Andra AP fonden Has $5.78 Million Stake in Cognizant Technology Solutions Corporation (CTSH)

Andra AP fonden increased its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,700 shares of the information technology service provider’s stock after acquiring an additional 1,100 shares during the quarter. Andra AP fonden’s holdings in Cognizant Technology Solutions Corporation were worth $5,781,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 1,208.8% in the second quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock valued at $2,485,000 after acquiring an additional 1,366 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 92.6% in the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after acquiring an additional 800 shares during the period. WFG Advisors LP boosted its position in shares of Cognizant Technology Solutions Corporation by 46.4% in the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after acquiring an additional 621 shares during the period. Krilogy Financial LLC bought a new position in shares of Cognizant Technology Solutions Corporation in the second quarter valued at approximately $137,000. Finally, Manchester Capital Management LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 15.7% in the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock valued at $181,000 after acquiring an additional 370 shares during the period. Institutional investors own 87.35% of the company’s stock.

A number of equities analysts have recently commented on CTSH shares. Cowen and Company restated a “buy” rating and issued a $75.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Friday, July 28th. Vetr raised shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $71.62 target price on the stock in a research note on Wednesday, August 2nd. Loop Capital raised shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and raised their target price for the company from $63.00 to $83.00 in a research note on Friday, August 4th. Credit Suisse Group set a $80.00 target price on shares of Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $76.00 target price (up from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $80.71.

Cognizant Technology Solutions Corporation (CTSH) opened at $74.27 on Friday. The stock has a market cap of $43,865.50, a PE ratio of 22.17, a P/E/G ratio of 1.70 and a beta of 1.10. Cognizant Technology Solutions Corporation has a one year low of $51.35 and a one year high of $76.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.35.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion for 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%. Cognizant Technology Solutions Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. analysts expect that Cognizant Technology Solutions Corporation will post 3.31 earnings per share for the current 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 given 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 18.52%.

In other Cognizant Technology Solutions Corporation news, EVP James Patrick Lennox sold 7,315 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $69.69, for a total value of $509,782.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Rajeev Mehta sold 32,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $71.02, for a total value of $2,272,640.00. Following the completion of the transaction, the president now directly owns 187,965 shares of the company’s stock, valued at approximately $13,349,274.30. The disclosure for this sale can be found here. In the last three months, insiders sold 281,758 shares of company stock valued at $20,158,801. 1.08% of the stock is owned by insiders.

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About Cognizant Technology Solutions Corporation

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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