Cognizant Technology Solutions Corp (CTSH) Position Held by Bedrijfstakpensioenfonds Voor DE Media PNO

Bedrijfstakpensioenfonds Voor DE Media PNO continued to hold its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the information technology service provider’s stock at the end of the first quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Cognizant Technology Solutions Corp were worth $1,131,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Massey Quick & Co. LLC acquired a new stake in Cognizant Technology Solutions Corp during the fourth quarter valued at about $112,000. Virtus Investment Advisers Inc. acquired a new stake in Cognizant Technology Solutions Corp during the third quarter valued at about $132,000. SRB Corp acquired a new stake in Cognizant Technology Solutions Corp during the third quarter valued at about $136,000. IFP Advisors Inc raised its stake in Cognizant Technology Solutions Corp 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 in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Cognizant Technology Solutions Corp 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 in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

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

Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up 0.32% during midday trading on Friday, hitting $65.23. The company had a trading volume of 1,175,627 shares. Cognizant Technology Solutions Corp has a 52 week low of $45.44 and a 52 week high of $65.32. The firm’s 50 day moving average is $60.51 and its 200-day moving average is $57.43. The firm has a market capitalization of $38.42 billion, a P/E ratio of 23.73 and a beta of 1.28. Cognizant Technology Solutions Corp also was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 20,753 call options on the stock. This is an increase of approximately 798% compared to the average volume of 2,310 call options.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last released its quarterly earnings results on Friday, May 5th. The information technology service provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Cognizant Technology Solutions Corp had a net margin of 11.52% and a return on equity of 18.83%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities research analysts expect that Cognizant Technology Solutions Corp will post $3.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 23rd will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.92%.

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Several analysts have issued reports on the company. Needham & Company LLC upped their price objective on Cognizant Technology Solutions Corp from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald restated a “buy” rating and issued a $67.00 price objective on shares of Cognizant Technology Solutions Corp in a research note on Monday. Robert W. Baird upped their price objective on Cognizant Technology Solutions Corp from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Credit Suisse Group AG set a $70.00 price objective on Cognizant Technology Solutions Corp and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, Morgan Stanley upped their price objective on Cognizant Technology Solutions Corp from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $63.45.

In related news, EVP Allen Shaheen sold 2,305 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $59.86, for a total value of $137,977.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sean Middleton sold 1,890 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $65.00, for a total transaction of $122,850.00. Following the completion of the transaction, the insider now owns 2,108 shares of the company’s stock, valued at $137,020. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,869 shares of company stock worth $2,580,012. Insiders own 0.81% of the company’s stock.

Cognizant Technology Solutions Corp 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.

5 Day Chart for NASDAQ:CTSH

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