Allspring World Investments Holdings LLC Sells 156,324 Shares of Cognizant Expertise Options Co. (NASDAQ:CTSH)


Allspring World Investments Holdings LLC lessened its holdings in Cognizant Expertise Options Co. (NASDAQ:CTSH – Free Report) by 40.9% through the 1st quarter, in accordance with its most up-to-date submitting with the Securities & Alternate Fee. The fund owned 225,727 shares of the knowledge expertise service supplier’s inventory after promoting 156,324 shares through the quarter. Allspring World Investments Holdings LLC’s holdings in Cognizant Expertise Options have been value $16,544,000 as of its most up-to-date submitting with the Securities & Alternate Fee.

Numerous different hedge funds and different institutional traders have additionally made modifications to their positions in CTSH. Turtle Creek Wealth Advisors LLC purchased a brand new place in shares of Cognizant Expertise Options through the 4th quarter value $26,000. Spire Wealth Administration boosted its place in Cognizant Expertise Options by 79.1% through the fourth quarter. Spire Wealth Administration now owns 437 shares of the knowledge expertise service supplier’s inventory valued at $34,000 after buying an extra 193 shares within the final quarter. Neo Ivy Capital Administration purchased a brand new stake in Cognizant Expertise Options through the fourth quarter valued at about $40,000. Quarry LP purchased a brand new stake in Cognizant Expertise Options through the fourth quarter valued at about $43,000. Lastly, Valley Nationwide Advisers Inc. boosted its place in Cognizant Expertise Options by 43.2% through the fourth quarter. Valley Nationwide Advisers Inc. now owns 590 shares of the knowledge expertise service supplier’s inventory valued at $44,000 after buying an extra 178 shares within the final quarter. Institutional traders personal 92.44% of the corporate’s inventory.

Analyst Rankings Modifications

Numerous brokerages just lately weighed in on CTSH. Wedbush reaffirmed an “outperform” score and set a $85.00 worth goal on shares of Cognizant Expertise Options in a analysis report on Thursday, Might 2nd. BMO Capital Markets decreased their worth goal on Cognizant Expertise Options from $85.00 to $77.00 and set a “market carry out” score for the corporate in a analysis be aware on Tuesday, April thirtieth. Evercore ISI elevated their worth goal on Cognizant Expertise Options from $65.00 to $70.00 and gave the corporate an “in-line” score in a analysis be aware on Tuesday, March twenty sixth. Guggenheim initiated protection on Cognizant Expertise Options in a analysis be aware on Tuesday, March nineteenth. They issued a “impartial” score and a $80.00 worth goal for the corporate. Lastly, Susquehanna decreased their worth goal on Cognizant Expertise Options from $80.00 to $78.00 and set a “impartial” score for the corporate in a analysis be aware on Thursday, Might 2nd. One analysis analyst has rated the inventory with a promote score, fifteen have given a maintain score and three have assigned a purchase score to the corporate’s inventory. In line with MarketBeat, Cognizant Expertise Options at the moment has a mean score of “Maintain” and a consensus goal worth of $75.44.

Learn Our Newest Inventory Report on Cognizant Expertise Options

Cognizant Expertise Options Inventory Down 0.4 %

Shares of CTSH opened at $68.00 on Friday. The corporate has a present ratio of two.35, a fast 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’s 50 day shifting common is $67.20 and its two-hundred day shifting common is $72.11. The agency has a market cap of $33.81 billion, a P/E ratio of 16.35, a PEG ratio of two.04 and a beta of 1.05.

Cognizant Expertise Options (NASDAQ:CTSH – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, Might 1st. The data expertise service supplier reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The agency had income of $4.76 billion for the quarter, in comparison with analyst estimates of $4.72 billion. Cognizant Expertise Options had a return on fairness of 17.48% and a web margin of 10.84%. The enterprise’s income was down 1.1% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the corporate posted $1.11 earnings per share. Analysts predict that Cognizant Expertise Options Co. will submit 4.61 earnings per share for the present fiscal 12 months.

Cognizant Expertise Options Broadcasts Dividend

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

Cognizant Expertise Options Firm Profile

(Free Report)

Cognizant Expertise Options Company, knowledgeable providers firm, gives consulting and expertise, and outsourcing providers in North America, Europe, and internationally. It operates via 4 segments: Monetary Providers, Well being Sciences, Merchandise and Assets, and Communications, Media and Expertise.

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



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