Addison Advisors LLC Purchases 189 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Addison Advisors LLC boosted its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 127.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337 shares of the information technology service provider’s stock after purchasing an additional 189 shares during the period. Addison Advisors LLC’s holdings in Cognizant Technology Solutions were worth $26,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CTSH. 1620 Investment Advisors Inc. acquired a new stake in Cognizant Technology Solutions in the second quarter valued at about $25,000. LRI Investments LLC bought a new position in shares of Cognizant Technology Solutions in the first quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at approximately $30,000. Pinnacle Bancorp Inc. grew its holdings in shares of Cognizant Technology Solutions by 47.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Finally, Eastern Bank acquired a new position in Cognizant Technology Solutions during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

CTSH has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Daiwa America upgraded Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, August 27th. Jefferies Financial Group began coverage on shares of Cognizant Technology Solutions in a report on Wednesday, August 28th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Bank of America upgraded shares of Cognizant Technology Solutions from an “underperform” rating to a “neutral” rating and upped their price target for the company from $73.00 to $75.00 in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $78.83.

Cognizant Technology Solutions Stock Performance

Shares of CTSH opened at $81.50 on Tuesday. The stock has a 50-day moving average of $76.47 and a 200-day moving average of $72.42. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $82.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market cap of $40.41 billion, a PE ratio of 18.03, a P/E/G ratio of 2.21 and a beta of 1.05.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is presently 26.55%.

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.