First Capital Advisors Group LLC. raised its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 41.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,198 shares of the information technology service provider’s stock after acquiring an additional 1,522 shares during the quarter. First Capital Advisors Group LLC.’s holdings in Cognizant Technology Solutions Corporation were worth $377,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Acrospire Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions Corporation by 92.6% in the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after purchasing an additional 800 shares during the last quarter. WFG Advisors LP increased its holdings in shares of Cognizant Technology Solutions Corporation by 46.4% in the second 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 stake in shares of Cognizant Technology Solutions Corporation in the second quarter valued at approximately $137,000. Manchester Capital Management LLC increased its holdings in shares of Cognizant Technology Solutions Corporation by 15.7% in the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock valued at $181,000 after purchasing an additional 370 shares during the last quarter. Finally, First National Trust Co. acquired a new stake in shares of Cognizant Technology Solutions Corporation in the second quarter valued at approximately $207,000. 87.35% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Allen Shaheen sold 442 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $70.58, for a total transaction of $31,196.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen Breakiron-Evans sold 12,368 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $69.70, for a total value of $862,049.60. Following the transaction, the director now owns 1,075 shares of the company’s stock, valued at $74,927.50. The disclosure for this sale can be found here. Insiders have sold a total of 281,758 shares of company stock worth $20,158,801 in the last three months. Corporate insiders own 1.08% of the company’s stock.

Several equities research analysts recently commented on the company. KeyCorp reaffirmed a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, September 8th. Bank of America Corporation reaffirmed a “buy” rating and issued a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. BMO Capital Markets increased their price objective on Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday. Needham & Company LLC upgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $78.00 to $90.00 in a research report on Wednesday. Finally, Credit Suisse Group set a $80.00 price objective on Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $80.71.

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Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down $0.09 on Friday, reaching $74.27. The company’s stock had a trading volume of 3,736,365 shares, compared to its average volume of 3,109,979. Cognizant Technology Solutions Corporation has a 12 month low of $51.35 and a 12 month high of $76.51. The stock has a market cap of $43,865.50, a price-to-earnings ratio of 22.17, a PEG ratio of 1.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.35.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts predict that Cognizant Technology Solutions Corporation will post 3.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is 18.52%.

Cognizant Technology Solutions Corporation Company 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.

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

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