Cortland Associates Inc. MO cut its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 675,141 shares of the information technology service provider’s stock after selling 13,538 shares during the period. Cognizant Technology Solutions Corporation accounts for about 8.6% of Cortland Associates Inc. MO’s portfolio, making the stock its 4th largest position. Cortland Associates Inc. MO owned approximately 0.11% of Cognizant Technology Solutions Corporation worth $44,829,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America increased its position in shares of Cognizant Technology Solutions Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock valued at $140,000 after buying an additional 27 shares in the last quarter. Assetmark Inc. boosted its stake in Cognizant Technology Solutions Corporation by 24.2% in the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock valued at $154,000 after buying an additional 505 shares during the last quarter. IFP Advisors Inc boosted its stake in Cognizant Technology Solutions Corporation by 40.8% in the first quarter. IFP Advisors Inc now owns 2,696 shares of the information technology service provider’s stock valued at $160,000 after buying an additional 781 shares during the last quarter. Advisory Services Network LLC bought a new stake in Cognizant Technology Solutions Corporation during the first quarter valued at about $192,000. Finally, Acadian Asset Management LLC boosted its stake in Cognizant Technology Solutions Corporation by 253.9% in the first quarter. Acadian Asset Management LLC now owns 3,231 shares of the information technology service provider’s stock valued at $192,000 after buying an additional 2,318 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 0.86% during trading on Friday, reaching $70.61. 3,453,531 shares of the company traded hands. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $71.57. The stock’s 50 day moving average is $68.68 and its 200 day moving average is $62.67. The company has a market capitalization of $41.70 billion, a price-to-earnings ratio of 22.65 and a beta of 1.17.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. On average, analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio is presently 19.17%.

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Several equities research analysts recently weighed in on CTSH shares. Credit Suisse Group set a $70.00 price target on shares of Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a research report on Saturday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Cognizant Technology Solutions Corporation in a research report on Friday, May 5th. Cantor Fitzgerald restated a “buy” rating and issued a $67.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Friday, May 5th. Vetr lowered shares of Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 price objective for the company. in a research note on Monday, May 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Cognizant Technology Solutions Corporation presently has an average rating of “Buy” and a consensus price target of $70.02.

In other news, Director Maureen Breakiron-Evans sold 12,368 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $69.70, for a total transaction of $862,049.60. Following the completion of the sale, the director now directly owns 1,075 shares of the company’s stock, valued at approximately $74,927.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sean Middleton sold 1,460 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $67.39, for a total value of $98,389.40. Following the sale, the insider now directly owns 2,308 shares of the company’s stock, valued at $155,536.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,528 shares of company stock valued at $5,306,449. Corporate insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation Company 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 Corporation (NASDAQ:CTSH)

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