Marshall Wace LLP boosted its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 77.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,037,639 shares of the information technology service provider’s stock after acquiring an additional 451,262 shares during the period. Cognizant Technology Solutions accounts for 0.7% of Marshall Wace LLP’s holdings, making the stock its 19th biggest position. Marshall Wace LLP’s holdings in Cognizant Technology Solutions were worth $80,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Wealth Management LLC bought a new position in Cognizant Technology Solutions during the 2nd quarter worth $365,000. Raymond James Financial Services Advisors Inc. increased its position in Cognizant Technology Solutions by 22.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,045 shares of the information technology service provider’s stock worth $3,874,000 after buying an additional 8,914 shares during the period. Commonwealth Equity Services LLC increased its position in Cognizant Technology Solutions by 20.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 60,770 shares of the information technology service provider’s stock worth $4,800,000 after buying an additional 10,497 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Cognizant Technology Solutions by 288.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,525 shares of the information technology service provider’s stock worth $4,623,000 after buying an additional 43,450 shares during the period. Finally, Fiera Capital Corp increased its position in Cognizant Technology Solutions by 1.3% during the 2nd quarter. Fiera Capital Corp now owns 281,010 shares of the information technology service provider’s stock worth $22,197,000 after buying an additional 3,510 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.

Several research firms have weighed in on CTSH. Cowen cut Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $67.98 price objective on the stock. in a research report on Sunday. Goldman Sachs Group upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating in a research report on Monday, November 26th. BidaskClub upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. BMO Capital Markets restated a “hold” rating and issued a $75.00 price target on shares of Cognizant Technology Solutions in a research report on Tuesday, November 20th. Finally, Jefferies Financial Group began coverage on Cognizant Technology Solutions in a research report on Tuesday, November 20th. They issued a “hold” rating and a $70.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Cognizant Technology Solutions presently has an average rating of “Buy” and a consensus price target of $82.34.

Shares of NASDAQ CTSH traded down $0.62 during mid-day trading on Thursday, reaching $69.40. The company had a trading volume of 4,317,700 shares, compared to its average volume of 3,525,843. The stock has a market capitalization of $40.54 billion, a P/E ratio of 19.66, a PEG ratio of 1.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.24 and a current ratio of 3.24. Cognizant Technology Solutions Corp has a one year low of $65.14 and a one year high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Tuesday, October 30th. The information technology service provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.08 billion. Cognizant Technology Solutions had a return on equity of 22.54% and a net margin of 9.07%. Cognizant Technology Solutions’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Equities research analysts forecast that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, November 19th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 22.66%.

In related news, EVP James Patrick Lennox sold 744 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $76.68, for a total value of $57,049.92. Following the sale, the executive vice president now directly owns 5,920 shares of the company’s stock, valued at $453,945.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Telesmanic sold 5,062 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $68.00, for a total value of $344,216.00. The disclosure for this sale can be found here. Insiders sold 15,506 shares of company stock worth $1,101,632 over the last ninety days. 0.60% of the stock is currently owned by insiders.

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Cognizant Technology Solutions Profile

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 business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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

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