Hendershot Investments Inc. Purchases 4,720 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Hendershot Investments Inc. boosted its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,052 shares of the information technology service provider’s stock after buying an additional 4,720 shares during the quarter. Cognizant Technology Solutions makes up about 2.3% of Hendershot Investments Inc.’s holdings, making the stock its 14th largest position. Hendershot Investments Inc.’s holdings in Cognizant Technology Solutions were worth $17,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CTSH. Addison Advisors LLC lifted its holdings in Cognizant Technology Solutions by 127.7% during the third 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 during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Cognizant Technology Solutions in the third quarter valued at approximately $30,000. Trust Co. of Vermont boosted its holdings in Cognizant Technology Solutions by 188.4% in the 4th quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock worth $34,000 after buying an additional 292 shares during the period. Pinnacle Bancorp Inc. grew its stake in 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 buying an additional 146 shares in the last quarter. Finally, Eastern Bank bought a new stake in Cognizant Technology Solutions during the 3rd quarter valued at $37,000. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Down 1.0 %

Shares of CTSH stock opened at $86.20 on Friday. The business has a 50-day moving average of $79.55 and a 200 day moving average of $77.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Co. has a 1-year low of $63.79 and a 1-year high of $87.61. The stock has a market capitalization of $42.74 billion, a PE ratio of 19.07, a P/E/G ratio of 2.21 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.44%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 27.49%.

Insider Activity at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 5,000 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CTSH shares. TD Cowen lifted their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday. Royal Bank of Canada increased their price target on shares of Cognizant Technology Solutions from $82.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday. Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $80.00 to $95.00 in a research note on Tuesday, December 17th. Finally, UBS Group upped their target price on Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $83.22.

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.