Oppenheimer Asset Management Inc. boosted its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 10.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 50,631 shares of the information technology service provider’s stock after acquiring an additional 4,936 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cognizant Technology Solutions were worth $3,673,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Cognizant Technology Solutions by 81.6% during the second quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock worth $1,664,366,000 after purchasing an additional 11,262,360 shares in the last quarter. Edgewood Management LLC boosted its position in shares of Cognizant Technology Solutions by 9.3% during the third quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock worth $1,227,063,000 after purchasing an additional 1,443,368 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Cognizant Technology Solutions by 3.2% during the third quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock worth $730,914,000 after purchasing an additional 313,364 shares in the last quarter. Comgest Global Investors S.A.S. boosted its position in shares of Cognizant Technology Solutions by 24.5% during the third quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock worth $538,001,000 after purchasing an additional 1,461,800 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Cognizant Technology Solutions by 4.4% during the second quarter. Pzena Investment Management LLC now owns 7,010,880 shares of the information technology service provider’s stock worth $465,522,000 after purchasing an additional 296,899 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $78.00 price target on shares of Cognizant Technology Solutions in a research report on Tuesday, December 5th. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Vetr raised shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price target on the stock in a research report on Wednesday, November 29th. Pivotal Research assumed coverage on shares of Cognizant Technology Solutions in a research report on Wednesday, November 8th. They issued a “buy” rating and a $93.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cognizant Technology Solutions currently has an average rating of “Buy” and a consensus target price of $81.91.

In other news, VP Malcolm Frank sold 9,462 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $70.61, for a total transaction of $668,111.82. Following the transaction, the vice president now directly owns 15,533 shares in the company, valued at approximately $1,096,785.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $72.00, for a total transaction of $1,800,000.00. Following the transaction, the insider now owns 311,923 shares in the company, valued at $22,458,456. The disclosure for this sale can be found here. Insiders have sold a total of 661,867 shares of company stock worth $47,779,757 over the last three months. Insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $71.82 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. Cognizant Technology Solutions Corp has a 52-week low of $51.52 and a 52-week high of $76.51. The company has a market cap of $42,224.48, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 0.84%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 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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