GSA Capital Partners LLP purchased a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,892 shares of the information technology service provider’s stock, valued at approximately $1,719,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTSH. Acrospire Investment Management LLC boosted its position in Cognizant Technology Solutions Corporation by 92.6% during 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 buying an additional 800 shares during the period. Guardian Life Insurance Co. of America boosted its position in Cognizant Technology Solutions Corporation by 1.2% during the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock valued at $140,000 after buying an additional 27 shares during the period. Assetmark Inc. boosted its position in Cognizant Technology Solutions Corporation by 24.2% during the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock valued at $154,000 after buying an additional 505 shares during the period. Manchester Capital Management LLC boosted its position in Cognizant Technology Solutions Corporation by 15.7% during 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 buying an additional 370 shares during the period. Finally, First National Trust Co. purchased a new stake in Cognizant Technology Solutions Corporation during the second quarter valued at about $207,000. Institutional investors and hedge funds own 87.59% of the company’s stock.

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In other Cognizant Technology Solutions Corporation news, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $69.50, for a total value of $347,430.50. Following the completion of the sale, the insider now directly owns 10,515 shares of the company’s stock, valued at approximately $730,792.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Rajeev Mehta sold 34,437 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $72.54, for a total transaction of $2,498,059.98. Following the completion of the sale, the president now directly owns 170,063 shares of the company’s stock, valued at $12,336,370.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,756 shares of company stock valued at $19,685,771. 1.08% of the stock is owned by corporate insiders.

Several analysts have issued reports on CTSH shares. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and set a $79.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Robert W. Baird reiterated a “buy” rating and set a $80.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Sunday, September 10th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $80.00 target price (up from $66.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 15th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Cognizant Technology Solutions Corporation has an average rating of “Buy” and an average target price of $72.51.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 72.06 on Friday. The firm has a 50-day moving average of $70.75 and a 200 day moving average of $65.41. The stock has a market capitalization of $42.56 billion, a price-to-earnings ratio of 23.12 and a beta of 1.14. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $73.00.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.60 annualized dividend and a yield of 0.83%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is 19.17%.

Cognizant Technology Solutions Corporation 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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