Radnor Capital Management LLC Takes $1.91 Million Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Radnor Capital Management LLC purchased a new stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,740 shares of the information technology service provider’s stock, valued at approximately $1,909,000.

A number of other large investors also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. lifted its stake in shares of Cognizant Technology Solutions by 47.4% in 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 period. Benjamin Edwards Inc. lifted its stake in shares of 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 valued at $36,000 after purchasing an additional 158 shares during the period. Choate Investment Advisors lifted its stake in shares of Cognizant Technology Solutions by 0.4% in the 1st quarter. Choate Investment Advisors now owns 48,552 shares of the information technology service provider’s stock valued at $3,558,000 after purchasing an additional 180 shares during the period. V Square Quantitative Management LLC raised its stake in Cognizant Technology Solutions by 1.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 11,169 shares of the information technology service provider’s stock worth $862,000 after buying an additional 194 shares during the period. Finally, First Personal Financial Services raised its stake in Cognizant Technology Solutions by 0.6% during the 2nd quarter. First Personal Financial Services now owns 34,893 shares of the information technology service provider’s stock worth $2,373,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CTSH shares. Robert W. Baird raised their price objective on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. TD Cowen raised their price objective on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Daiwa America raised Cognizant Technology Solutions to a “hold” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $78.37.

Cognizant Technology Solutions Trading Up 0.7 %

Cognizant Technology Solutions stock opened at $75.39 on Wednesday. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $80.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $37.37 billion, a P/E ratio of 16.68, a PEG ratio of 2.06 and a beta of 1.05. The stock has a 50-day simple moving average of $76.28 and a 200 day simple moving average of $72.16.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 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 analysts’ expectations of $4.99 billion. During the same quarter last year, the company posted $1.16 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, November 19th. Cognizant Technology Solutions’s dividend payout ratio is presently 26.55%.

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.