Voloridge Funding Administration LLC lowered its holdings in shares of Cognizant Expertise Options Co. (NASDAQ:CTSH – Get Score) by 92.7% within the third quarter, in accordance with its most up-to-date Kind 13F submitting with the Securities and Change Fee. The institutional investor owned 16,556 shares of the knowledge know-how service supplier’s inventory after promoting 208,893 shares throughout the quarter. Voloridge Funding Administration LLC’s holdings in Cognizant Expertise Options have been price $1,229,000 on the finish of the latest reporting interval.
Different hedge funds and different institutional buyers have additionally purchased and offered shares of the corporate. GeoWealth Administration LLC bought a brand new stake in Cognizant Expertise Options throughout the third quarter valued at roughly $26,000. Arkadios Wealth Advisors grew its stake in Cognizant Expertise Options by 52.0% throughout the third quarter. Arkadios Wealth Advisors now owns 409 shares of the knowledge know-how service supplier’s inventory valued at $30,000 after buying a further 140 shares within the final quarter. Itau Unibanco Holding S.A. purchased a brand new stake in Cognizant Expertise Options within the 2nd quarter valued at $31,000. Freedman Monetary Associates Inc. lifted its stake in Cognizant Expertise Options by 67.0% within the third quarter. Freedman Monetary Associates Inc. now owns 593 shares of the knowledge know-how service supplier’s inventory price $44,000 after buying a further 238 shares within the final quarter. Lastly, Lloyd Advisory Companies LLC. purchased a brand new place in shares of Cognizant Expertise Options throughout the third quarter valued at about $46,000. 90.15% of the inventory is at the moment owned by institutional buyers.
In different information, EVP Andrew J. Stafford offered 6,422 shares of the inventory in a transaction on Thursday, December ninth. The inventory was offered at a median worth of $80.87, for a complete transaction of $519,347.14. The transaction was disclosed in a submitting with the SEC, which is accessible via this hyperlink. Additionally, Director Maureen Breakiron-Evans offered 6,371 shares of Cognizant Expertise Options inventory in a transaction dated Friday, February twenty fifth. The shares have been offered at a median worth of $87.76, for a complete worth of $559,118.96. The disclosure for this sale may be discovered right here. Insiders offered a complete of 18,003 shares of firm inventory price $1,548,136 within the final ninety days. 0.31% of the inventory is at the moment owned by insiders.
Shares of NASDAQ CTSH opened at $87.93 on Friday. The corporate has a market cap of $46.12 billion, a P/E ratio of 21.71, a PEG ratio of 1.57 and a beta of 1.10. The agency has a 50-day easy transferring common of $87.07 and a two-hundred day easy transferring common of $81.52. Cognizant Expertise Options Co. has a 1 yr low of $66.19 and a 1 yr excessive of $92.44. The corporate has a debt-to-equity ratio of 0.05, a present ratio of two.08 and a fast ratio of two.08.
Cognizant Expertise Options (NASDAQ:CTSH – Get Score) final issued its quarterly earnings outcomes on Wednesday, February 2nd. The knowledge know-how service supplier reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. Cognizant Expertise Options had a return on fairness of 19.00% and a web margin of 11.55%. The agency had income of $4.78 billion throughout the quarter, in comparison with analyst estimates of $4.78 billion. Throughout the identical interval final yr, the corporate earned $0.67 EPS. Cognizant Expertise Options’s quarterly income was up 14.2% in comparison with the identical quarter final yr. As a gaggle, equities analysis analysts count on that Cognizant Expertise Options Co. will submit 4.57 EPS for the present yr.
The enterprise additionally just lately declared a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of report on Friday, February 18th have been issued a $0.27 dividend. The ex-dividend date was Thursday, February seventeenth. It is a enhance from Cognizant Expertise Options’s earlier quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized foundation and a dividend yield of 1.23%. Cognizant Expertise Options’s dividend payout ratio is presently 26.67%.
CTSH has been the topic of a lot of analysis reviews. UBS Group raised Cognizant Expertise Options from a “promote” ranking to a “impartial” ranking and elevated their worth goal for the corporate from $58.50 to $89.00 in a analysis be aware on Thursday, January twentieth. Citigroup downgraded Cognizant Expertise Options from a “purchase” ranking to a “impartial” ranking and elevated their goal worth for the corporate from $93.00 to $95.00 in a analysis report on Friday, January 14th. BMO Capital Markets boosted their worth goal on shares of Cognizant Expertise Options from $92.00 to $100.00 in a analysis report on Thursday, February third. Cowen elevated their worth goal on shares of Cognizant Expertise Options from $93.00 to $98.00 in a analysis report on Thursday, February third. Lastly, The Goldman Sachs Group assumed protection on shares of Cognizant Expertise Options in a analysis be aware on Sunday, January ninth. They issued a “purchase” ranking and a $104.00 worth goal for the corporate. One equities analysis analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking and 9 have issued a purchase ranking to the corporate’s inventory. In keeping with knowledge from MarketBeat.com, the corporate presently has a median ranking of “Purchase” and a median worth goal of $92.13.
About Cognizant Expertise Options (Get Score)
Cognizant Expertise Options Corp. engages within the provision of knowledge know-how, consulting, and enterprise course of outsourcing providers. It operates via the next enterprise segments: Monetary Companies, Healthcare, Merchandise and Sources, and Communications, Media, and Expertise. The Monetary Companies phase consists of banking and insurance coverage providers.
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