Grandfield & Dodd LLC Has $14.11 Million Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Grandfield & Dodd LLC boosted its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,834 shares of the information technology service provider’s stock after buying an additional 2,654 shares during the period. Grandfield & Dodd LLC’s holdings in Cognizant Technology Solutions were worth $14,111,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL lifted its position in Cognizant Technology Solutions by 2.5% in the 1st quarter. Blair William & Co. IL now owns 16,795 shares of the information technology service provider’s stock valued at $1,231,000 after acquiring an additional 412 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in shares of Cognizant Technology Solutions by 7.8% during the first quarter. Lake Street Advisors Group LLC now owns 6,878 shares of the information technology service provider’s stock valued at $504,000 after buying an additional 500 shares during the last quarter. MQS Management LLC bought a new stake in Cognizant Technology Solutions during the first quarter worth $458,000. Shell Asset Management Co. raised its position in Cognizant Technology Solutions by 26.5% in the 1st quarter. Shell Asset Management Co. now owns 39,875 shares of the information technology service provider’s stock valued at $2,922,000 after buying an additional 8,355 shares during the last quarter. Finally, Linscomb Wealth Inc. lifted its stake in Cognizant Technology Solutions by 0.8% during the 1st quarter. Linscomb Wealth Inc. now owns 26,898 shares of the information technology service provider’s stock valued at $1,971,000 after acquiring an additional 201 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CTSH shares. TD Cowen increased their target price on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. StockNews.com lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Robert W. Baird lifted their price target on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada boosted their price objective on Cognizant Technology Solutions from $81.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $79.47.

Cognizant Technology Solutions Stock Down 0.3 %

CTSH opened at $76.32 on Wednesday. The company has a 50 day moving average of $76.86 and a 200 day moving average of $73.08. Cognizant Technology Solutions Co. has a 12 month low of $63.79 and a 12 month high of $82.41. The company has a market cap of $37.84 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08.

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

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. Cognizant Technology Solutions’s dividend payout ratio is currently 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.