Jump Financial LLC Has $443,000 Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Jump Financial LLC decreased its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,755 shares of the information technology service provider’s stock after selling 1,167 shares during the quarter. Jump Financial LLC’s holdings in Cognizant Technology Solutions were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CTSH. Unison Advisors LLC raised its holdings in Cognizant Technology Solutions by 0.4% during the fourth quarter. Unison Advisors LLC now owns 29,595 shares of the information technology service provider’s stock worth $2,276,000 after acquiring an additional 114 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in shares of Cognizant Technology Solutions by 0.5% during the 4th quarter. Congress Wealth Management LLC DE now owns 24,965 shares of the information technology service provider’s stock worth $1,920,000 after purchasing an additional 126 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Cognizant Technology Solutions by 4.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 2,884 shares of the information technology service provider’s stock valued at $222,000 after buying an additional 127 shares during the last quarter. Graypoint LLC increased its holdings in Cognizant Technology Solutions by 2.9% during the fourth quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock worth $369,000 after buying an additional 134 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Cognizant Technology Solutions by 1.5% during the fourth quarter. Parallel Advisors LLC now owns 9,153 shares of the information technology service provider’s stock worth $704,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CTSH shares. Robert W. Baird decreased their price objective on shares of Cognizant Technology Solutions from $90.00 to $78.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Mizuho upgraded Cognizant Technology Solutions to a “hold” rating in a research note on Wednesday, March 19th. Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, March 27th. BMO Capital Markets lifted their price objective on shares of Cognizant Technology Solutions from $88.00 to $94.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced their target price on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Fifteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $84.53.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $72.12 on Friday. The company has a 50 day moving average of $77.25 and a 200-day moving average of $78.65. The company has a market cap of $35.67 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. Cognizant Technology Solutions Co. has a 1-year low of $63.79 and a 1-year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. As a group, equities research analysts forecast that Cognizant Technology Solutions Co. will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.31 per share. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, February 18th. This represents a $1.24 annualized dividend and a yield of 1.72%. Cognizant Technology Solutions’s payout ratio is presently 27.49%.

Cognizant Technology Solutions declared that its board has initiated a share buyback program on Tuesday, March 25th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Cognizant Technology Solutions 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.