Caisse DE Depot ET Placement DU Quebec lifted its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,305 shares of the information technology service provider’s stock after buying an additional 15,660 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Cognizant Technology Solutions were worth $9,661,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Burney Co. grew its position in shares of Cognizant Technology Solutions by 4.7% in the 2nd quarter. Burney Co. now owns 47,736 shares of the information technology service provider’s stock worth $3,771,000 after buying an additional 2,146 shares during the period. Captrust Financial Advisors grew its position in Cognizant Technology Solutions by 19.1% during the 2nd quarter. Captrust Financial Advisors now owns 46,573 shares of the information technology service provider’s stock valued at $3,679,000 after purchasing an additional 7,466 shares during the last quarter. Korea Investment CORP grew its position in Cognizant Technology Solutions by 15.7% during the 2nd quarter. Korea Investment CORP now owns 218,953 shares of the information technology service provider’s stock valued at $17,295,000 after purchasing an additional 29,700 shares during the last quarter. Commonwealth Bank of Australia grew its position in Cognizant Technology Solutions by 125.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 146,302 shares of the information technology service provider’s stock valued at $11,550,000 after purchasing an additional 81,285 shares during the last quarter. Finally, Fosun International Ltd purchased a new stake in Cognizant Technology Solutions during the 2nd quarter valued at about $487,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Allen Shaheen sold 352 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $74.89, for a total value of $26,361.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sean Middleton sold 650 shares of the stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $80.64, for a total transaction of $52,416.00. Following the completion of the transaction, the insider now owns 4,292 shares in the company, valued at approximately $346,106.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,676 shares of company stock worth $5,178,830. Insiders own 0.60% of the company’s stock.

Shares of NASDAQ CTSH opened at $75.73 on Friday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.06. The stock has a market cap of $43.94 billion, a PE ratio of 21.45, a P/E/G ratio of 1.39 and a beta of 0.94. Cognizant Technology Solutions Corp has a 52-week low of $69.69 and a 52-week high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.03 billion. Cognizant Technology Solutions had a net margin of 9.37% and a return on equity of 21.66%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. equities research analysts forecast that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, August 21st. Cognizant Technology Solutions’s payout ratio is presently 22.66%.

Several analysts recently commented on CTSH shares. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Monday, July 9th. Bank of America downgraded shares of Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and cut their price objective for the company from $91.00 to $81.00 in a research report on Tuesday, September 4th. BidaskClub downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. JPMorgan Chase & Co. downgraded shares of Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research report on Tuesday, August 14th. Finally, KeyCorp cut their price objective on shares of Cognizant Technology Solutions from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $85.18.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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