Venture Visionary Partners LLC Takes Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Venture Visionary Partners LLC acquired a new position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,411 shares of the information technology service provider’s stock, valued at approximately $340,000.

A number of other large investors have also recently made changes to their positions in the stock. 1620 Investment Advisors Inc. purchased a new position in Cognizant Technology Solutions during the second quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in Cognizant Technology Solutions during the first quarter valued at $28,000. Pinnacle Bancorp Inc. grew its position in Cognizant Technology Solutions by 47.4% during the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after buying an additional 146 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Cognizant Technology Solutions by 42.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock worth $36,000 after acquiring an additional 158 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of Cognizant Technology Solutions in the second quarter worth approximately $40,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $76.07 on Thursday. Cognizant Technology Solutions Co. has a 1 year low of $62.14 and a 1 year high of $80.27. The stock has a market capitalization of $37.82 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.16 and a beta of 1.05. The company’s 50-day moving average is $76.53 and its 200 day moving average is $71.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.46 and a quick ratio of 2.46.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, July 31st. The information technology service provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. Cognizant Technology Solutions had a return on equity of 17.31% and a net margin of 11.39%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. On average, sell-side analysts expect that Cognizant Technology Solutions Co. will post 4.62 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, August 20th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.85%.

Insider Transactions at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 6,728 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $73.66, for a total transaction of $495,584.48. Following the sale, the chief executive officer now owns 46,427 shares of the company’s stock, valued at $3,419,812.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTSH. The Goldman Sachs Group reissued a “neutral” rating and issued a $76.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their price objective on Cognizant Technology Solutions from $82.00 to $89.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Robert W. Baird increased their price target on shares of Cognizant Technology Solutions from $75.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Jefferies Financial Group started coverage on shares of Cognizant Technology Solutions in a report on Wednesday, August 28th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, StockNews.com lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $77.58.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.