Cognizant Technologies Options Co. will post four.46 earnings per share for the present fiscal year.

Cognizant Technologies Options Increases Dividend

The firm also lately declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 17th had been provided a dividend of $.29 per share. The ex-dividend date of this dividend was Thursday, February 16th. This is an improve from Cognizant Technologies Solutions’s prior quarterly dividend of $.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.98%. Cognizant Technologies Solutions’s dividend payout ratio is presently 26.24%.

Cognizant Technologies Options Profile

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Cognizant Technologies Options Corp. engages in the provision of data technologies, consulting, and organization course of action outsourcing solutions. It operates by way of the following organization segments: Monetary Solutions, Healthcare, Merchandise and Sources, and Communications, Media, and Technologies. The Monetary Solutions segment consists of banking and insurance coverage solutions.

Study Extra

Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

This immediate news alert was generated by narrative science technologies and monetary information from MarketBeat in order to deliver readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Please send any queries or comments about this story to speak to@marketbeat.com.

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