Osborn Williams & Donohoe LLC decreased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,450 shares of the information technology service provider’s stock after selling 150 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Cognizant Technology Solutions Corporation were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Cognizant Technology Solutions Corporation by 3,470.1% in the first quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock valued at $2,425,316,000 after buying an additional 39,606,526 shares during the last quarter. Comgest Global Investors S.A.S. purchased a new stake in Cognizant Technology Solutions Corporation during the first quarter valued at $224,748,000. Thrivent Financial For Lutherans increased its stake in Cognizant Technology Solutions Corporation by 11,666.2% in the first quarter. Thrivent Financial For Lutherans now owns 2,468,550 shares of the information technology service provider’s stock valued at $146,928,000 after buying an additional 2,447,570 shares during the last quarter. Alliancebernstein L.P. increased its stake in Cognizant Technology Solutions Corporation by 112.5% in the first quarter. Alliancebernstein L.P. now owns 4,487,749 shares of the information technology service provider’s stock valued at $267,111,000 after buying an additional 2,375,626 shares during the last quarter. Finally, SRS Investment Management LLC purchased a new stake in Cognizant Technology Solutions Corporation during the first quarter valued at $134,797,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded down 2.23% on Monday, reaching $69.59. The company’s stock had a trading volume of 4,235,081 shares. The company has a market capitalization of $40.99 billion, a price-to-earnings ratio of 25.31 and a beta of 1.17. The stock has a 50-day moving average price of $67.94 and a 200-day moving average price of $62.02. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $71.17.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be paid a $0.15 dividend. 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 currently 19.17%.

WARNING: This article was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/07/osborn-williams-donohoe-llc-reduces-stake-in-cognizant-technology-solutions-corporation-nasdaqctsh-updated.html.

Several analysts recently weighed in on CTSH shares. SunTrust Banks, Inc. upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, April 13th. Morgan Stanley lifted their price objective on Cognizant Technology Solutions Corporation from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Needham & Company LLC lifted their price objective on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, May 15th. Vetr upgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and set a $67.50 target price on the stock in a research note on Friday, April 14th. Finally, Robert W. Baird lifted their target price on Cognizant Technology Solutions Corporation from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given 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 an average target price of $66.50.

In other news, insider Sean Middleton sold 1,460 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $67.39, for a total value of $98,389.40. Following the completion of the sale, the insider now directly owns 2,308 shares of the company’s stock, valued at approximately $155,536.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Venkat Krishnaswamy sold 6,438 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $64.15, for a total value of $412,997.70. Following the completion of the sale, the insider now directly owns 22,363 shares of the company’s stock, valued at $1,434,586.45. The disclosure for this sale can be found here. Insiders sold a total of 51,783 shares of company stock worth $3,472,615 over the last quarter. Company 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)

Receive News & Stock Ratings for Cognizant Technology Solutions Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corporation and related stocks with our FREE daily email newsletter.