Crossmark Global Holdings Inc. lowered its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,601 shares of the information technology service provider’s stock after selling 1,603 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cognizant Technology Solutions were worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in CTSH. Genesis Asset Managers LLP raised its holdings in Cognizant Technology Solutions by 25.2% during the second quarter. Genesis Asset Managers LLP now owns 2,903,755 shares of the information technology service provider’s stock valued at $229,368,000 after buying an additional 584,909 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Cognizant Technology Solutions during the second quarter valued at about $365,000. Whittier Trust Co. raised its holdings in Cognizant Technology Solutions by 85.7% during the second quarter. Whittier Trust Co. now owns 6,121 shares of the information technology service provider’s stock valued at $299,000 after buying an additional 2,825 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Cognizant Technology Solutions by 11.1% during the second quarter. Janney Montgomery Scott LLC now owns 133,605 shares of the information technology service provider’s stock valued at $10,553,000 after buying an additional 13,391 shares in the last quarter. Finally, Bank of The West raised its holdings in Cognizant Technology Solutions by 16.9% during the second quarter. Bank of The West now owns 69,547 shares of the information technology service provider’s stock valued at $5,494,000 after buying an additional 10,077 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

In related news, SVP Robert Telesmanic sold 5,062 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $68.00, for a total transaction of $344,216.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Malcolm Frank sold 859 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $75.20, for a total value of $64,596.80. Following the sale, the vice president now directly owns 19,761 shares in the company, valued at $1,486,027.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,773 shares of company stock worth $929,282. 0.60% of the stock is owned by company insiders.

Several equities analysts have weighed in on the company. Loop Capital set a $94.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Monday. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, August 2nd. Jefferies Financial Group assumed coverage on Cognizant Technology Solutions in a report on Tuesday. They set a “hold” rating and a $70.00 target price on the stock. BidaskClub upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Cowen restated a “buy” rating and set a $87.00 target price on shares of Cognizant Technology Solutions in a report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Cognizant Technology Solutions has a consensus rating of “Buy” and an average price target of $83.95.

Shares of NASDAQ:CTSH opened at $68.67 on Thursday. The stock has a market capitalization of $39.15 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. Cognizant Technology Solutions Corp has a 52-week low of $65.14 and a 52-week high of $85.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.24 and a current ratio of 3.24.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Tuesday, October 30th. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.06. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.08 billion. Cognizant Technology Solutions had a return on equity of 22.54% and a net margin of 9.07%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. On average, sell-side analysts predict that Cognizant Technology Solutions Corp will post 4.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Tuesday, November 20th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, November 19th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 22.66%.

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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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