Legal & General Group Plc raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,851,465 shares of the information technology service provider’s stock after buying an additional 10,190 shares during the period. Legal & General Group Plc owned about 0.48% of Cognizant Technology Solutions Corporation worth $189,339,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Cognizant Technology Solutions Corporation by 3,470.1% in the first quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock worth $2,425,316,000 after buying an additional 39,606,526 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Cognizant Technology Solutions Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 40,545,109 shares of the information technology service provider’s stock worth $2,413,246,000 after buying an additional 1,379,271 shares during the last quarter. State Street Corp boosted its position in shares of Cognizant Technology Solutions Corporation by 1.8% in the first quarter. State Street Corp now owns 24,267,262 shares of the information technology service provider’s stock worth $1,444,391,000 after buying an additional 435,142 shares during the last quarter. Edgewood Management LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 3.9% in the first quarter. Edgewood Management LLC now owns 14,706,635 shares of the information technology service provider’s stock worth $875,339,000 after buying an additional 557,035 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 2.3% in the first quarter. FMR LLC now owns 13,803,392 shares of the information technology service provider’s stock worth $821,576,000 after buying an additional 314,137 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at 70.07 on Friday. The firm’s 50-day moving average is $69.29 and its 200 day moving average is $63.21. The stock has a market capitalization of $41.38 billion, a P/E ratio of 22.48 and a beta of 1.17. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $72.07.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates 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 for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. On average, analysts expect that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, August 18th. Cognizant Technology Solutions Corporation’s payout ratio is presently 19.17%.

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CTSH has been the subject of a number of research reports. Needham & Company LLC lifted their target price on shares of Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Vetr cut shares of Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 target price for the company. in a research report on Monday, May 1st. Deutsche Bank AG restated a “buy” rating and set a $79.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, May 31st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $67.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.02.

In other Cognizant Technology Solutions Corporation news, Director Maureen Breakiron-Evans sold 12,368 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $69.70, for a total transaction of $862,049.60. Following the transaction, the director now owns 1,075 shares in the company, valued at $74,927.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Srinivasan Veeraraghavachary sold 2,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $71.00, for a total value of $177,500.00. Following the transaction, the chief operating officer now owns 27,165 shares in the company, valued at approximately $1,928,715. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,222 shares of company stock worth $6,326,183. Insiders own 1.08% of the company’s stock.

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.

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

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