APG Asset Management N.V. trimmed its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,495,808 shares of the information technology service provider’s stock after selling 30,400 shares during the period. APG Asset Management N.V. owned about 0.78% of Cognizant Technology Solutions worth $249,656,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CTSH. Acima Private Wealth LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $29,000. Sontag Advisory LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $30,000. Citizens Financial Group Inc RI raised its position in shares of Cognizant Technology Solutions by 176.5% during the 4th quarter. Citizens Financial Group Inc RI now owns 611 shares of the information technology service provider’s stock worth $39,000 after purchasing an additional 390 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Cognizant Technology Solutions by 133.5% during the 4th quarter. Kistler Tiffany Companies LLC now owns 642 shares of the information technology service provider’s stock worth $41,000 after purchasing an additional 367 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

In other news, VP Malcolm Frank sold 7,251 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $61.88, for a total transaction of $448,691.88. Following the completion of the sale, the vice president now directly owns 26,289 shares of the company’s stock, valued at approximately $1,626,763.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gajakarnan Vibushanan Kandiah sold 851 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $72.31, for a total transaction of $61,535.81. Following the sale, the insider now directly owns 14,503 shares of the company’s stock, valued at $1,048,711.93. The disclosure for this sale can be found here. Insiders sold a total of 57,533 shares of company stock valued at $4,032,493 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on CTSH. Daiwa Capital Markets began coverage on Cognizant Technology Solutions in a research report on Wednesday, February 13th. They set a “buy” rating and a $90.00 price objective for the company. Zacks Investment Research downgraded Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Monday, February 11th. BidaskClub upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. BMO Capital Markets lifted their price objective on Cognizant Technology Solutions to $80.00 and gave the stock a “market perform” rating in a research report on Monday, February 4th. Finally, Cowen downgraded Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $67.98 price objective for the company. in a research report on Sunday, December 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Cognizant Technology Solutions has a consensus rating of “Hold” and an average price target of $81.19.

CTSH stock opened at $71.09 on Wednesday. The company has a market capitalization of $41.07 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.12 and a quick ratio of 3.12. Cognizant Technology Solutions Corp has a one year low of $59.47 and a one year high of $83.35.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 6th. The information technology service provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. Cognizant Technology Solutions’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. As a group, sell-side analysts expect that Cognizant Technology Solutions Corp will post 4.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st were paid a $0.20 dividend. The ex-dividend date was Wednesday, February 20th. This represents a $0.80 annualized dividend and a yield of 1.13%. Cognizant Technology Solutions’s payout ratio is currently 19.90%.

COPYRIGHT VIOLATION NOTICE: “APG Asset Management N.V. Trims Stake in Cognizant Technology Solutions Corp (CTSH)” was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.watchlistnews.com/apg-asset-management-n-v-trims-stake-in-cognizant-technology-solutions-corp-ctsh/2920247.html.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.

Further Reading: Understanding Market Liquidity

Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.