Majedie Asset Management Ltd boosted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,742 shares of the information technology service provider’s stock after acquiring an additional 2,524 shares during the period. Cognizant Technology Solutions Corporation accounts for approximately 1.1% of Majedie Asset Management Ltd’s investment portfolio, making the stock its 21st biggest position. Majedie Asset Management Ltd’s holdings in Cognizant Technology Solutions Corporation were worth $13,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTSH. Horan Capital Advisors LLC. grew its stake in shares of Cognizant Technology Solutions Corporation by 3.4% in the 3rd quarter. Horan Capital Advisors LLC. now owns 22,280 shares of the information technology service provider’s stock valued at $1,616,000 after buying an additional 735 shares during the period. Norinchukin Bank The grew its stake in shares of Cognizant Technology Solutions Corporation by 71.3% in the 3rd quarter. Norinchukin Bank The now owns 70,022 shares of the information technology service provider’s stock valued at $5,079,000 after buying an additional 29,149 shares during the period. ING Groep NV purchased a new stake in shares of Cognizant Technology Solutions Corporation in the 3rd quarter valued at approximately $7,303,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cognizant Technology Solutions Corporation by 49.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 272,317 shares of the information technology service provider’s stock valued at $19,754,000 after buying an additional 90,402 shares during the period. Finally, Wasatch Advisors Inc. grew its stake in shares of Cognizant Technology Solutions Corporation by 8.5% in the 3rd quarter. Wasatch Advisors Inc. now owns 50,086 shares of the information technology service provider’s stock valued at $3,633,000 after buying an additional 3,913 shares during the period. 88.00% of the stock is owned by institutional investors.

In other Cognizant Technology Solutions Corporation news, CEO Francisco Dsouza sold 482,000 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the completion of the transaction, the chief executive officer now owns 621,643 shares in the company, valued at $44,783,161.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the transaction, 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. In the last 90 days, insiders have sold 726,918 shares of company stock valued at $52,366,539. 1.08% of the stock is currently owned by company insiders.

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Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down $0.06 during mid-day trading on Thursday, hitting $71.71. 2,403,971 shares of the stock traded hands, compared to its average volume of 3,990,144. Cognizant Technology Solutions Corporation has a one year low of $51.35 and a one year high of $76.51. The firm has a market cap of $42,318.82, a PE ratio of 21.42, a PEG ratio of 1.62 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 3.29.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions Corporation had a net margin of 13.42% and a return on equity of 18.94%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business earned $0.86 EPS. The business’s revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that Cognizant Technology Solutions Corporation will post 3.35 earnings per share for the current year.

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s payout ratio is currently 18.52%.

Several brokerages have recently commented on CTSH. KeyCorp restated a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Friday, September 8th. Bank of America Corporation restated a “buy” rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. BMO Capital Markets upped their price objective on shares of Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Needham & Company LLC upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $78.00 to $90.00 in a report on Wednesday, November 1st. Finally, Credit Suisse Group set a $80.00 price objective on shares of Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Five 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’s stock. Cognizant Technology Solutions Corporation has an average rating of “Buy” and an average price target of $81.19.

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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