Smith Salley & Associates lifted its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,634 shares of the information technology service provider’s stock after buying an additional 2,546 shares during the period. Cognizant Technology Solutions makes up 1.4% of Smith Salley & Associates’ holdings, making the stock its 22nd biggest position. Smith Salley & Associates’ holdings in Cognizant Technology Solutions were worth $7,530,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Davis R M Inc. increased its position in shares of Cognizant Technology Solutions by 7.2% during the fourth quarter. Davis R M Inc. now owns 343,102 shares of the information technology service provider’s stock valued at $21,780,000 after acquiring an additional 22,923 shares during the last quarter. Naples Global Advisors LLC lifted its stake in Cognizant Technology Solutions by 14.7% in the fourth quarter. Naples Global Advisors LLC now owns 11,950 shares of the information technology service provider’s stock worth $774,000 after acquiring an additional 1,535 shares during the last quarter. LGT Capital Partners LTD. lifted its stake in Cognizant Technology Solutions by 5.3% in the fourth quarter. LGT Capital Partners LTD. now owns 282,791 shares of the information technology service provider’s stock worth $17,952,000 after acquiring an additional 14,166 shares during the last quarter. Alpha Windward LLC lifted its stake in Cognizant Technology Solutions by 13.9% in the fourth quarter. Alpha Windward LLC now owns 2,099 shares of the information technology service provider’s stock worth $133,000 after acquiring an additional 256 shares during the last quarter. Finally, Edgewood Management LLC lifted its stake in Cognizant Technology Solutions by 1.4% in the third quarter. Edgewood Management LLC now owns 18,390,315 shares of the information technology service provider’s stock worth $1,418,813,000 after acquiring an additional 252,411 shares during the last quarter. 86.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CTSH opened at $73.16 on Monday. The company has a market cap of $42.36 billion, a PE ratio of 18.20, a P/E/G ratio of 1.63 and a beta of 0.99. The company has a quick ratio of 3.24, a current ratio of 3.12 and a debt-to-equity ratio of 0.06. Cognizant Technology Solutions Corp has a twelve month low of $59.47 and a twelve month high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 6th. The information technology service provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. On average, equities research analysts forecast that Cognizant Technology Solutions Corp will post 4.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. Cognizant Technology Solutions’s payout ratio is 19.90%.

A number of brokerages recently issued reports on CTSH. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets restated a “hold” rating and set a $75.00 price objective on shares of Cognizant Technology Solutions in a research report on Tuesday, November 20th. BidaskClub upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Jefferies Financial Group started coverage on shares of Cognizant Technology Solutions in a research report on Tuesday, November 20th. They set a “hold” rating and a $70.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on shares of Cognizant Technology Solutions from $87.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $81.81.

In other Cognizant Technology Solutions news, insider Gajakarnan Vibushanan Kandiah sold 1,208 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $71.23, for a total value of $86,045.84. Following the transaction, the insider now directly owns 13,963 shares of the company’s stock, valued at approximately $994,584.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Malcolm Frank sold 7,251 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $61.88, for a total transaction of $448,691.88. Following the completion of the transaction, the vice president now directly owns 26,289 shares in the company, valued at $1,626,763.32. The disclosure for this sale can be found here. Insiders sold a total of 28,071 shares of company stock worth $1,873,915 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

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Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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

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