Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 63.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,371 shares of the information technology service provider’s stock after purchasing an additional 64,570 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Cognizant Technology Solutions were worth $12,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pathstone Family Office LLC grew its position in Cognizant Technology Solutions by 1,208.8% in the second quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after acquiring an additional 1,366 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Cognizant Technology Solutions by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares during the period. WFG Advisors LP raised its stake in Cognizant Technology Solutions by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after purchasing an additional 621 shares during the last quarter. Krilogy Financial LLC acquired a new position in Cognizant Technology Solutions during the 2nd quarter valued at $137,000. Finally, BB&T Investment Services Inc. raised its stake in Cognizant Technology Solutions by 86.8% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after purchasing an additional 1,011 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

In other Cognizant Technology Solutions news, CFO Karen Mcloughlin sold 14,369 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.38, for a total transaction of $1,025,659.22. Following the sale, the chief financial officer now owns 42,718 shares of the company’s stock, valued at approximately $3,049,210.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sean Middleton sold 1,278 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $71.36, for a total transaction of $91,198.08. Following the sale, the insider now directly owns 3,366 shares in the company, valued at approximately $240,197.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,014 shares of company stock worth $42,784,474. 1.08% of the stock is owned by insiders.

Shares of Cognizant Technology Solutions Corp (CTSH) opened at $71.56 on Tuesday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corp has a fifty-two week low of $51.52 and a fifty-two week high of $76.51. The firm has a market cap of $42,348.30, a PE ratio of 21.44, a PEG ratio of 1.62 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s payout ratio is 18.52%.

Several research firms recently commented on CTSH. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 target price for the company in a research note on Wednesday, November 29th. KeyCorp reiterated a “buy” rating and set a $79.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, September 8th. Bank of America reiterated a “buy” rating and set a $86.00 target price on shares of Cognizant Technology Solutions in a research note on Tuesday, September 12th. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, BMO Capital Markets upped their target price on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Cognizant Technology Solutions presently has a consensus rating of “Buy” and a consensus target price of $81.91.

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Cognizant Technology Solutions Profile

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.

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

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