Marco Investment Management LLC maintained its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,350 shares of the information technology service provider’s stock at the close of the 2nd quarter. Marco Investment Management LLC’s holdings in Cognizant Technology Solutions Corporation were worth $1,816,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Comgest Global Investors S.A.S. grew its position in Cognizant Technology Solutions Corporation by 57.7% in 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 period. Atlantic Trust Group LLC boosted 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 acquiring an additional 8,245 shares during the last quarter. Oak Ridge Investments LLC boosted 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 acquiring an additional 11,316 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Cognizant Technology Solutions Corporation by 173.9% during the 1st quarter. Private Advisor Group LLC now owns 30,271 shares of the information technology service provider’s stock worth $1,219,000 after acquiring an additional 19,218 shares during the last quarter. Finally, First Financial Corp IN boosted its stake in shares of Cognizant Technology Solutions Corporation by 1.4% during the 2nd quarter. First Financial Corp IN now owns 17,816 shares of the information technology service provider’s stock worth $1,183,000 after acquiring an additional 240 shares during the last quarter. 87.59% of the stock is owned by institutional investors and hedge funds.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded up 0.28% during mid-day trading on Friday, reaching $72.06. 3,568,271 shares of the company’s stock traded hands. Cognizant Technology Solutions Corporation has a 12-month low of $45.44 and a 12-month high of $73.00. The company has a market cap of $42.56 billion, a P/E ratio of 23.12 and a beta of 1.14. The company’s 50 day moving average is $70.75 and its 200 day moving average is $65.41.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted 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 Thomson Reuters’ consensus estimate of $0.82 by $0.11. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. On average, analysts predict that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

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

In other news, President Rajeev Mehta sold 32,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $71.02, for a total value of $2,272,640.00. Following the transaction, the president now directly owns 187,965 shares of the company’s stock, valued at $13,349,274.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $69.50, for a total transaction of $347,430.50. Following the completion of the transaction, the insider now directly owns 10,515 shares in the company, valued at $730,792.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,756 shares of company stock worth $19,685,771. Insiders own 1.08% of the company’s stock.

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Several research analysts have recently weighed in on CTSH shares. Deutsche Bank AG reiterated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, May 31st. Pacific Crest reiterated an “overweight” rating and set a $75.00 price target (up previously from $73.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, June 1st. Societe Generale cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $68.00 to $74.00 in a research note on Monday, June 5th. HSBC Holdings plc cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $65.00 to $68.00 in a research note on Thursday, June 8th. Finally, BidaskClub cut shares of Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cognizant Technology Solutions Corporation has a consensus rating of “Buy” and an average target price of $72.51.

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.

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

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