Cognizant Technology Solutions Corporation (CTSH) Holdings Reduced by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. decreased its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,143 shares of the information technology service provider’s stock after selling 12,476 shares during the period. Cognizant Technology Solutions Corporation accounts for about 1.2% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 27th largest position. YHB Investment Advisors Inc.’s holdings in Cognizant Technology Solutions Corporation were worth $6,466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTSH. FMR LLC raised its stake in Cognizant Technology Solutions Corporation by 81.6% during the 2nd quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock worth $1,664,366,000 after acquiring an additional 11,262,360 shares during the period. Comgest Global Investors S.A.S. raised its stake in Cognizant Technology Solutions Corporation by 57.7% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock worth $395,400,000 after acquiring an additional 2,178,800 shares during the period. Yacktman Asset Management LP bought a new stake in Cognizant Technology Solutions Corporation during the 2nd quarter worth approximately $89,259,000. BT Investment Management Ltd bought a new stake in Cognizant Technology Solutions Corporation during the 2nd quarter worth approximately $83,134,000. Finally, FIL Ltd raised its stake in Cognizant Technology Solutions Corporation by 37.7% during the 2nd quarter. FIL Ltd now owns 3,718,791 shares of the information technology service provider’s stock worth $246,928,000 after acquiring an additional 1,017,981 shares during the period. Institutional investors own 87.42% of the company’s stock.

In other news, insider Venkat Krishnaswamy sold 4,000 shares of Cognizant Technology Solutions Corporation stock in a transaction on Monday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $300,000.00. Following the completion of the sale, the insider now directly owns 3,919 shares in the company, valued at $293,925. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James Patrick Lennox sold 1,725 shares of Cognizant Technology Solutions Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $71.57, for a total value of $123,458.25. Following the sale, the executive vice president now owns 8,407 shares of the company’s stock, valued at $601,688.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,880 shares of company stock valued at $19,423,948. Corporate insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation (CTSH) traded up $0.32 during midday trading on Friday, reaching $74.26. 2,591,800 shares of the company’s stock traded hands, compared to its average volume of 3,281,177. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29. The stock has a market capitalization of $43,787.04, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. Cognizant Technology Solutions Corporation has a 52 week low of $51.35 and a 52 week high of $76.51.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts anticipate that Cognizant Technology Solutions Corporation will post 3.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is 18.52%.

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CTSH has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. restated a “buy” rating and set a $85.00 target price on shares of Cognizant Technology Solutions Corporation in a research note on Friday, November 3rd. Credit Suisse Group restated an “outperform” rating and set a $89.00 target price (up previously from $80.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, November 2nd. Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Citigroup Inc. raised their target price on shares of Cognizant Technology Solutions Corporation from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Cognizant Technology Solutions Corporation has a consensus rating of “Buy” and an average price target of $81.19.

About Cognizant Technology Solutions Corporation

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.

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

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