Cognizant Technology Solutions Corp (NASDAQ:CTSH) Holdings Trimmed by Triodos Investment Management BV

Triodos Investment Management BV trimmed its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,810 shares of the information technology service provider’s stock after selling 17,690 shares during the period. Cognizant Technology Solutions accounts for 3.1% of Triodos Investment Management BV’s investment portfolio, making the stock its 15th biggest holding. Triodos Investment Management BV’s holdings in Cognizant Technology Solutions were worth $12,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at $25,000. Field & Main Bank boosted its holdings in Cognizant Technology Solutions by 350.0% in the second quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in Cognizant Technology Solutions by 137.7% in the second quarter. Berman Capital Advisors LLC now owns 637 shares of the information technology service provider’s stock worth $40,000 after purchasing an additional 369 shares in the last quarter. Citizens Financial Group Inc RI boosted its holdings in Cognizant Technology Solutions by 35.3% in the second quarter. Citizens Financial Group Inc RI now owns 716 shares of the information technology service provider’s stock worth $46,000 after purchasing an additional 187 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its holdings in Cognizant Technology Solutions by 52.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 892 shares of the information technology service provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 91.23% of the company’s stock.

NASDAQ CTSH traded down $0.17 on Friday, reaching $62.86. The company’s stock had a trading volume of 1,858,000 shares, compared to its average volume of 4,136,774. Cognizant Technology Solutions Corp has a 52 week low of $56.73 and a 52 week high of $74.85. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $60.68 and a 200 day moving average price of $62.73. The firm has a market cap of $34.28 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Cognizant Technology Solutions had a net margin of 12.60% and a return on equity of 20.23%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Cognizant Technology Solutions’s revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Cognizant Technology Solutions Corp will post 3.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be issued a $0.20 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.80 annualized dividend and a yield of 1.27%. Cognizant Technology Solutions’s dividend payout ratio is currently 19.90%.

A number of brokerages recently issued reports on CTSH. Credit Suisse Group decreased their price objective on shares of Cognizant Technology Solutions from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Monday, September 23rd. BMO Capital Markets decreased their price objective on shares of Cognizant Technology Solutions to $75.00 and set an “outperform” rating for the company in a report on Monday, October 28th. TheStreet upgraded shares of Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, July 23rd. ValuEngine upgraded shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub cut shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $71.48.

In other Cognizant Technology Solutions news, CFO Karen Mcloughlin sold 1,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $64.27, for a total value of $64,270.00. Following the sale, the chief financial officer now directly owns 67,566 shares in the company, valued at $4,342,466.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John E. Klein sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $61.13, for a total transaction of $611,300.00. Following the completion of the sale, the director now owns 459,987 shares in the company, valued at $28,119,005.31. The disclosure for this sale can be found here. Insiders sold 18,823 shares of company stock worth $1,169,337 over the last 90 days. 0.56% of the stock is currently owned by company insiders.

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 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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