Dean Investment Associates LLC continued to hold its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,007 shares of the information technology service provider’s stock at the close of the second quarter. Dean Investment Associates LLC’s holdings in Cognizant Technology Solutions Corporation were worth $4,048,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Comgest Global Investors S.A.S. lifted its holdings in Cognizant Technology Solutions Corporation by 57.7% in the second quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock valued at $395,400,000 after acquiring an additional 2,178,800 shares during the period. Atlantic Trust Group LLC lifted its holdings in Cognizant Technology Solutions Corporation by 1.3% in the second quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock valued at $42,300,000 after acquiring an additional 8,245 shares during the period. Private Advisor Group LLC lifted its holdings in Cognizant Technology Solutions Corporation by 173.9% in the first quarter. Private Advisor Group LLC now owns 30,271 shares of the information technology service provider’s stock valued at $1,219,000 after acquiring an additional 19,218 shares during the period. First Financial Corp IN lifted its holdings in Cognizant Technology Solutions Corporation by 1.4% in the second quarter. First Financial Corp IN now owns 17,816 shares of the information technology service provider’s stock valued at $1,183,000 after acquiring an additional 240 shares during the period. Finally, Davis R M Inc. lifted its holdings in Cognizant Technology Solutions Corporation by 2.2% in the first quarter. Davis R M Inc. now owns 271,020 shares of the information technology service provider’s stock valued at $16,131,000 after acquiring an additional 5,751 shares during the period. 87.64% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down 0.59% on Thursday, reaching $71.84. The company’s stock had a trading volume of 385,179 shares. Cognizant Technology Solutions Corporation has a 52 week low of $45.44 and a 52 week high of $73.00. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 23.05 and a beta of 1.14. The company has a 50 day moving average of $70.41 and a 200 day moving average of $64.97.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. On average, analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, August 18th. Cognizant Technology Solutions Corporation’s payout ratio is 19.17%.

CTSH has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, September 6th. Zacks Investment Research cut Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, May 31st. Robert W. Baird restated a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Sunday. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $80.00 price target (up previously from $66.00) on shares of Cognizant Technology Solutions Corporation in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $71.43.

In related news, EVP Allen Shaheen sold 442 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $70.58, for a total value of $31,196.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Srinivasan Veeraraghavachary sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $71.00, for a total transaction of $177,500.00. Following the completion of the sale, the chief operating officer now owns 27,165 shares of the company’s stock, valued at approximately $1,928,715. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,330 shares of company stock worth $15,622,069. Corporate insiders own 1.08% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Cognizant Technology Solutions Corporation (CTSH) Position Held by Dean Investment Associates LLC” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/14/cognizant-technology-solutions-corporation-ctsh-position-held-by-dean-investment-associates-llc.html.

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)

Receive News & Ratings for Cognizant Technology Solutions Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corporation and related companies with MarketBeat.com's FREE daily email newsletter.