Schwab Charles Investment Management Inc. increased its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,405,715 shares of the information technology service provider’s stock after purchasing an additional 107,638 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.41% of Cognizant Technology Solutions worth $190,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTSH. Ascension Asset Management LLC grew its position in Cognizant Technology Solutions by 3.7% during the second quarter. Ascension Asset Management LLC now owns 22,585 shares of the information technology service provider’s stock worth $1,784,000 after buying an additional 800 shares in the last quarter. Balter Liquid Alternatives LLC grew its position in Cognizant Technology Solutions by 7.8% during the second quarter. Balter Liquid Alternatives LLC now owns 11,926 shares of the information technology service provider’s stock worth $948,000 after buying an additional 860 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Cognizant Technology Solutions by 48.2% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 110,281 shares of the information technology service provider’s stock worth $8,711,000 after buying an additional 35,877 shares in the last quarter. Flossbach Von Storch AG grew its position in Cognizant Technology Solutions by 225.1% during the second quarter. Flossbach Von Storch AG now owns 1,464,966 shares of the information technology service provider’s stock worth $115,718,000 after buying an additional 1,014,395 shares in the last quarter. Finally, Twin Tree Management LP grew its position in Cognizant Technology Solutions by 312.7% during the second quarter. Twin Tree Management LP now owns 17,770 shares of the information technology service provider’s stock worth $1,404,000 after buying an additional 13,464 shares in the last quarter. Institutional investors own 87.97% of the company’s stock.

In other news, insider Gajakarnan Vibushanan Kandiah sold 1,200 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $76.87, for a total value of $92,244.00. Following the completion of the sale, the insider now owns 12,861 shares of the company’s stock, valued at approximately $988,625.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sumithra Gomatam sold 1,597 shares of the business’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $77.02, for a total value of $123,000.94. Following the completion of the sale, the insider now directly owns 6,312 shares of the company’s stock, valued at approximately $486,150.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,620 shares of company stock valued at $5,797,997. Corporate insiders own 0.60% of the company’s stock.

Shares of CTSH stock opened at $75.56 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.27 and a quick ratio of 3.27. Cognizant Technology Solutions Corp has a 12-month low of $69.24 and a 12-month high of $85.10. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.39 and a beta of 0.94.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Cognizant Technology Solutions had a return on equity of 21.66% and a net margin of 9.37%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. equities research analysts anticipate that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, August 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 22.66%.

Several equities analysts recently commented on CTSH shares. BidaskClub cut Cognizant Technology Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, May 1st. Cowen restated a “buy” rating and set a $87.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, August 3rd. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, August 2nd. Finally, Credit Suisse Group set a $95.00 target price on Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.52.

Cognizant Technology Solutions Corp is a computer and technology company in the IT Consulting & Other Services industry.

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

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