Brighton Jones LLC bought a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,223 shares of the information technology service provider’s stock, valued at approximately $214,000.

Other large investors also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. boosted its stake in Cognizant Technology Solutions Corporation by 6.2% in the second quarter. McKinley Carter Wealth Services Inc. now owns 34,950 shares of the information technology service provider’s stock valued at $2,321,000 after buying an additional 2,033 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 9.6% in the second quarter. Neuberger Berman Group LLC now owns 2,222,044 shares of the information technology service provider’s stock worth $147,544,000 after buying an additional 194,984 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Cognizant Technology Solutions Corporation by 11.6% in the second quarter. Pacer Advisors Inc. now owns 21,629 shares of the information technology service provider’s stock worth $1,436,000 after buying an additional 2,251 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Cognizant Technology Solutions Corporation by 15.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 141,420 shares of the information technology service provider’s stock worth $9,390,000 after buying an additional 19,295 shares in the last quarter. Finally, Airain ltd boosted its position in shares of Cognizant Technology Solutions Corporation by 377.5% in the second quarter. Airain ltd now owns 209,557 shares of the information technology service provider’s stock worth $13,915,000 after buying an additional 165,672 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 69.65 on Wednesday. The firm has a 50-day moving average of $69.67 and a 200-day moving average of $63.83. Cognizant Technology Solutions Corporation has a 52 week low of $45.44 and a 52 week high of $72.07. The company has a market capitalization of $41.14 billion, a PE ratio of 22.35 and a beta of 1.17.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Equities analysts expect that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, August 18th. Cognizant Technology Solutions Corporation’s payout ratio is currently 19.17%.

COPYRIGHT VIOLATION NOTICE: “Brighton Jones LLC Buys New Stake in Cognizant Technology Solutions Corporation (CTSH)” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/brighton-jones-llc-buys-new-stake-in-cognizant-technology-solutions-corporation-ctsh/1531838.html.

A number of brokerages have commented on CTSH. Zacks Investment Research cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Needham & Company LLC restated a “buy” rating and set a $78.00 price target (up previously from $72.00) on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, August 9th. Berenberg Bank upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $85.00 in a research note on Tuesday, August 8th. BMO Capital Markets restated a “buy” rating and set a $76.00 price target (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. Finally, Credit Suisse Group set a $80.00 price target on shares of Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Cognizant Technology Solutions Corporation currently has an average rating of “Buy” and a consensus target price of $70.02.

In other Cognizant Technology Solutions Corporation news, COO Srinivasan Veeraraghavachary sold 2,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $71.00, for a total transaction of $177,500.00. Following the transaction, the chief operating officer now directly owns 27,165 shares of the company’s stock, valued at approximately $1,928,715. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ramakrishna Prasa Chintamaneni sold 5,462 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $72.00, for a total transaction of $393,264.00. Following the transaction, the insider now directly owns 6,610 shares in the company, valued at $475,920. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,479 shares of company stock worth $6,519,763. Insiders own 1.08% of the company’s stock.

About Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

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

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