Cognizant Technology Solutions Corp (CTSH) Holdings Boosted by Guardian Capital LP

Guardian Capital LP boosted its position in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,631 shares of the information technology service provider’s stock after buying an additional 13,392 shares during the quarter. Guardian Capital LP’s holdings in Cognizant Technology Solutions were worth $16,005,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CTSH. Acrospire Investment Management LLC lifted its holdings in Cognizant Technology Solutions by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in Cognizant Technology Solutions in the 3rd quarter worth $121,000. WFG Advisors LP lifted its holdings in Cognizant Technology Solutions by 46.4% in the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after buying an additional 621 shares in the last quarter. Krilogy Financial LLC acquired a new position in Cognizant Technology Solutions in the 2nd quarter worth $137,000. Finally, BB&T Investment Services Inc. increased its position in shares of Cognizant Technology Solutions by 86.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock worth $141,000 after purchasing an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

In other Cognizant Technology Solutions news, insider Sean Middleton sold 1,278 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.36, for a total value of $91,198.08. Following the completion of the transaction, the insider now owns 3,366 shares in the company, valued at approximately $240,197.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Francisco Dsouza sold 482,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the completion of the transaction, the chief executive officer now owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 558,577 shares of company stock valued at $40,286,414. Insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $71.45 on Wednesday. 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 1 year low of $51.52 and a 1 year high of $76.51. The firm has a market cap of $42,348.30, a PE ratio of 21.44, a P/E/G ratio of 1.62 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio is presently 18.52%.

CTSH has been the subject of several research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, September 6th. KeyCorp reissued a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, September 8th. Robert W. Baird reissued a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a research report on Sunday, September 10th. Bank of America reissued a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions in a research report on Tuesday, September 12th. Finally, Wedbush reissued an “outperform” rating on shares of Cognizant Technology Solutions in a research report on Monday, September 18th. Six research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.91.

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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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