Norden Group LLC Invests $233,000 in Cognizant Technology Solutions Co. (NASDAQ:CTSH) – Journal Global Online

Norden Group LLC bought a newborn wager in Cognizant Technology Solutions Co. (NASDAQ:CTSH – Free Report) during the prototypal quarter, according to the consort in its most past Form 13F filing with the Securities and Exchange Commission (SEC). The institutionalised investor bought 3,178 shares of the aggregation profession assist provider’s stock, valued at roughly $233,000.

A sort of another super investors hit also added to or baritone their wager in CTSH. Turtle Creek Wealth Advisors LLC bought a newborn function in shares of Cognizant Technology Solutions during the 4th lodge valued at most $26,000. Spire Wealth Management boosted its wager in Cognizant Technology Solutions by 79.1% in the ordinal quarter. Spire Wealth Management today owns 437 shares of the aggregation profession assist provider’s hit worth $34,000 after purchase an added 193 shares in the terminal quarter. Neo Ivy Capital Management bought a newborn function in Cognizant Technology Solutions during the ordinal lodge valued at roughly $40,000. Quarry LP purchased a newborn function in shares of Cognizant Technology Solutions during the ordinal lodge worth roughly $43,000. Finally, Valley National Advisers Inc. upraised its wager in shares of Cognizant Technology Solutions by 43.2% during the ordinal quarter. Valley National Advisers Inc. today owns 590 shares of the aggregation profession assist provider’s hit worth $44,000 after feat an added 178 shares in the terminal quarter. Hedge assets and another institutionalised investors possess 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH unsealed at $71.53 on Friday. The consort has a mart estimation of $35.56 billion, a PE ratio of 17.19, a PEG ratio of 2.10 and a beta of 1.05. The playing has a banknote punctuation agitated cipher toll of $67.48 and a 200-day agitated cipher toll of $71.90. Cognizant Technology Solutions Co. has a 1-year baritone of $62.14 and a 1-year broad of $80.09. The consort has a debt-to-equity ratio of 0.04, a underway ratio of 2.35 and a hurried ratio of 2.35.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) terminal free its quarterly earnings accumulation on Wednesday, May 1st. The aggregation profession assist bourgeois reportable $1.12 earnings per deal for the quarter, fighting analysts’ consensus estimates of $1.11 by $0.01. The playing had income of $4.76 1000000000 during the quarter, compared to shrink estimates of $4.72 billion. Cognizant Technology Solutions had a gain edge of 10.84% and a convey on justness of 17.48%. Cognizant Technology Solutions’s income was downbound 1.1% compared to the aforementioned lodge terminal year. During the aforementioned punctuation terminal year, the playing attained $1.11 EPS. As a group, equities analysts wait that Cognizant Technology Solutions Co. module place 4.61 EPS for the underway business year.

Cognizant Technology Solutions Announces Dividend

The concern also fresh declared a quarterly dividend, which was paying on Wednesday, May 29th. Shareholders of achievement on Monday, May 20th were paying a dividend of $0.30 per share. The ex-dividend fellow of this dividend was Friday, May 17th. This represents a $1.20 annualized dividend and a consent of 1.68%. Cognizant Technology Solutions’s dividend payout ratio is 28.85%.

Analysts Set New Price Targets

CTSH has been the matter of a sort of shrink reports. BMO Capital Markets attenuated their direct toll on shares of Cognizant Technology Solutions from $85.00 to $77.00 and ordered a “market perform” judgement on the hit in a investigate inform on Tuesday, Apr 30th. Citigroup down their direct toll on Cognizant Technology Solutions from $90.00 to $82.00 and ordered a “buy” judgement for the consort in a investigate state on Monday, Apr 22nd. Needham & Company LLC restated a “hold” judgement on shares of Cognizant Technology Solutions in a investigate inform on Monday, June 10th. river down their toll neutral on Cognizant Technology Solutions from $80.00 to $78.00 and ordered a “neutral” judgement for the consort in a investigate inform on Thursday, May 2nd. Finally, Barclays revilement their direct toll on shares of Cognizant Technology Solutions from $80.00 to $75.00 and ordered an “equal weight” judgement on the hit in a inform on Friday, Apr 26th. One equities investigate shrink has rated the hit with a delude rating, cardinal hit appointed a stop judgement and threesome hit presented a acquire judgement to the stock. Based on accumulation from MarketBeat, the hit currently has a consensus judgement of “Hold” and a consensus toll direct of $75.44.

Check Out Our Latest Report on CTSH

Cognizant Technology Solutions Company Profile

(Free Report)

Cognizant Technology Solutions Corporation, a professed services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates finished quaternary segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.

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