Cognizant Technology Solutions Corp (CTSH) Holdings Increased by Provident Investment Management Inc.
Provident Investment Management Inc. boosted its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 461,126 shares of the information technology service provider’s stock after purchasing an additional 16,796 shares during the quarter. Cognizant Technology Solutions comprises 5.2% of Provident Investment Management Inc.’s holdings, making the stock its 2nd biggest position. Provident Investment Management Inc. owned 0.08% of Cognizant Technology Solutions worth $36,424,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Rainier Group Investment Advisory LLC acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at approximately $100,000. Kaizen Advisory LLC grew its position in shares of Cognizant Technology Solutions by 149.4% in the 2nd quarter. Kaizen Advisory LLC now owns 1,429 shares of the information technology service provider’s stock valued at $113,000 after purchasing an additional 856 shares during the period. San Francisco Sentry Investment Group CA grew its position in shares of Cognizant Technology Solutions by 170.0% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 1,909 shares of the information technology service provider’s stock valued at $151,000 after purchasing an additional 1,202 shares during the period. Bray Capital Advisors acquired a new position in shares of Cognizant Technology Solutions in the 1st quarter valued at approximately $161,000. Finally, Parallel Advisors LLC grew its position in shares of Cognizant Technology Solutions by 65.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,226 shares of the information technology service provider’s stock valued at $175,000 after purchasing an additional 881 shares during the period. Institutional investors own 87.97% of the company’s stock.
In other news, VP Malcolm Frank sold 1,111 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $76.86, for a total transaction of $85,391.46. Following the sale, the vice president now owns 17,277 shares in the company, valued at approximately $1,327,910.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Rajeev Mehta sold 22,239 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $75.86, for a total value of $1,687,050.54. Following the sale, the president now owns 352 shares in the company, valued at approximately $26,702.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,620 shares of company stock valued at $5,797,997. Insiders own 0.60% of the company’s stock.
NASDAQ:CTSH opened at $75.56 on Monday. Cognizant Technology Solutions Corp has a twelve month low of $69.24 and a twelve month high of $85.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.27 and a quick ratio of 3.27. The company has a market cap of $43.84 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.39 and a beta of 0.94.
Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.09. Cognizant Technology Solutions had a return on equity of 21.66% and a net margin of 9.37%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The business’s revenue was up 9.2% on a year-over-year basis. sell-side analysts forecast that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, August 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 22.66%.
Cognizant Technology Solutions Corp is a computer and technology company in the IT Consulting & Other Services industry.
Further Reading: Book Value Per Share in Stock Trading
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.