Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,234,059 shares of the information technology service provider’s stock after purchasing an additional 4,357 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.21% of Cognizant Technology Solutions worth $89,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Bank of Australia raised its stake in shares of Cognizant Technology Solutions by 131.4% during the third quarter. Commonwealth Bank of Australia now owns 67,775 shares of the information technology service provider’s stock valued at $4,909,000 after purchasing an additional 38,485 shares during the period. Zeke Capital Advisors LLC raised its stake in shares of Cognizant Technology Solutions by 92.5% during the third quarter. Zeke Capital Advisors LLC now owns 9,614 shares of the information technology service provider’s stock valued at $697,000 after purchasing an additional 4,620 shares during the period. Amalgamated Bank raised its stake in shares of Cognizant Technology Solutions by 2.2% during the third quarter. Amalgamated Bank now owns 70,620 shares of the information technology service provider’s stock valued at $5,123,000 after purchasing an additional 1,547 shares during the period. Twin Capital Management Inc. raised its stake in shares of Cognizant Technology Solutions by 25.3% during the third quarter. Twin Capital Management Inc. now owns 126,340 shares of the information technology service provider’s stock valued at $9,165,000 after purchasing an additional 25,480 shares during the period. Finally, Axiom International Investors LLC DE purchased a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $202,000. Institutional investors own 87.31% of the company’s stock.

In other news, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $71.00, for a total transaction of $1,775,000.00. Following the completion of the transaction, the insider now owns 335,856 shares of the company’s stock, valued at $23,845,776. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Allen Shaheen sold 2,358 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $70.20, for a total transaction of $165,531.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 701,918 shares of company stock valued at $50,616,539. Corporate insiders own 1.08% of the company’s stock.

A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $78.00 price objective (up previously from $72.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, August 9th. Berenberg Bank upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $85.00 in a research note on Tuesday, August 8th. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price target for the company in a research note on Wednesday. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, August 8th. Finally, BMO Capital Markets restated a “buy” rating and issued a $76.00 price target (up previously from $69.00) on shares of Cognizant Technology Solutions in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. Cognizant Technology Solutions presently has a consensus rating of “Buy” and a consensus price target of $81.91.

Cognizant Technology Solutions Corporation (CTSH) opened at $72.11 on Thursday. The company has a market cap of $42,967.43, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corporation has a 1-year low of $51.52 and a 1-year high of $76.51.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. equities analysts forecast that Cognizant Technology Solutions Corporation will post 3.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be 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 is Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 18.52%.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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