Gratus Capital LLC held its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the information technology service provider’s stock at the end of the second quarter. Gratus Capital LLC’s holdings in Cognizant Technology Solutions Corporation were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Girard Partners LTD. raised its stake in Cognizant Technology Solutions Corporation by 4.4% in the second quarter. Girard Partners LTD. now owns 15,860 shares of the information technology service provider’s stock valued at $1,053,000 after buying an additional 671 shares during the period. Brighton Jones LLC purchased a new stake in Cognizant Technology Solutions Corporation during the second quarter valued at $214,000. McKinley Carter Wealth Services Inc. raised its stake in Cognizant Technology Solutions Corporation by 6.2% in the second quarter. McKinley Carter Wealth Services Inc. now owns 34,950 shares of the information technology service provider’s stock valued at $2,321,000 after buying an additional 2,033 shares during the period. Neuberger Berman Group LLC raised its stake in Cognizant Technology Solutions Corporation by 9.6% in the second quarter. Neuberger Berman Group LLC now owns 2,222,044 shares of the information technology service provider’s stock valued at $147,544,000 after buying an additional 194,984 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Cognizant Technology Solutions Corporation by 11.6% in the second quarter. Pacer Advisors Inc. now owns 21,629 shares of the information technology service provider’s stock valued at $1,436,000 after buying an additional 2,251 shares during the period. 87.63% of the stock is currently owned by institutional investors.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 69.67 on Thursday. The company’s 50 day moving average price is $69.67 and its 200 day moving average price is $63.83. The stock has a market capitalization of $41.15 billion, a P/E ratio of 22.35 and a beta of 1.17. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $72.07.

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 Thomson Reuters’ 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 the consensus estimate of $3.65 billion. During the same period last year, the business posted $0.87 EPS. Cognizant Technology Solutions Corporation’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors 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 yield of 0.86%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is currently 19.17%.

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A number of analysts recently commented on CTSH shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, May 31st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $67.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Monday, May 15th. Needham & Company LLC increased their price objective on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, May 15th. BidaskClub lowered Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Credit Suisse Group set a $70.00 price objective on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $70.02.

In other Cognizant Technology Solutions Corporation news, insider Venkat Krishnaswamy sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $67.75, for a total transaction of $271,000.00. Following the completion of the sale, the insider now directly owns 13,188 shares in the company, valued at $893,487. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gajakarnan Vibushanan Kandiah sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $67.44, for a total transaction of $674,400.00. Following the sale, the insider now owns 25,514 shares of the company’s stock, valued at $1,720,664.16. The disclosure for this sale can be found here. Insiders sold a total of 118,479 shares of company stock valued at $8,269,763 over the last quarter. 1.08% of the stock is currently owned by company 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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