Bank of New Hampshire Has $1.36 Million Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Bank of New Hampshire reduced its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 7.5% in the 4th quarter, Holdings Channel reports. The firm owned 18,033 shares of the information technology service provider’s stock after selling 1,452 shares during the period. Bank of New Hampshire’s holdings in Cognizant Technology Solutions were worth $1,362,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTSH. HB Wealth Management LLC lifted its holdings in Cognizant Technology Solutions by 8.5% in the 3rd quarter. HB Wealth Management LLC now owns 4,420 shares of the information technology service provider’s stock worth $299,000 after purchasing an additional 348 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Cognizant Technology Solutions by 12.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 41,608 shares of the information technology service provider’s stock worth $2,737,000 after purchasing an additional 4,540 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Cognizant Technology Solutions by 26.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 773 shares of the information technology service provider’s stock worth $52,000 after purchasing an additional 162 shares during the last quarter. Boston Trust Walden Corp increased its position in Cognizant Technology Solutions by 17.2% in the 3rd quarter. Boston Trust Walden Corp now owns 136,769 shares of the information technology service provider’s stock worth $9,265,000 after buying an additional 20,100 shares during the period. Finally, CX Institutional increased its position in Cognizant Technology Solutions by 6.2% in the 3rd quarter. CX Institutional now owns 4,076 shares of the information technology service provider’s stock worth $276,000 after buying an additional 238 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $77.06, for a total value of $69,354.00. Following the transaction, the executive vice president now owns 8,312 shares of the company’s stock, valued at $640,522.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays dropped their price target on Cognizant Technology Solutions from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday. Evercore ISI lifted their price target on Cognizant Technology Solutions from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Mizuho assumed coverage on Cognizant Technology Solutions in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $82.00 price target on the stock. Citigroup dropped their price target on Cognizant Technology Solutions from $90.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Royal Bank of Canada boosted their price objective on Cognizant Technology Solutions from $74.00 to $77.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $76.13.

Cognizant Technology Solutions Trading Up 0.1 %

Shares of CTSH traded up $0.08 during trading hours on Friday, hitting $66.84. 673,624 shares of the stock traded hands, compared to its average volume of 4,253,546. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.05. Cognizant Technology Solutions Co. has a 1-year low of $58.47 and a 1-year high of $80.09. The firm has a market capitalization of $33.28 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. The business has a fifty day moving average of $73.72 and a 200-day moving average of $72.51.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Tuesday, February 6th. The information technology service provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.14. Cognizant Technology Solutions had a return on equity of 17.83% and a net margin of 10.98%. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts expect that Cognizant Technology Solutions Co. will post 4.59 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were paid a $0.30 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 1.80%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.57%.

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.