Benjamin F. Edwards & Company Inc. raised its position in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 225.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 732 shares of the information technology service provider’s stock after buying an additional 507 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Cognizant Technology Solutions were worth $46,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. First Merchants Corp increased its stake in shares of Cognizant Technology Solutions by 1.3% during the 4th quarter. First Merchants Corp now owns 35,913 shares of the information technology service provider’s stock worth $2,280,000 after purchasing an additional 455 shares during the last quarter. Broad Peak Investment Management LTD. increased its stake in shares of Cognizant Technology Solutions by 0.4% during the 4th quarter. Broad Peak Investment Management LTD. now owns 2,381,079 shares of the information technology service provider’s stock worth $151,151,000 after purchasing an additional 8,800 shares during the last quarter. First Interstate Bank increased its stake in shares of Cognizant Technology Solutions by 9.3% during the 4th quarter. First Interstate Bank now owns 2,133 shares of the information technology service provider’s stock worth $135,000 after purchasing an additional 182 shares during the last quarter. Regentatlantic Capital LLC increased its stake in shares of Cognizant Technology Solutions by 127.4% during the 4th quarter. Regentatlantic Capital LLC now owns 33,567 shares of the information technology service provider’s stock worth $2,131,000 after purchasing an additional 18,805 shares during the last quarter. Finally, First Personal Financial Services increased its stake in shares of Cognizant Technology Solutions by 6.9% during the 4th quarter. First Personal Financial Services now owns 10,129 shares of the information technology service provider’s stock worth $643,000 after purchasing an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 86.73% of the company’s stock.

CTSH opened at $73.58 on Thursday. The company has a market capitalization of $42.86 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. Cognizant Technology Solutions Corp has a 12 month low of $59.47 and a 12 month high of $85.10. The company has a quick ratio of 3.24, a current ratio of 3.12 and a debt-to-equity ratio of 0.06.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 6th. The information technology service provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.11 billion. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. Cognizant Technology Solutions’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, equities analysts expect that Cognizant Technology Solutions Corp will post 4.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 21st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 20th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 19.90%.

In other Cognizant Technology Solutions news, EVP James Patrick Lennox sold 2,878 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $63.35, for a total value of $182,321.30. Following the completion of the transaction, the executive vice president now directly owns 3,744 shares of the company’s stock, valued at approximately $237,182.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Malcolm Frank sold 3,190 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $70.48, for a total transaction of $224,831.20. Following the completion of the transaction, the vice president now directly owns 22,881 shares of the company’s stock, valued at $1,612,652.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,009 shares of company stock valued at $1,529,699. 0.60% of the stock is owned by insiders.

CTSH has been the subject of several research analyst reports. Loop Capital set a $94.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research note on Monday, November 19th. Nomura upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Wednesday, October 31st. Citigroup decreased their price target on shares of Cognizant Technology Solutions from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. BMO Capital Markets restated a “buy” rating and set a $82.00 price target on shares of Cognizant Technology Solutions in a research note on Tuesday, October 30th. Finally, Goldman Sachs Group upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating in a research note on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.29.

WARNING: “Benjamin F. Edwards & Company Inc. Has $46,000 Holdings in Cognizant Technology Solutions Corp (CTSH)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.watchlistnews.com/benjamin-f-edwards-company-inc-has-46000-holdings-in-cognizant-technology-solutions-corp-ctsh/2819291.html.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

See Also: What is the Stochastic Momentum Index (SMI)?

Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.