Bayesian Capital Management LP grew its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 89.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,510 shares of the information technology service provider’s stock after buying an additional 7,310 shares during the period. Bayesian Capital Management LP’s holdings in Cognizant Technology Solutions Corporation were worth $1,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of 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. Vanguard Group Inc. lifted its position in shares of Cognizant Technology Solutions Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 40,545,109 shares of the information technology service provider’s stock valued at $2,413,246,000 after buying an additional 1,379,271 shares during the last quarter. FMR LLC lifted its position in shares of Cognizant Technology Solutions Corporation by 81.6% in the second quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock valued at $1,664,366,000 after buying an additional 11,262,360 shares during the last quarter. State Street Corp lifted its position in shares of Cognizant Technology Solutions Corporation by 1.8% in the first quarter. State Street Corp now owns 24,267,262 shares of the information technology service provider’s stock valued at $1,444,391,000 after buying an additional 435,142 shares during the last quarter. Finally, Edgewood Management LLC lifted its position in shares of Cognizant Technology Solutions Corporation by 3.9% in the first quarter. Edgewood Management LLC now owns 14,706,635 shares of the information technology service provider’s stock valued at $875,339,000 after buying an additional 557,035 shares during the last quarter. 87.59% of the stock is owned by institutional investors.

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In related news, EVP Allen Shaheen sold 442 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $70.58, for a total value of $31,196.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Venkat Krishnaswamy sold 8,151 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $70.93, for a total value of $578,150.43. Following the completion of the transaction, the insider now directly owns 9,429 shares in the company, valued at approximately $668,798.97. The disclosure for this sale can be found here. Insiders sold 287,357 shares of company stock worth $20,521,043 in the last quarter. 1.08% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on CTSH. BMO Capital Markets reaffirmed a “buy” rating and issued a $76.00 price objective (up from $69.00) on shares of Cognizant Technology Solutions Corporation in a research report on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and set a $78.00 price target (up from $72.00) on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, August 9th. Zacks Investment Research cut Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Vetr raised Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price target for the company in a report on Tuesday, September 19th. Finally, Loop Capital raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $83.00 in a report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $72.51.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down 0.29% during trading on Thursday, hitting $71.70. The stock had a trading volume of 294,645 shares. The company has a market cap of $42.35 billion, a PE ratio of 23.00 and a beta of 1.14. The firm’s 50 day moving average is $70.75 and its 200 day moving average is $65.41. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $73.00.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is presently 19.17%.

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.

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

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