Profund Advisors LLC lifted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,646 shares of the information technology service provider’s stock after purchasing an additional 1,580 shares during the period. Profund Advisors LLC’s holdings in Cognizant Technology Solutions Corporation were worth $3,363,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Cognizant Technology Solutions Corporation by 3,470.1% during 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 purchasing an additional 39,606,526 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cognizant Technology Solutions Corporation by 3.5% during 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 purchasing an additional 1,379,271 shares during the period. State Street Corp lifted its holdings in shares of Cognizant Technology Solutions Corporation by 1.8% during 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 purchasing an additional 435,142 shares during the period. Edgewood Management LLC lifted its holdings in shares of Cognizant Technology Solutions Corporation by 3.9% during 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 purchasing an additional 557,035 shares during the period. Finally, FMR LLC lifted its holdings in shares of Cognizant Technology Solutions Corporation by 2.3% during the first quarter. FMR LLC now owns 13,803,392 shares of the information technology service provider’s stock worth $821,576,000 after purchasing an additional 314,137 shares during the period. Institutional investors own 87.64% of the company’s stock.

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In other Cognizant Technology Solutions Corporation news, President Rajeev Mehta sold 34,437 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $72.54, for a total transaction of $2,498,059.98. Following the completion of the sale, the president now directly owns 170,063 shares in the company, valued at approximately $12,336,370.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ramakrishna Prasa Chintamaneni sold 5,051 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $68.00, for a total transaction of $343,468.00. Following the sale, the insider now owns 20,047 shares of the company’s stock, valued at $1,363,196. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 282,267 shares of company stock valued at $20,127,629. 1.08% of the stock is owned by company insiders.

CTSH has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Robert W. Baird reiterated a “buy” rating and set a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Sunday, September 10th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $80.00 price target (up previously from $66.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 15th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $72.30.

Cognizant Technology Solutions Corporation (CTSH) traded up 0.11% during midday trading on Friday, reaching $71.82. 3,927,830 shares of the company’s stock traded hands. The stock has a market cap of $42.42 billion, a P/E ratio of 23.04 and a beta of 1.14. Cognizant Technology Solutions Corporation has a 52-week low of $45.44 and a 52-week high of $73.00. The company’s 50-day moving average price is $70.58 and its 200-day moving average price is $65.16.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $3.67 billion during 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%. Cognizant Technology Solutions Corporation’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. On average, equities analysts predict that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. Cognizant Technology Solutions Corporation’s dividend payout ratio is currently 19.17%.

About Cognizant Technology Solutions Corporation

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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