Comgest Global Investors S.A.S. Purchases 1,358,200 Shares of Cognizant Technology Solutions Corp (CTSH)

Comgest Global Investors S.A.S. lifted its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 18.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,774,817 shares of the information technology service provider’s stock after purchasing an additional 1,358,200 shares during the period. Cognizant Technology Solutions makes up approximately 13.5% of Comgest Global Investors S.A.S.’s holdings, making the stock its 3rd biggest holding. Comgest Global Investors S.A.S.’s holdings in Cognizant Technology Solutions were worth $623,188,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Linscomb & Williams Inc. acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth $278,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Cognizant Technology Solutions by 45.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 143,385 shares of the information technology service provider’s stock worth $10,401,000 after buying an additional 44,982 shares during the last quarter. Rothschild Asset Management Inc. acquired a new stake in Cognizant Technology Solutions in the 3rd quarter valued at $12,538,000. Tandem Investment Advisors Inc. increased its holdings in Cognizant Technology Solutions by 164.0% in the 4th quarter. Tandem Investment Advisors Inc. now owns 42,030 shares of the information technology service provider’s stock valued at $2,985,000 after purchasing an additional 26,111 shares in the last quarter. Finally, AXA increased its holdings in Cognizant Technology Solutions by 11.3% in the 3rd quarter. AXA now owns 371,160 shares of the information technology service provider’s stock valued at $26,924,000 after purchasing an additional 37,600 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) opened at $80.95 on Tuesday. Cognizant Technology Solutions Corp has a 12 month low of $57.00 and a 12 month high of $81.87. The company has a market cap of $47,598.60, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. The company has a quick ratio of 3.29, a current ratio of 3.21 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the business earned $0.87 earnings per share. Cognizant Technology Solutions’s revenue was up 10.6% compared to the same quarter last year. equities research analysts forecast that Cognizant Technology Solutions Corp will post 4.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.99%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 23.72%.

CTSH has been the subject of several recent research reports. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price target on shares of Cognizant Technology Solutions in a report on Friday, November 3rd. Oppenheimer reiterated a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $78.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Pivotal Research initiated coverage on Cognizant Technology Solutions in a report on Wednesday, November 8th. They issued a “buy” rating and a $93.00 price target for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $78.00 price target on shares of Cognizant Technology Solutions in a report on Tuesday, December 5th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $84.32.

In related news, VP Malcolm Frank sold 9,462 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $70.61, for a total transaction of $668,111.82. Following the transaction, the vice president now owns 15,533 shares in the company, valued at $1,096,785.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Srinivasan Veeraraghavachary sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $76.76, for a total transaction of $383,800.00. Following the transaction, the chief operating officer now owns 24,072 shares in the company, valued at approximately $1,847,766.72. The disclosure for this sale can be found here. Insiders have sold 629,296 shares of company stock worth $47,467,608 in the last quarter. Company insiders own 1.08% of the company’s stock.

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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.

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

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