Wedmont Non-public Capital elevated its holdings in Cognizant Expertise Options Co. (NASDAQ:CTSH – Free Report) by 60.5% within the third quarter, in accordance with its most up-to-date disclosure with the Securities & Change Fee. The institutional investor owned 4,731 shares of the data know-how service supplier’s inventory after shopping for a further 1,783 shares in the course of the interval. Wedmont Non-public Capital’s holdings in Cognizant Expertise Options have been price $360,000 as of its most up-to-date submitting with the Securities & Change Fee.
Plenty of different giant traders additionally just lately purchased and bought shares of CTSH. FIL Ltd grew its holdings in Cognizant Expertise Options by 4.2% within the fourth quarter. FIL Ltd now owns 3,011,825 shares of the data know-how service supplier’s inventory price $227,483,000 after buying a further 120,109 shares over the past quarter. Quarry LP bought a brand new place in Cognizant Expertise Options within the fourth quarter price $43,000. Voisard Asset Administration Group Inc. bought a brand new place in Cognizant Expertise Options within the fourth quarter price $45,000. V Sq. Quantitative Administration LLC grew its holdings in Cognizant Expertise Options by 197.7% within the fourth quarter. V Sq. Quantitative Administration LLC now owns 8,056 shares of the data know-how service supplier’s inventory price $608,000 after buying a further 5,350 shares over the past quarter. Lastly, Neo Ivy Capital Administration bought a brand new place in Cognizant Expertise Options within the fourth quarter price $40,000. Institutional traders personal 92.44% of the corporate’s inventory.
Insiders Place Their Bets
In associated information, CEO Ravi Kumar Singisetti bought 6,728 shares of the corporate’s inventory in a transaction dated Tuesday, August sixth. The shares have been bought at a median value of $73.66, for a complete transaction of $495,584.48. Following the completion of the transaction, the chief govt officer now owns 46,427 shares within the firm, valued at $3,419,812.82. This represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is obtainable at the SEC web site. Insiders personal 0.26% of the corporate’s inventory.
Cognizant Expertise Options Buying and selling Up 1.9 %
Shares of Cognizant Expertise Options inventory opened at $75.94 on Friday. The agency has a 50-day easy shifting common of $75.95 and a two-hundred day easy shifting common of $71.50. The corporate has a market cap of $37.64 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of two.16 and a beta of 1.05. Cognizant Expertise Options Co. has a fifty-two week low of $62.14 and a fifty-two week excessive of $80.27. The corporate has a debt-to-equity ratio of 0.04, a fast ratio of two.46 and a present ratio of two.46.
Cognizant Expertise Options (NASDAQ:CTSH – Get Free Report) final issued its quarterly earnings information on Wednesday, July thirty first. The data know-how service supplier reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. The enterprise had income of $4.85 billion in the course of the quarter, in comparison with the consensus estimate of $4.80 billion. Cognizant Expertise Options had a internet margin of 11.39% and a return on fairness of 17.31%. The corporate’s income was down .7% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the agency posted $1.10 earnings per share. As a bunch, equities analysts predict that Cognizant Expertise Options Co. will submit 4.62 earnings per share for the present fiscal 12 months.
Cognizant Expertise Options Dividend Announcement
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Wednesday, August twenty eighth. Shareholders of file on Tuesday, August twentieth got a $0.30 dividend. The ex-dividend date was Tuesday, August twentieth. This represents a $1.20 dividend on an annualized foundation and a dividend yield of 1.58%. Cognizant Expertise Options’s dividend payout ratio (DPR) is at the moment 27.33%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued stories on the inventory. Financial institution of America raised shares of Cognizant Expertise Options from an “underperform” score to a “impartial” score and lifted their value goal for the inventory from $73.00 to $75.00 in a report on Wednesday, August seventh. The Goldman Sachs Group reaffirmed a “impartial” score and issued a $76.00 value goal on shares of Cognizant Expertise Options in a report on Thursday, September twelfth. Needham & Firm LLC reissued a “maintain” score on shares of Cognizant Expertise Options in a report on Wednesday, August twenty eighth. Jefferies Monetary Group began protection on shares of Cognizant Expertise Options in a report on Wednesday, August twenty eighth. They set a “purchase” score and a $90.00 value goal on the inventory. Lastly, Robert W. Baird boosted their value goal on shares of Cognizant Expertise Options from $75.00 to $78.00 and gave the corporate a “impartial” score in a report on Thursday, August 1st. One funding analyst has rated the inventory with a promote score, eighteen have assigned a maintain score and three have issued a purchase score to the inventory. In response to information from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a consensus value goal of $77.44.
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About Cognizant Expertise Options
Cognizant Expertise Options Company, knowledgeable companies firm, supplies consulting and know-how, and outsourcing companies in North America, Europe, and internationally. It operates by way of 4 segments: Monetary Companies, Well being Sciences, Merchandise and Sources, and Communications, Media and Expertise.
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