Achmea Investment Management B.V. Has $13.38 Million Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Achmea Investment Management B.V. lifted its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,920 shares of the information technology service provider’s stock after acquiring an additional 5,298 shares during the period. Achmea Investment Management B.V.’s holdings in Cognizant Technology Solutions were worth $13,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CTSH. Janney Montgomery Scott LLC bought a new position in Cognizant Technology Solutions during the third quarter worth about $1,433,000. Ashton Thomas Securities LLC bought a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $30,000. Versor Investments LP acquired a new position in shares of Cognizant Technology Solutions in the 3rd quarter valued at approximately $334,000. Aigen Investment Management LP bought a new stake in Cognizant Technology Solutions during the 3rd quarter worth approximately $714,000. Finally, Victory Capital Management Inc. raised its holdings in Cognizant Technology Solutions by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 953,775 shares of the information technology service provider’s stock worth $73,612,000 after buying an additional 76,522 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $78.34 on Friday. The stock has a market cap of $38.75 billion, a PE ratio of 17.37, a P/E/G ratio of 2.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a 50-day moving average of $82.32 and a 200-day moving average of $79.37. Cognizant Technology Solutions Co. has a 52-week low of $63.79 and a 52-week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Cognizant Technology Solutions had a net margin of 11.35% and a return on equity of 16.78%. On average, sell-side analysts anticipate that Cognizant Technology Solutions Co. will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 18th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, February 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CTSH shares. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, February 6th. Barclays upped their target price on shares of Cognizant Technology Solutions from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. UBS Group lifted their price target on Cognizant Technology Solutions from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. BMO Capital Markets upped their price objective on 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, StockNews.com upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $83.39.

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.