Radnor Capital Management LLC Trims Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Radnor Capital Management LLC lowered its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,740 shares of the information technology service provider’s stock after selling 1,000 shares during the quarter. Radnor Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $1,826,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Addison Advisors LLC grew its stake in shares of Cognizant Technology Solutions by 127.7% in the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter worth about $30,000. Pinnacle Bancorp Inc. grew its position in Cognizant Technology Solutions by 47.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Benjamin Edwards Inc. increased its stake in Cognizant Technology Solutions by 42.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock valued at $36,000 after purchasing an additional 158 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Cognizant Technology Solutions in the third quarter worth approximately $37,000. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

CTSH has been the subject of several analyst reports. Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $95.00 in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. StockNews.com cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday. TD Cowen boosted their target price on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird raised their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Fifteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $81.19.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $77.17 on Wednesday. The stock has a market cap of $38.26 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.21 and a beta of 1.06. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.46. The firm has a fifty day moving average price of $79.09 and a 200-day moving average price of $76.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business posted $1.16 EPS. Cognizant Technology Solutions’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were paid a $0.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.56%. Cognizant Technology Solutions’s payout ratio is 26.55%.

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.