Achmea Investment Management B.V. Purchases 5,298 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Achmea Investment Management B.V. raised its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,920 shares of the information technology service provider’s stock after acquiring an additional 5,298 shares during the period. Achmea Investment Management B.V.’s holdings in Cognizant Technology Solutions were worth $13,375,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new position in Cognizant Technology Solutions in the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Cognizant Technology Solutions in the 3rd quarter valued at $30,000. Trust Co. of Vermont lifted its holdings in shares of Cognizant Technology Solutions by 188.4% during the 4th quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock worth $34,000 after acquiring an additional 292 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Cognizant Technology Solutions during the 4th quarter valued at about $36,000. Finally, Spire Wealth Management increased its stake in Cognizant Technology Solutions by 74.7% in the fourth quarter. Spire Wealth Management now owns 477 shares of the information technology service provider’s stock valued at $37,000 after acquiring an additional 204 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 1.5 %

Shares of CTSH opened at $78.34 on Friday. The firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.11 and a beta of 1.12. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $90.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The business’s fifty day moving average price is $82.32 and its two-hundred day moving average price is $79.37.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. On average, analysts predict that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th were issued a $0.31 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 27.49%.

Analyst Ratings Changes

CTSH has been the subject of a number of analyst reports. UBS Group raised their price target on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. BMO Capital Markets raised their target price on Cognizant Technology Solutions from $88.00 to $94.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. Morgan Stanley decreased their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays increased their price objective on Cognizant Technology Solutions from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus target price of $83.39.

Cognizant Technology Solutions 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.