Cognizant Expertise Options Co. (NASDAQ:CTSH) Inventory Place Boosted by First Belief Direct Indexing L.P.


First Belief Direct Indexing L.P. elevated its stake in Cognizant Expertise Options Co. (NASDAQ:CTSH – Free Report) by 9.7% within the 1st quarter, in line with its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The institutional investor owned 13,804 shares of the knowledge expertise service supplier’s inventory after buying an extra 1,216 shares throughout the interval. First Belief Direct Indexing L.P.’s holdings in Cognizant Expertise Options have been value $1,012,000 on the finish of the newest reporting interval.

A number of different hedge funds and different institutional buyers have additionally lately added to or decreased their stakes in CTSH. Norden Group LLC bought a brand new stake in Cognizant Expertise Options throughout the first quarter valued at about $4,455,000. Albion Monetary Group UT lifted its place in shares of Cognizant Expertise Options by 7.6% within the 1st quarter. Albion Monetary Group UT now owns 13,197 shares of the knowledge expertise service supplier’s inventory valued at $967,000 after buying an extra 929 shares within the final quarter. Denali Advisors LLC boosted its stake in Cognizant Expertise Options by 50.4% within the 1st quarter. Denali Advisors LLC now owns 4,211 shares of the knowledge expertise service supplier’s inventory value $309,000 after buying an extra 1,411 shares throughout the interval. LVW Advisors LLC grew its place in Cognizant Expertise Options by 14.4% throughout the 1st quarter. LVW Advisors LLC now owns 6,137 shares of the knowledge expertise service supplier’s inventory value $450,000 after buying an extra 774 shares within the final quarter. Lastly, Grimes & Firm Inc. raised its stake in Cognizant Expertise Options by 3.1% throughout the 1st quarter. Grimes & Firm Inc. now owns 155,050 shares of the knowledge expertise service supplier’s inventory valued at $11,364,000 after buying an extra 4,661 shares throughout the interval. Institutional buyers personal 92.44% of the corporate’s inventory.

Cognizant Expertise Options Buying and selling Down 0.5 %

Cognizant Expertise Options inventory opened at $68.30 on Friday. The enterprise has a 50 day shifting common value of $67.18 and a two-hundred day shifting common value of $72.18. The corporate has a fast ratio of two.35, a present ratio of two.35 and a debt-to-equity ratio of 0.04. Cognizant Expertise Options Co. has a 12 month low of $62.14 and a 12 month excessive of $80.09. The inventory has a market cap of $33.96 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of two.04 and a beta of 1.05.

Cognizant Expertise Options (NASDAQ:CTSH – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, Might 1st. The knowledge expertise service supplier reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. Cognizant Expertise Options had a web margin of 10.84% and a return on fairness of 17.48%. The agency had income of $4.76 billion throughout the quarter, in comparison with analyst estimates of $4.72 billion. Throughout the identical quarter within the prior 12 months, the enterprise posted $1.11 earnings per share. The corporate’s quarterly income was down 1.1% in comparison with the identical quarter final 12 months. As a gaggle, equities analysts forecast that Cognizant Expertise Options Co. will put up 4.61 EPS for the present 12 months.

Cognizant Expertise Options Dividend Announcement

The agency additionally lately declared a quarterly dividend, which was paid on Wednesday, Might twenty ninth. Buyers of document on Monday, Might twentieth have been issued a dividend of $0.30 per share. The ex-dividend date was Friday, Might seventeenth. This represents a $1.20 dividend on an annualized foundation and a yield of 1.76%. Cognizant Expertise Options’s dividend payout ratio is 28.85%.

Analyst Rankings Modifications

A variety of brokerages have lately weighed in on CTSH. JPMorgan Chase & Co. lowered their value goal on Cognizant Expertise Options from $81.00 to $74.00 and set a “impartial” ranking on the inventory in a report on Thursday, Might 2nd. Wedbush reissued an “outperform” ranking and issued a $85.00 value goal on shares of Cognizant Expertise Options in a analysis notice on Thursday, Might 2nd. Needham & Firm LLC reiterated a “maintain” ranking on shares of Cognizant Expertise Options in a analysis notice on Monday, June tenth. StockNews.com lowered shares of Cognizant Expertise Options from a “purchase” ranking to a “maintain” ranking in a analysis notice on Thursday, Might 2nd. Lastly, Guggenheim began protection on shares of Cognizant Expertise Options in a analysis notice on Tuesday, March nineteenth. They issued a “impartial” ranking and a $80.00 value goal for the corporate. One funding analyst has rated the inventory with a promote ranking, fifteen have given a maintain ranking and three have assigned a purchase ranking to the corporate’s inventory. In response to MarketBeat, Cognizant Expertise Options at present has a consensus ranking of “Maintain” and a consensus value goal of $75.44.

Examine Out Our Newest Evaluation on Cognizant Expertise Options

Cognizant Expertise Options Firm Profile

(Free Report)

Cognizant Expertise Options Company, an expert providers firm, supplies consulting and expertise, and outsourcing providers in North America, Europe, and internationally. It operates by 4 segments: Monetary Providers, Well being Sciences, Merchandise and Sources, and Communications, Media and Expertise.

Additional Studying

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



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