Advisor Partners LLC Purchases 1,126 Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Advisor Partners LLC increased its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,513 shares of the information technology service provider’s stock after buying an additional 1,126 shares during the period. Advisor Partners LLC’s holdings in Cognizant Technology Solutions were worth $754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at about $25,000. Field & Main Bank increased its stake in shares of Cognizant Technology Solutions by 350.0% in the 2nd quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 350 shares during the last quarter. Berman Capital Advisors LLC increased its stake in shares of Cognizant Technology Solutions by 137.7% in the 2nd quarter. Berman Capital Advisors LLC now owns 637 shares of the information technology service provider’s stock valued at $40,000 after acquiring an additional 369 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of Cognizant Technology Solutions by 35.3% in the 2nd quarter. Citizens Financial Group Inc RI now owns 716 shares of the information technology service provider’s stock valued at $46,000 after acquiring an additional 187 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Cognizant Technology Solutions by 52.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 892 shares of the information technology service provider’s stock valued at $57,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

A number of analysts have recently commented on CTSH shares. BMO Capital Markets lowered their price target on Cognizant Technology Solutions to $75.00 and set an “outperform” rating for the company in a research note on Monday, October 28th. Credit Suisse Group lowered their price target on Cognizant Technology Solutions from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Monday, September 23rd. BidaskClub cut Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. ValuEngine raised Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird set a $76.00 price target on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Friday, September 6th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $71.48.

NASDAQ:CTSH traded down $0.17 during trading hours on Friday, reaching $62.86. 1,858,000 shares of the stock were exchanged, compared to its average volume of 4,136,774. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.53 and a quick ratio of 2.53. Cognizant Technology Solutions Corp has a twelve month low of $56.73 and a twelve month high of $74.85. The stock has a market cap of $34.28 billion, a PE ratio of 15.64, a PEG ratio of 1.42 and a beta of 1.05. The firm has a 50 day moving average of $60.68 and a 200 day moving average of $62.73.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Cognizant Technology Solutions had a return on equity of 20.23% and a net margin of 12.60%. Cognizant Technology Solutions’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Equities research analysts anticipate that Cognizant Technology Solutions Corp will post 3.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 19.90%.

In related news, CFO Karen Mcloughlin sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $64.27, for a total value of $64,270.00. Following the sale, the chief financial officer now directly owns 67,566 shares of the company’s stock, valued at $4,342,466.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $61.13, for a total value of $611,300.00. Following the completion of the sale, the director now directly owns 459,987 shares in the company, valued at $28,119,005.31. The disclosure for this sale can be found here. Insiders sold 18,823 shares of company stock worth $1,169,337 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Cognizant Technology Solutions 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 analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.

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

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