Cognizant Technology Solutions Corp (CTSH) Shares Sold by Boston Partners

Boston Partners decreased its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,132,455 shares of the information technology service provider’s stock after selling 22,741 shares during the period. Boston Partners owned about 0.20% of Cognizant Technology Solutions worth $82,046,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc grew its holdings in shares of Cognizant Technology Solutions by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 43,571,388 shares of the information technology service provider’s stock worth $3,361,533,000 after acquiring an additional 241,595 shares during the last quarter. LGT Capital Partners LTD. grew its holdings in shares of Cognizant Technology Solutions by 5.3% in the 4th 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. Cozad Asset Management Inc. grew its holdings in shares of Cognizant Technology Solutions by 2.0% in the 4th quarter. Cozad Asset Management Inc. now owns 8,828 shares of the information technology service provider’s stock worth $560,000 after acquiring an additional 172 shares during the last quarter. Kistler Tiffany Companies LLC grew its holdings in shares of Cognizant Technology Solutions by 133.5% in the 4th quarter. Kistler Tiffany Companies LLC now owns 642 shares of the information technology service provider’s stock worth $41,000 after acquiring an additional 367 shares during the last quarter. Finally, Addenda Capital Inc. grew its holdings in shares of Cognizant Technology Solutions by 1.7% in the 4th quarter. Addenda Capital Inc. now owns 77,235 shares of the information technology service provider’s stock worth $4,787,000 after acquiring an additional 1,313 shares during the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on CTSH. Argus cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday. Daiwa Capital Markets cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. UBS Group decreased their target price on Cognizant Technology Solutions from $76.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Zacks Investment Research cut Cognizant Technology Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. Finally, Bank of America restated an “underperform” rating and issued a $57.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a report on Monday, May 6th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $75.55.

In other news, SVP Robert Telesmanic sold 3,477 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $73.41, for a total value of $255,246.57. Following the completion of the sale, the senior vice president now owns 10,284 shares of the company’s stock, valued at $754,948.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Malcolm Frank sold 437 shares of Cognizant Technology Solutions stock in a transaction on Monday, March 4th. The shares were sold at an average price of $71.81, for a total value of $31,380.97. Following the sale, the vice president now directly owns 27,009 shares of the company’s stock, valued at approximately $1,939,516.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,954 shares of company stock valued at $3,456,742. 0.56% of the stock is currently owned by insiders.

Shares of Cognizant Technology Solutions stock opened at $59.13 on Friday. The firm has a market capitalization of $33.99 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.95. The company has a quick ratio of 3.12, a current ratio of 2.90 and a debt-to-equity ratio of 0.12. Cognizant Technology Solutions Corp has a 12 month low of $57.47 and a 12 month high of $83.35.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Thursday, May 2nd. The information technology service provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.12). The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.16 billion. Cognizant Technology Solutions had a return on equity of 21.50% and a net margin of 12.39%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. As a group, analysts predict that Cognizant Technology Solutions Corp will post 3.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.35%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 19.90%.

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Cognizant Technology Solutions 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 analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.

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

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