Cetera Investment Advisers trimmed its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,707 shares of the information technology service provider’s stock after selling 688 shares during the quarter. Cetera Investment Advisers’ holdings in Cognizant Technology Solutions were worth $428,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CTSH. LSV Asset Management acquired a new position in Cognizant Technology Solutions during the third quarter valued at approximately $754,000. MML Investors Services LLC lifted its position in Cognizant Technology Solutions by 36.0% during the third quarter. MML Investors Services LLC now owns 11,377 shares of the information technology service provider’s stock valued at $878,000 after buying an additional 3,014 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Cognizant Technology Solutions by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 18,415,017 shares of the information technology service provider’s stock valued at $1,420,720,000 after buying an additional 141,930 shares in the last quarter. CI Investments Inc. lifted its position in Cognizant Technology Solutions by 58.1% during the third quarter. CI Investments Inc. now owns 1,124,100 shares of the information technology service provider’s stock valued at $86,724,000 after buying an additional 413,300 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in Cognizant Technology Solutions by 4.1% during the third quarter. Martingale Asset Management L P now owns 677,098 shares of the information technology service provider’s stock valued at $52,239,000 after buying an additional 26,575 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

In other news, 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 transaction, the insider now directly owns 14,503 shares of the company’s stock, valued at $1,048,711.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert Telesmanic sold 3,477 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $73.41, for a total transaction of $255,246.57. Following the transaction, the senior vice president now directly owns 10,284 shares in the company, valued at $754,948.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,533 shares of company stock worth $4,032,493. Corporate insiders own 0.60% of the company’s stock.

NASDAQ CTSH opened at $71.03 on Thursday. Cognizant Technology Solutions Corp has a 52 week low of $59.47 and a 52 week high of $83.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $40.88 billion, a PE ratio of 17.67, a PEG ratio of 1.58 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 6th. The information technology service provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Cognizant Technology Solutions Corp will post 4.44 earnings per share for the current year.

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

CTSH has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. KeyCorp lifted their price target on shares of Cognizant Technology Solutions from $79.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, February 7th. Sanford C. Bernstein raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 25th. BMO Capital Markets raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 6th. Finally, BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $81.19.

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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.

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

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