Worldwide Property Funding Administration LLC purchased a brand new stake in shares of Cognizant Know-how Options Co. (NASDAQ:CTSH – Free Report) within the third quarter, in response to its most up-to-date 13F submitting with the Securities & Trade Fee. The agency purchased 25,547 shares of the data know-how service supplier’s inventory, valued at roughly $1,972,000.
Numerous different hedge funds and different institutional traders have additionally modified their holdings of the enterprise. Vanguard Group Inc. elevated its holdings in Cognizant Know-how Options by 13.6% throughout the 1st quarter. Vanguard Group Inc. now owns 58,045,823 shares of the data know-how service supplier’s inventory value $4,254,178,000 after buying an extra 6,933,908 shares over the past quarter. Pzena Funding Administration LLC boosted its stake in Cognizant Know-how Options by 11.7% throughout the 2nd quarter. Pzena Funding Administration LLC now owns 18,609,898 shares of the data know-how service supplier’s inventory valued at $1,265,473,000 after buying an extra 1,943,127 shares over the past quarter. Boston Companions elevated its place in shares of Cognizant Know-how Options by 1.3% within the 1st quarter. Boston Companions now owns 7,781,273 shares of the data know-how service supplier’s inventory value $569,175,000 after buying an extra 101,078 shares over the past quarter. Dimensional Fund Advisors LP raised its stake in shares of Cognizant Know-how Options by 1.7% within the 2nd quarter. Dimensional Fund Advisors LP now owns 5,565,974 shares of the data know-how service supplier’s inventory valued at $378,483,000 after buying an extra 94,209 shares within the final quarter. Lastly, Authorized & Common Group Plc lifted its place in shares of Cognizant Know-how Options by 2.7% throughout the second quarter. Authorized & Common Group Plc now owns 5,340,480 shares of the data know-how service supplier’s inventory value $363,153,000 after buying an extra 142,225 shares over the past quarter. 92.44% of the inventory is owned by hedge funds and different institutional traders.
Analysts Set New Worth Targets
Numerous analysis analysts have commented on CTSH shares. Daiwa America raised Cognizant Know-how Options to a “maintain” ranking in a report on Tuesday, August twenty seventh. JPMorgan Chase & Co. raised their worth goal on Cognizant Know-how Options from $82.00 to $89.00 and gave the inventory a “impartial” ranking in a analysis notice on Friday, September sixth. TD Cowen boosted their goal worth on shares of Cognizant Know-how Options from $75.00 to $76.00 and gave the corporate a “maintain” ranking in a analysis notice on Thursday. Barclays raised their worth goal on shares of Cognizant Know-how Options from $75.00 to $80.00 and gave the inventory an “equal weight” ranking in a analysis report on Tuesday, July twenty third. Lastly, StockNews.com downgraded shares of Cognizant Know-how Options from a “purchase” ranking to a “maintain” ranking in a analysis report on Thursday. One analyst has rated the inventory with a promote ranking, nineteen have issued a maintain ranking and three have given a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, Cognizant Know-how Options has a mean ranking of “Maintain” and a mean goal worth of $78.37.
Get Our Newest Inventory Evaluation on CTSH
Cognizant Know-how Options Worth Efficiency
Shares of NASDAQ:CTSH opened at $74.61 on Monday. The inventory has a market cap of $36.98 billion, a price-to-earnings ratio of 16.51, a PEG ratio of two.08 and a beta of 1.05. The corporate has a debt-to-equity ratio of 0.08, a present ratio of two.23 and a fast ratio of two.46. Cognizant Know-how Options Co. has a 12 month low of $62.14 and a 12 month excessive of $80.27. The inventory’s 50 day transferring common worth is $76.36 and its 200 day transferring common worth is $72.05.
Cognizant Know-how Options (NASDAQ:CTSH – Get Free Report) final introduced its quarterly earnings information on Wednesday, October thirtieth. The knowledge know-how service supplier reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The enterprise had income of $5.04 billion throughout the quarter, in comparison with analyst estimates of $4.99 billion. Cognizant Know-how Options had a return on fairness of 17.08% and a web margin of 11.60%. The corporate’s income was up 3.0% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency posted $1.16 earnings per share. Equities analysis analysts anticipate that Cognizant Know-how Options Co. will put up 4.65 earnings per share for the present fiscal yr.
Cognizant Know-how Options Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which might be paid on Wednesday, November twenty seventh. Traders of file on Tuesday, November nineteenth might be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November nineteenth. This represents a $1.20 dividend on an annualized foundation and a dividend yield of 1.61%. Cognizant Know-how Options’s payout ratio is at the moment 26.55%.
Insider Exercise at Cognizant Know-how Options
In associated information, CEO Ravi Kumar Singisetti bought 6,728 shares of Cognizant Know-how Options inventory in a transaction on Tuesday, August sixth. The inventory was bought at a mean worth of $73.66, for a complete worth of $495,584.48. Following the transaction, the chief govt officer now immediately owns 46,427 shares within the firm, valued at $3,419,812.82. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is out there via this hyperlink. Firm insiders personal 0.26% of the corporate’s inventory.
About Cognizant Know-how Options
(Free Report)
Cognizant Know-how Options Company, an expert providers firm, offers consulting and know-how, and outsourcing providers in North America, Europe, and internationally. It operates via 4 segments: Monetary Companies, Well being Sciences, Merchandise and Assets, and Communications, Media and Know-how.
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