CAPROCK Group Inc. boosted its holdings in shares of Cognizant Expertise Options Co. (NASDAQ:CTSH – Get Ranking) by 12.6% within the 1st quarter, in line with its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 16,355 shares of the knowledge know-how service supplier’s inventory after buying a further 1,836 shares through the interval. CAPROCK Group Inc.’s holdings in Cognizant Expertise Options had been value $1,467,000 on the finish of the newest quarter.
Numerous different hedge funds and different institutional traders have additionally added to or diminished their stakes in CTSH. MV Capital Administration Inc. lifted its stake in Cognizant Expertise Options by 94.8% through the fourth quarter. MV Capital Administration Inc. now owns 302 shares of the knowledge know-how service supplier’s inventory value $27,000 after buying a further 147 shares over the last quarter. Cornerstone Advisory LLC purchased a brand new stake in Cognizant Expertise Options through the fourth quarter value $27,000. Fieldpoint Personal Securities LLC lifted its stake in Cognizant Expertise Options by 475.4% through the fourth quarter. Fieldpoint Personal Securities LLC now owns 397 shares of the knowledge know-how service supplier’s inventory value $35,000 after buying a further 328 shares over the last quarter. CVA Household Workplace LLC lifted its stake in Cognizant Expertise Options by 1,410.3% through the fourth quarter. CVA Household Workplace LLC now owns 589 shares of the knowledge know-how service supplier’s inventory value $52,000 after buying a further 550 shares over the last quarter. Lastly, West Bancorporation Inc. purchased a brand new stake in Cognizant Expertise Options through the fourth quarter value $53,000. Hedge funds and different institutional traders personal 90.73% of the corporate’s inventory.
Shares of NASDAQ:CTSH opened at $67.48 on Thursday. The agency has a market cap of $35.17 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.37 and a beta of 1.10. The corporate has a fast ratio of two.22, a present ratio of two.22 and a debt-to-equity ratio of 0.05. Cognizant Expertise Options Co. has a 12-month low of $65.24 and a 12-month excessive of $93.47. The enterprise has a fifty day easy transferring common of $75.39 and a 200 day easy transferring common of $83.09.
Cognizant Expertise Options (NASDAQ:CTSH – Get Ranking) final issued its quarterly earnings outcomes on Wednesday, Could 4th. The data know-how service supplier reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. Cognizant Expertise Options had a return on fairness of 19.07% and a internet margin of 11.59%. The agency had income of $4.83 billion through the quarter, in comparison with the consensus estimate of $4.83 billion. Throughout the identical interval final yr, the enterprise posted $0.97 EPS. The enterprise’s income was up 9.7% in comparison with the identical quarter final yr. As a bunch, equities analysis analysts count on that Cognizant Expertise Options Co. will put up 4.51 EPS for the present yr.
The agency additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, Could thirty first. Shareholders of file on Friday, Could twentieth had been issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, Could nineteenth. This represents a $1.08 dividend on an annualized foundation and a yield of 1.60%. Cognizant Expertise Options’s payout ratio is presently 25.90%.
CTSH has been the topic of a number of latest analyst studies. Cowen lower their goal worth on Cognizant Expertise Options from $98.00 to $95.00 in a analysis notice on Monday, Could ninth. Citigroup dropped their worth goal on Cognizant Expertise Options from $95.00 to $88.00 in a analysis notice on Thursday, Could fifth. Cowen dropped their worth goal on Cognizant Expertise Options from $98.00 to $95.00 in a analysis notice on Monday, Could ninth. Lastly, StockNews.com lower Cognizant Expertise Options from a “strong-buy” score to a “purchase” score in a analysis notice on Wednesday, Could eleventh. One equities analysis analyst has rated the inventory with a promote score, 4 have assigned a maintain score and ten have given a purchase score to the corporate. Based mostly on knowledge from MarketBeat, the corporate has a consensus score of “Average Purchase” and a consensus goal worth of $92.53.
In different information, Director Michael Patsalos-Fox offered 5,687 shares of the agency’s inventory in a transaction dated Tuesday, Could seventeenth. The inventory was offered at a median worth of $74.40, for a complete worth of $423,112.80. Following the completion of the sale, the director now instantly owns 57,534 shares within the firm, valued at roughly $4,280,529.60. The sale was disclosed in a doc filed with the SEC, which is accessible by means of this hyperlink. Additionally, EVP Andrew J. Stafford offered 5,867 shares of the agency’s inventory in a transaction dated Tuesday, Could tenth. The shares had been offered at a median worth of $77.24, for a complete worth of $453,167.08. Following the completion of the sale, the chief vp now owns 5,872 shares of the corporate’s inventory, valued at $453,553.28. The disclosure for this sale may be discovered right here. Firm insiders personal 0.34% of the corporate’s inventory.
About Cognizant Expertise Options (Get Ranking)
Cognizant Expertise Options Company, an expert providers firm, offers consulting and know-how, and outsourcing providers in North America, Europe, and internationally. It operates by means of 4 segments: Monetary Companies; Healthcare; Merchandise and Sources; and Communications, Media and Expertise.
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