Dupont Capital Management Corp lifted its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1,356.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,342 shares of the information technology service provider’s stock after purchasing an additional 45,954 shares during the period. Dupont Capital Management Corp’s holdings in Cognizant Technology Solutions Corporation were worth $3,579,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Andra AP fonden raised its stake in shares of Cognizant Technology Solutions Corporation by 1.4% in the 3rd quarter. Andra AP fonden now owns 79,700 shares of the information technology service provider’s stock valued at $5,781,000 after purchasing an additional 1,100 shares during the period. Middleton & Co Inc MA acquired a new stake in shares of Cognizant Technology Solutions Corporation in the 3rd quarter valued at about $1,630,000. Seizert Capital Partners LLC acquired a new stake in shares of Cognizant Technology Solutions Corporation in the 3rd quarter valued at about $11,858,000. Deltec Asset Management LLC raised its stake in shares of Cognizant Technology Solutions Corporation by 50.0% in the 3rd quarter. Deltec Asset Management LLC now owns 30,000 shares of the information technology service provider’s stock valued at $2,176,000 after purchasing an additional 10,000 shares during the period. Finally, FineMark National Bank & Trust raised its stake in shares of Cognizant Technology Solutions Corporation by 445.8% in the 3rd quarter. FineMark National Bank & Trust now owns 77,931 shares of the information technology service provider’s stock valued at $5,653,000 after purchasing an additional 63,653 shares during the period. 87.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, President Rajeev Mehta sold 32,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $71.02, for a total transaction of $2,272,640.00. Following the transaction, the president now owns 187,965 shares of the company’s stock, valued at approximately $13,349,274.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkat Krishnaswamy sold 8,151 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $70.93, for a total transaction of $578,150.43. Following the transaction, the insider now directly owns 9,429 shares in the company, valued at approximately $668,798.97. The disclosure for this sale can be found here. Insiders have sold a total of 252,075 shares of company stock worth $18,089,469 in the last three months. Insiders own 1.08% of the company’s stock.

Several analysts have issued reports on CTSH shares. Cowen and Company reissued a “buy” rating and issued a $75.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, July 28th. Vetr raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $71.62 target price on the stock in a research report on Wednesday, August 2nd. Loop Capital raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $63.00 to $83.00 in a research report on Friday, August 4th. Credit Suisse Group set a $80.00 target price on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $76.00 target price (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Cognizant Technology Solutions Corporation currently has an average rating of “Buy” and a consensus target price of $80.71.

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Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at $74.27 on Monday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market cap of $43,865.50, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. Cognizant Technology Solutions Corporation has a 1 year low of $51.35 and a 1 year high of $76.51.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions Corporation had a net margin of 13.42% and a return on equity of 18.94%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. equities research analysts expect 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. Shareholders of record on Monday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is currently 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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