Woodstock Corp maintained its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to its most recent filing with the SEC. The firm owned 3,934 shares of the information technology service provider’s stock at the end of the second quarter. Woodstock Corp’s holdings in Cognizant Technology Solutions Corporation were worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CTSH. Guardian Life Insurance Co. of America boosted its stake in 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 valued at $140,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. boosted its position 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 valued at $154,000 after buying an additional 505 shares in the last quarter. IFP Advisors Inc boosted its position in 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 period. Acadian Asset Management LLC boosted its position in 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 period. Finally, Advisory Services Network LLC acquired a new position in Cognizant Technology Solutions Corporation during the first quarter worth approximately $192,000. Institutional investors own 89.21% of the company’s stock.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down 2.23% on Monday, reaching $69.59. 4,169,232 shares of the company traded hands. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $71.17. The stock has a market capitalization of $40.99 billion, a price-to-earnings ratio of 25.31 and a beta of 1.17. The company has a 50-day moving average of $67.94 and a 200-day moving average of $62.02.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts anticipate that Cognizant Technology Solutions Corporation will post $3.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, August 18th. Cognizant Technology Solutions Corporation’s payout ratio is 19.17%.

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A number of equities analysts have recently commented on the company. BMO Capital Markets reissued a “buy” rating on shares of Cognizant Technology Solutions Corporation in a report on Friday. Credit Suisse Group set a $80.00 price objective on Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a research report on Friday. They noted that the move was a valuation call. Loop Capital upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Friday. Cowen and Company restated a “buy” rating and set a $75.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Friday, July 28th. Finally, Vetr upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $71.62 price target on the stock in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $66.50.

In related news, COO Srinivasan Veeraraghavachary sold 3,069 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $65.00, for a total value of $199,485.00. Following the completion of the sale, the chief operating officer now owns 24,737 shares in the company, valued at approximately $1,607,905. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Venkat Krishnaswamy sold 6,438 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was 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 quarter, insiders sold 51,783 shares of company stock valued at $3,472,615. 1.08% of the stock is owned by insiders.

About Cognizant Technology Solutions Corporation

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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