Cognizant Technology Solutions Corporation (CTSH) Holdings Increased by Intrust Bank NA

Intrust Bank NA grew its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,805 shares of the information technology service provider’s stock after buying an additional 735 shares during the quarter. Intrust Bank NA’s holdings in Cognizant Technology Solutions Corporation were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CTSH. Cornerstone Advisors Inc. grew its stake in shares of Cognizant Technology Solutions Corporation by 0.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 3,633 shares of the information technology service provider’s stock worth $241,000 after purchasing an additional 11 shares during the last quarter. First Capital Advisors Group LLC. grew its stake in shares of Cognizant Technology Solutions Corporation by 0.9% in the 2nd quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock worth $244,000 after purchasing an additional 32 shares during the last quarter. Comerica Securities Inc. grew its stake in shares of Cognizant Technology Solutions Corporation by 0.4% in the 2nd quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after purchasing an additional 32 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Cognizant Technology Solutions Corporation by 0.5% in the 2nd quarter. CENTRAL TRUST Co now owns 6,403 shares of the information technology service provider’s stock worth $425,000 after purchasing an additional 35 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of Cognizant Technology Solutions Corporation by 1.0% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,717 shares of the information technology service provider’s stock worth $380,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $76.00 price objective (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $78.00 price objective (up previously from $72.00) on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, August 9th. Vetr raised shares of Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price objective on the stock in a research note on Tuesday, September 19th. Finally, Berenberg Bank raised shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $85.00 in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $81.19.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded up $0.32 during midday trading on Monday, reaching $74.26. 2,591,800 shares of the company’s stock were exchanged, compared to its average volume of 4,007,893. 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 firm has a market capitalization of $43,790.00, a PE ratio of 22.17, a PEG ratio of 1.67 and a beta of 1.10. Cognizant Technology Solutions Corporation has a 1 year low of $51.35 and a 1 year high of $76.51.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions Corporation had a net margin of 13.42% and a return on equity of 18.94%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. analysts expect 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. Shareholders of record on Monday, November 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is presently 18.58%.

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In related news, Director Leo S. Jr. Mackay sold 14,247 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $74.80, for a total transaction of $1,065,675.60. Following the transaction, the director now owns 12,577 shares of the company’s stock, valued at $940,759.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkat Krishnaswamy sold 4,000 shares of the business’s 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 transaction, the insider now directly owns 3,919 shares in the company, valued at approximately $293,925. The disclosure for this sale can be found here. Insiders sold 261,729 shares of company stock valued at $18,845,798 over the last quarter. 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.

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

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