Krueger & Catalano Capital Partners LLC purchased a new stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,898 shares of the information technology service provider’s stock, valued at approximately $1,910,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CTSH. Harding Loevner LP increased its position in shares of Cognizant Technology Solutions by 2,085,162.4% during the third quarter. Harding Loevner LP now owns 3,544,946 shares of the information technology service provider’s stock valued at $142,254,000 after buying an additional 3,544,776 shares during the period. APG Asset Management N.V. increased its position in shares of Cognizant Technology Solutions by 241.2% during the fourth quarter. APG Asset Management N.V. now owns 3,580,820 shares of the information technology service provider’s stock valued at $211,784,000 after buying an additional 2,531,494 shares during the period. Genesis Asset Managers LLP increased its position in shares of Cognizant Technology Solutions by 92.3% during the fourth quarter. Genesis Asset Managers LLP now owns 3,738,507 shares of the information technology service provider’s stock valued at $265,509,000 after buying an additional 1,794,164 shares during the period. Comgest Global Investors S.A.S. increased its position in shares of Cognizant Technology Solutions by 24.5% during the third quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock valued at $538,001,000 after buying an additional 1,461,800 shares during the period. Finally, Edgewood Management LLC increased its position in shares of Cognizant Technology Solutions by 9.3% during the third quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock valued at $1,227,063,000 after buying an additional 1,443,368 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

CTSH has been the topic of several analyst reports. Robert W. Baird upped their price target on Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. BidaskClub cut shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. SunTrust Banks restated a “buy” rating and issued a $85.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, Morgan Stanley upped their price objective on shares of Cognizant Technology Solutions from $77.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Cognizant Technology Solutions currently has an average rating of “Buy” and a consensus price target of $84.21.

In other Cognizant Technology Solutions news, CFO Karen Mcloughlin sold 9,482 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $72.24, for a total value of $684,979.68. Following the completion of the sale, the chief financial officer now owns 52,200 shares of the company’s stock, valued at $3,770,928. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Francisco Dsouza sold 482,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total value of $34,723,280.00. Following the completion of the sale, the chief executive officer now directly 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 sold 994,079 shares of company stock valued at $73,129,749. 1.08% of the stock is owned by insiders.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $76.29 on Monday. The stock has a market capitalization of $44,984.02, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.29. Cognizant Technology Solutions Corp has a 52 week low of $57.00 and a 52 week high of $79.28.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.15. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. Cognizant Technology Solutions’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. equities analysts expect that Cognizant Technology Solutions Corp will post 3.97 EPS for the current year.

The company also recently announced 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 is Wednesday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.05%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s dividend payout ratio is currently 23.72%.

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About Cognizant Technology Solutions

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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