Piedmont Investment Advisors LLC boosted its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,188 shares of the information technology service provider’s stock after buying an additional 1,166 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Cognizant Technology Solutions were worth $9,154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Cognizant Technology Solutions by 81.6% during the second quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock worth $1,664,366,000 after purchasing an additional 11,262,360 shares during the last quarter. Edgewood Management LLC grew its holdings in shares of Cognizant Technology Solutions by 9.3% during the third quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock worth $1,227,063,000 after purchasing an additional 1,443,368 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Cognizant Technology Solutions by 3.2% during the third quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock worth $730,914,000 after purchasing an additional 313,364 shares during the last quarter. Comgest Global Investors S.A.S. grew its holdings in shares of Cognizant Technology Solutions by 24.5% during the third quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock worth $538,001,000 after purchasing an additional 1,461,800 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Cognizant Technology Solutions by 4.4% during the second quarter. Pzena Investment Management LLC now owns 7,010,880 shares of the information technology service provider’s stock worth $465,522,000 after purchasing an additional 296,899 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cognizant Technology Solutions Corp (CTSH) opened at $71.45 on Wednesday. Cognizant Technology Solutions Corp has a 12 month low of $51.52 and a 12 month high of $76.51. The firm has a market cap of $42,348.30, a PE ratio of 21.44, a PEG ratio of 1.62 and a beta of 1.07. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The business 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 business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. research analysts expect that Cognizant Technology Solutions Corp will post 3.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a $0.15 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. Cognizant Technology Solutions’s payout ratio is currently 18.52%.

Several equities analysts have issued reports on the company. Vetr raised Cognizant Technology Solutions from a “sell” rating to a “buy” rating and set a $76.85 price objective on the stock in a report on Tuesday, September 19th. Barclays raised their price objective on Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. They noted that the move was a valuation call. Wedbush reaffirmed an “outperform” rating on shares of Cognizant Technology Solutions in a report on Monday, September 18th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $78.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Finally, William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.91.

In related news, insider Sean Middleton sold 1,278 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.36, for a total value of $91,198.08. Following the completion of the sale, the insider now owns 3,366 shares in the company, valued at $240,197.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sumithra Gomatam sold 3,163 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $76.00, for a total transaction of $240,388.00. Following the completion of the sale, the insider now owns 6,346 shares of the company’s stock, valued at approximately $482,296. The disclosure for this sale can be found here. In the last 90 days, insiders sold 558,577 shares of company stock valued at $40,286,414. 1.08% of the stock is owned by insiders.

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Cognizant Technology Solutions 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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