Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH decreased its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,071 shares of the information technology service provider’s stock after selling 387 shares during the period. Trust Co. of Toledo NA OH’s holdings in Cognizant Technology Solutions were worth $1,543,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Addison Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 127.7% during the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $30,000. Pinnacle Bancorp Inc. boosted its position in shares of 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 in the last quarter. Benjamin Edwards Inc. boosted its position in shares of 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 during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the sale, the chief accounting officer now owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Cognizant Technology Solutions Stock Up 0.7 %

CTSH stock traded up $0.52 during trading hours on Monday, hitting $75.84. The company’s stock had a trading volume of 341,154 shares, compared to its average volume of 2,216,750. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $37.60 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07. Cognizant Technology Solutions Co. has a 12 month low of $63.79 and a 12 month high of $82.46. The stock has a 50 day moving average price of $79.02 and a two-hundred day moving average price of $76.24.

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

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CTSH. Mizuho raised their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. TD Cowen raised their price objective on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $95.00 in a research report on Tuesday, December 17th. Robert W. Baird lifted their target price on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, December 31st. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $81.19.

About Cognizant Technology Solutions

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.