Los Angeles Capital Management & Equity Research Inc. raised its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 855.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 153,713 shares of the information technology service provider’s stock after buying an additional 137,618 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Cognizant Technology Solutions Corporation were worth $11,150,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Linscomb & Williams Inc. acquired a new position in shares of Cognizant Technology Solutions Corporation during the 3rd quarter worth $278,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Cognizant Technology Solutions Corporation by 45.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 143,385 shares of the information technology service provider’s stock worth $10,401,000 after purchasing an additional 44,982 shares during the last quarter. Comgest Global Investors S.A.S. increased its stake in shares of Cognizant Technology Solutions Corporation by 57.7% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock worth $395,400,000 after purchasing an additional 2,178,800 shares during the last quarter. Oak Ridge Investments LLC increased its stake in shares of Cognizant Technology Solutions Corporation by 7.1% during the 2nd quarter. Oak Ridge Investments LLC now owns 169,645 shares of the information technology service provider’s stock worth $11,264,000 after purchasing an additional 11,316 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its stake in shares of Cognizant Technology Solutions Corporation by 1.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock worth $42,300,000 after purchasing an additional 8,245 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

In other Cognizant Technology Solutions Corporation news, insider Venkat Krishnaswamy sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $75.00, for a total value of $300,000.00. Following the completion of the sale, the insider now owns 3,919 shares in the company, valued at approximately $293,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider now owns 360,856 shares of the company’s stock, valued at approximately $25,259,920. The disclosure for this sale can be found here. Insiders have sold a total of 244,918 shares of company stock valued at $17,643,259 in the last quarter. 1.08% of the stock is currently owned by corporate insiders.

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Several research analysts have recently commented on CTSH shares. SunTrust Banks, Inc. restated a “buy” rating and set a $85.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, November 3rd. Credit Suisse Group restated an “outperform” rating and set a $89.00 price target (up previously from $80.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, November 2nd. 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 note on Wednesday, September 6th. Zacks Investment Research lowered shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Citigroup Inc. increased their price target on shares of Cognizant Technology Solutions Corporation from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $81.19.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at $72.91 on Friday. The stock has a market cap of $44,450.00, a PE ratio of 22.38, a P/E/G ratio of 1.69 and a beta of 1.10. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. 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 announced its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The business had revenue of $3.77 billion during 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 firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. analysts expect that Cognizant Technology Solutions Corporation will post 3.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is currently 18.58%.

About Cognizant Technology Solutions Corporation

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 Corporation (NASDAQ:CTSH)

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