Nomura Asset Management Co. Ltd. lifted its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,563 shares of the information technology service provider’s stock after buying an additional 1,465 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cognizant Technology Solutions were worth $5,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pathstone Family Office LLC increased its holdings in Cognizant Technology Solutions by 1,208.8% in the second quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock valued at $2,485,000 after buying an additional 1,366 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in Cognizant Technology Solutions by 92.6% in 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 in the last quarter. WFG Advisors LP increased its holdings in Cognizant Technology Solutions by 46.4% in the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after buying an additional 621 shares in the last quarter. Krilogy Financial LLC purchased a new position in Cognizant Technology Solutions in the second quarter valued at about $137,000. Finally, BB&T Investment Services Inc. increased its holdings in Cognizant Technology Solutions by 86.8% in the third quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after buying an additional 1,011 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

In other news, CEO Francisco Dsouza sold 482,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total value of $34,723,280.00. Following the transaction, the chief executive officer now owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $72.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the insider now directly owns 311,923 shares in the company, valued at approximately $22,458,456. The disclosure for this sale can be found here. In the last quarter, insiders sold 652,405 shares of company stock worth $47,111,645. 1.08% of the stock is owned by company insiders.

Shares of Cognizant Technology Solutions Corp (CTSH) opened at $71.61 on Friday. The stock has a market cap of $42,140.00, a P/E ratio of 21.02, a P/E/G ratio of 1.59 and a beta of 1.07. Cognizant Technology Solutions Corp has a 1 year low of $51.52 and a 1 year high of $76.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 18.58%.

A number of research analysts have issued reports on the stock. Vetr raised shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 target price for the company in a report on Wednesday, November 29th. KeyCorp reissued a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, September 8th. Bank of America reissued a “buy” rating and set a $86.00 price objective on shares of Cognizant Technology Solutions in a research note on Tuesday, September 12th. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $81.91.

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About Cognizant Technology Solutions

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 (NASDAQ:CTSH)

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