Ashton Thomas Non-public Wealth LLC Decreases Inventory Holdings in Cognizant Expertise Options Co. (NASDAQ:CTSH)


Ashton Thomas Non-public Wealth LLC decreased its holdings in shares of Cognizant Expertise Options Co. (NASDAQ:CTSH – Free Report) by 5.8% through the first quarter, in line with its most up-to-date submitting with the Securities and Change Fee (SEC). The institutional investor owned 23,266 shares of the data know-how service supplier’s inventory after promoting 1,441 shares through the interval. Ashton Thomas Non-public Wealth LLC’s holdings in Cognizant Expertise Options have been value $1,705,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).

Numerous different hedge funds and different institutional buyers have additionally not too long ago made adjustments to their positions in CTSH. Teza Capital Administration LLC bought a brand new place in shares of Cognizant Expertise Options through the third quarter valued at roughly $356,000. Gotham Asset Administration LLC lifted its holdings in Cognizant Expertise Options by 3.1% within the third quarter. Gotham Asset Administration LLC now owns 6,598 shares of the data know-how service supplier’s inventory valued at $447,000 after buying an extra 197 shares within the final quarter. Ameriprise Monetary Inc. lifted its holdings in Cognizant Expertise Options by 15.4% within the third quarter. Ameriprise Monetary Inc. now owns 661,426 shares of the data know-how service supplier’s inventory valued at $44,805,000 after buying an extra 88,223 shares within the final quarter. Evergreen Capital Administration LLC lifted its holdings in Cognizant Expertise Options by 4.6% within the third quarter. Evergreen Capital Administration LLC now owns 5,514 shares of the data know-how service supplier’s inventory valued at $374,000 after buying an extra 242 shares within the final quarter. Lastly, JT Stratford LLC lifted its holdings in Cognizant Expertise Options by 38.6% within the third quarter. JT Stratford LLC now owns 10,801 shares of the data know-how service supplier’s inventory valued at $732,000 after buying an extra 3,008 shares within the final quarter. Hedge funds and different institutional buyers personal 92.44% of the corporate’s inventory.

Wall Road Analysts Forecast Progress

Numerous analysis analysts have weighed in on CTSH shares. Evercore ISI raised their value goal on Cognizant Expertise Options from $65.00 to $70.00 and gave the corporate an “in-line” ranking in a report on Tuesday, March twenty sixth. Mizuho restated a “impartial” ranking and issued a $82.00 value goal on shares of Cognizant Expertise Options in a report on Tuesday, June eleventh. StockNews.com lowered Cognizant Expertise Options from a “purchase” ranking to a “maintain” ranking in a report on Thursday, Could 2nd. BMO Capital Markets decreased their value goal on Cognizant Expertise Options from $85.00 to $77.00 and set a “market carry out” ranking on the inventory in a report on Tuesday, April thirtieth. Lastly, Wedbush reiterated an “outperform” ranking and set a $85.00 value goal on shares of Cognizant Expertise Options in a report on Thursday, Could 2nd. One equities analysis analyst has rated the inventory with a promote ranking, fifteen have assigned a maintain ranking and three have given a purchase ranking to the corporate. In accordance with MarketBeat.com, Cognizant Expertise Options has a mean ranking of “Maintain” and a mean value goal of $75.44.

Verify Out Our Newest Analysis Report on CTSH

Cognizant Expertise Options Inventory Efficiency

Shares of CTSH opened at $68.00 on Friday. The inventory has a 50-day easy transferring common of $67.20 and a 200-day easy transferring common of $72.13. The corporate has a debt-to-equity ratio of 0.04, a fast ratio of two.35 and a present ratio of two.35. The inventory has a market capitalization of $33.81 billion, a PE ratio of 16.35, a PEG ratio of two.04 and a beta of 1.05. Cognizant Expertise Options Co. has a 1 12 months low of $62.14 and a 1 12 months excessive of $80.09.

Cognizant Expertise Options (NASDAQ:CTSH – Get Free Report) final posted its earnings outcomes on Wednesday, Could 1st. The data know-how service supplier reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. The agency had income of $4.76 billion through the quarter, in comparison with analysts’ expectations of $4.72 billion. Cognizant Expertise Options had a return on fairness of 17.48% and a internet margin of 10.84%. The agency’s income was down 1.1% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the enterprise earned $1.11 earnings per share. On common, analysts predict that Cognizant Expertise Options Co. will publish 4.61 earnings per share for the present fiscal 12 months.

Cognizant Expertise Options Broadcasts Dividend

The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Wednesday, Could twenty ninth. Stockholders of report on Monday, Could twentieth have been issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, Could seventeenth. Cognizant Expertise Options’s payout ratio is at present 28.85%.

Cognizant Expertise Options Profile

(Free Report)

Cognizant Expertise Options Company, an expert providers firm, offers consulting and know-how, and outsourcing providers 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.

Learn Extra

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



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