United Capital Financial Advisers LLC raised its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,084 shares of the information technology service provider’s stock after buying an additional 27,382 shares during the period. United Capital Financial Advisers LLC’s holdings in Cognizant Technology Solutions Corporation were worth $9,588,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in shares of Cognizant Technology Solutions Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. raised its stake in shares of Cognizant Technology Solutions Corporation by 24.2% in the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock worth $154,000 after buying an additional 505 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Cognizant Technology Solutions Corporation by 40.8% in the first quarter. IFP Advisors Inc now owns 2,696 shares of the information technology service provider’s stock worth $160,000 after buying an additional 781 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Cognizant Technology Solutions Corporation by 253.9% in the first quarter. Acadian Asset Management LLC now owns 3,231 shares of the information technology service provider’s stock worth $192,000 after buying an additional 2,318 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Cognizant Technology Solutions Corporation during the first quarter worth $192,000. Institutional investors own 89.10% of the company’s stock.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded up 2.09% during trading on Thursday, reaching $69.95. 5,882,653 shares of the company’s stock were exchanged. Cognizant Technology Solutions Corporation has a 52 week low of $45.44 and a 52 week high of $70.49. The firm has a market capitalization of $41.20 billion, a PE ratio of 25.44 and a beta of 1.17. The company’s 50-day moving average price is $67.94 and its 200 day moving average price is $62.02.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 12.07% and a return on equity of 18.77%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Cognizant Technology Solutions Corporation will post $3.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is 21.90%.

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A number of equities research analysts have recently weighed in on CTSH shares. SunTrust Banks, Inc. upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, April 13th. Vetr upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and set a $67.50 price objective on the stock in a report on Friday, April 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $67.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Friday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Cognizant Technology Solutions Corporation in a research report on Friday, May 5th. Finally, Credit Suisse Group set a $70.00 target price on shares of Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research report on Saturday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $65.94.

In other news, insider Sean Middleton sold 1,460 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $67.39, for a total transaction of $98,389.40. Following the completion of the transaction, the insider now owns 2,308 shares in the company, valued at approximately $155,536.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Venkat Krishnaswamy sold 6,438 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $64.15, for a total transaction of $412,997.70. Following the transaction, the insider now owns 22,363 shares of the company’s stock, valued at approximately $1,434,586.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,783 shares of company stock valued at $4,222,615. Insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation 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 Corporation (NASDAQ:CTSH)

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