TD Asset Management Inc. grew its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,006 shares of the information technology service provider’s stock after buying an additional 10,211 shares during the quarter. TD Asset Management Inc.’s holdings in Cognizant Technology Solutions were worth $14,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CTSH. BlackRock Inc. lifted its holdings in shares of Cognizant Technology Solutions by 4.4% during the 3rd quarter. BlackRock Inc. now owns 44,745,894 shares of the information technology service provider’s stock valued at $3,452,146,000 after buying an additional 1,900,423 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Cognizant Technology Solutions by 1,273.4% during the 3rd quarter. Commonwealth Bank of Australia now owns 2,009,285 shares of the information technology service provider’s stock valued at $154,871,000 after buying an additional 1,862,983 shares during the last quarter. FIL Ltd lifted its holdings in shares of Cognizant Technology Solutions by 30.6% during the 3rd quarter. FIL Ltd now owns 4,093,921 shares of the information technology service provider’s stock valued at $315,846,000 after buying an additional 958,946 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Cognizant Technology Solutions by 12.1% during the 3rd quarter. Nordea Investment Management AB now owns 8,862,865 shares of the information technology service provider’s stock valued at $683,773,000 after buying an additional 954,566 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cognizant Technology Solutions by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,273,087 shares of the information technology service provider’s stock valued at $1,443,390,000 after buying an additional 836,521 shares during the last quarter. Institutional investors and hedge funds own 86.73% of the company’s stock.

Shares of CTSH traded up $0.28 on Monday, reaching $73.44. 61,163 shares of the stock traded hands, compared to its average volume of 3,666,227. The stock has a market cap of $42.36 billion, a PE ratio of 18.32, a P/E/G ratio of 1.63 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.24 and a debt-to-equity ratio of 0.06. Cognizant Technology Solutions Corp has a 12 month low of $59.47 and a 12 month high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 6th. The information technology service provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Cognizant Technology Solutions had a return on equity of 22.15% and a net margin of 13.03%. Cognizant Technology Solutions’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Equities analysts forecast that Cognizant Technology Solutions Corp will post 4.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 21st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, February 20th. Cognizant Technology Solutions’s dividend payout ratio is 19.90%.

Several brokerages have recently issued reports on CTSH. Zacks Investment Research lowered Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 6th. Loop Capital set a $94.00 price target on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Monday, November 19th. Jefferies Financial Group started coverage on Cognizant Technology Solutions in a report on Tuesday, November 20th. They issued a “hold” rating and a $70.00 target price for the company. Finally, KeyCorp boosted their target price on Cognizant Technology Solutions from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus price target of $81.81.

In related news, EVP Allen Shaheen sold 1,232 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $71.51, for a total value of $88,100.32. Following the sale, the executive vice president now owns 6,120 shares of the company’s stock, valued at approximately $437,641.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Malcolm Frank sold 7,251 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $61.88, for a total value of $448,691.88. Following the completion of the sale, the vice president now directly owns 26,289 shares in the company, valued at approximately $1,626,763.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,071 shares of company stock worth $1,873,915. 0.60% of the stock is owned by insiders.

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About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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

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