Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 267.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,605 shares of the information technology service provider’s stock after acquiring an additional 128,500 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Cognizant Technology Solutions were worth $12,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Capital Advisors Group LLC. boosted its holdings in Cognizant Technology Solutions by 0.9% during the second quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock valued at $244,000 after purchasing an additional 32 shares in the last quarter. Comerica Securities Inc. boosted its holdings in Cognizant Technology Solutions by 0.4% during the second quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock valued at $519,000 after purchasing an additional 32 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in Cognizant Technology Solutions by 1.0% during the second quarter. CWA Asset Management Group LLC now owns 5,717 shares of the information technology service provider’s stock valued at $380,000 after purchasing an additional 57 shares in the last quarter. Westover Capital Advisors LLC boosted its holdings in Cognizant Technology Solutions by 2.2% during the second quarter. Westover Capital Advisors LLC now owns 3,885 shares of the information technology service provider’s stock valued at $258,000 after purchasing an additional 83 shares in the last quarter. Finally, Frontier Wealth Management LLC boosted its holdings in Cognizant Technology Solutions by 1.0% during the second quarter. Frontier Wealth Management LLC now owns 10,099 shares of the information technology service provider’s stock valued at $671,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

A number of equities research analysts have weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $78.00 price objective on shares of Cognizant Technology Solutions in a report on Tuesday. BidaskClub downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. Vetr raised Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price objective on the stock in a report on Wednesday, November 29th. Pivotal Research assumed coverage on Cognizant Technology Solutions in a report on Wednesday, November 8th. They set a “buy” rating and a $93.00 price objective on the stock. Finally, Zacks Investment Research downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $81.91.

In other Cognizant Technology Solutions news, insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $71.26, for a total transaction of $139,242.04. Following the completion of the sale, the insider now owns 10,515 shares in the company, valued at approximately $749,298.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Rajeev Mehta sold 32,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $72.02, for a total transaction of $2,304,640.00. Following the sale, the president now owns 170,063 shares of the company’s stock, valued at approximately $12,247,937.26. The disclosure for this sale can be found here. Insiders have sold a total of 650,317 shares of company stock valued at $46,964,889 in the last quarter. Corporate insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corp (NASDAQ CTSH) opened at $71.50 on Thursday. Cognizant Technology Solutions Corp has a 1-year low of $51.52 and a 1-year high of $76.51. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $41,463.84, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, November 17th. Cognizant Technology Solutions’s payout ratio is 18.52%.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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