Tredje AP fonden increased its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 140.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 242,182 shares of the information technology service provider’s stock after buying an additional 141,419 shares during the quarter. Tredje AP fonden’s holdings in Cognizant Technology Solutions were worth $19,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Linscomb & Williams Inc. raised its position in Cognizant Technology Solutions by 16.6% in the first quarter. Linscomb & Williams Inc. now owns 4,668 shares of the information technology service provider’s stock valued at $376,000 after purchasing an additional 664 shares during the period. Federated Investors Inc. PA raised its position in Cognizant Technology Solutions by 2.4% in the first quarter. Federated Investors Inc. PA now owns 29,089 shares of the information technology service provider’s stock valued at $2,341,000 after purchasing an additional 673 shares during the period. Eads & Heald Wealth Management raised its position in Cognizant Technology Solutions by 2.2% in the second quarter. Eads & Heald Wealth Management now owns 30,916 shares of the information technology service provider’s stock valued at $2,442,000 after purchasing an additional 673 shares during the period. GW Henssler & Associates Ltd. raised its position in Cognizant Technology Solutions by 0.4% in the second quarter. GW Henssler & Associates Ltd. now owns 185,120 shares of the information technology service provider’s stock valued at $14,623,000 after purchasing an additional 679 shares during the period. Finally, Norway Savings Bank raised its position in Cognizant Technology Solutions by 6.9% in the second quarter. Norway Savings Bank now owns 10,601 shares of the information technology service provider’s stock valued at $837,000 after purchasing an additional 685 shares during the period. Hedge funds and other institutional investors own 87.97% of the company’s stock.

In related news, President Rajeev Mehta sold 22,239 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $75.86, for a total transaction of $1,687,050.54. Following the completion of the transaction, the president now directly owns 352 shares of the company’s stock, valued at approximately $26,702.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen Mcloughlin sold 4,983 shares of the business’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $82.04, for a total value of $408,805.32. Following the transaction, the chief financial officer now directly owns 43,887 shares of the company’s stock, valued at $3,600,489.48. The disclosure for this sale can be found here. Insiders have sold a total of 74,620 shares of company stock valued at $5,797,997 over the last three months. 0.60% of the stock is currently owned by insiders.

CTSH has been the topic of a number of research analyst reports. BidaskClub upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Friday, July 13th. Pivotal Research restated a “buy” rating and issued a $91.00 target price on shares of Cognizant Technology Solutions in a research report on Monday, May 7th. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Tuesday, May 1st. Credit Suisse Group set a $95.00 price objective on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Tuesday, May 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $85.52.

Shares of NASDAQ CTSH traded down $0.50 during trading on Monday, reaching $75.06. The stock had a trading volume of 15,874 shares, compared to its average volume of 3,557,015. Cognizant Technology Solutions Corp has a fifty-two week low of $69.24 and a fifty-two week high of $85.10. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $43.84 billion, a PE ratio of 21.26, a PEG ratio of 1.39 and a beta of 0.94.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 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 analysts’ expectations of $4.03 billion. During the same period in the previous year, the firm posted $0.93 EPS. Cognizant Technology Solutions’s revenue for the quarter was up 9.2% on a year-over-year basis. equities analysts predict that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 22nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 21st. This represents a $0.80 annualized dividend and a yield of 1.07%. Cognizant Technology Solutions’s payout ratio is 22.66%.

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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