Columbia Partners L L C Investment Management raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 14.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 76,302 shares of the information technology service provider’s stock after purchasing an additional 9,812 shares during the period. Columbia Partners L L C Investment Management’s holdings in Cognizant Technology Solutions Corporation were worth $5,066,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Acrospire Investment Management LLC raised its holdings in shares of Cognizant Technology Solutions Corporation by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after acquiring an additional 800 shares during the period. Guardian Life Insurance Co. of America raised its holdings in shares of Cognizant Technology Solutions Corporation by 1.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after acquiring an additional 27 shares during the period. Assetmark Inc. raised its holdings in shares of Cognizant Technology Solutions Corporation by 24.2% during the 1st quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock worth $154,000 after acquiring an additional 505 shares during the period. Manchester Capital Management LLC raised its holdings in shares of Cognizant Technology Solutions Corporation by 15.7% during the 2nd quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after acquiring an additional 370 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Cognizant Technology Solutions Corporation by 253.9% during the 1st quarter. Acadian Asset Management LLC now owns 3,231 shares of the information technology service provider’s stock worth $192,000 after acquiring an additional 2,318 shares during the period. Institutional investors own 87.59% of the company’s stock.

In other news, insider Venkat Krishnaswamy sold 8,151 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $70.93, for a total value of $578,150.43. Following the completion of the sale, the insider now owns 9,429 shares in the company, valued at $668,798.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Srinivasan Veeraraghavachary sold 2,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $73.00, for a total value of $182,500.00. Following the completion of the sale, the chief operating officer now owns 24,459 shares of the company’s stock, valued at approximately $1,785,507. The disclosure for this sale can be found here. In the last quarter, insiders sold 280,807 shares of company stock valued at $20,029,239. Insiders own 1.08% of the company’s stock.

CTSH has been the topic of several analyst reports. 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. Societe Generale lowered Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $68.00 to $74.00 in a report on Monday, June 5th. BidaskClub upgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Pacific Crest reiterated an “overweight” rating and set a $75.00 price target (up previously from $73.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 1st. Finally, HSBC Holdings plc lowered Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $65.00 to $68.00 in a report on Thursday, June 8th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.30.

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Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 0.31% during trading on Monday, hitting $72.04. The stock had a trading volume of 423,135 shares. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $73.00. The company has a market cap of $42.55 billion, a P/E ratio of 23.11 and a beta of 1.14. The stock’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 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business posted $0.87 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

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

Cognizant Technology Solutions Corporation 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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