Psagot Investment House Ltd. Has $2.70 Million Position in Cognizant Technology Solutions Corp (CTSH)

Psagot Investment House Ltd. lessened its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,185 shares of the information technology service provider’s stock after selling 4,970 shares during the period. Psagot Investment House Ltd.’s holdings in Cognizant Technology Solutions were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CTSH. Pathstone Family Office LLC increased its holdings in shares of Cognizant Technology Solutions by 1,208.8% in the 2nd quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after buying an additional 1,366 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares during the last quarter. WFG Advisors LP increased its holdings in shares of Cognizant Technology Solutions by 46.4% in the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after buying an additional 621 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Cognizant Technology Solutions in the 2nd quarter worth $137,000. Finally, BB&T Investment Services Inc. increased its holdings in shares of Cognizant Technology Solutions by 86.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock worth $141,000 after buying an additional 1,011 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $71.26, for a total value of $139,242.04. Following the completion of the sale, the insider now directly owns 10,515 shares of the company’s stock, valued at approximately $749,298.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Karen Mcloughlin sold 9,482 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $72.24, for a total transaction of $684,979.68. Following the completion of the sale, the chief financial officer now directly owns 52,200 shares of the company’s stock, valued at $3,770,928. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 650,317 shares of company stock valued at $46,964,889. Corporate insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $71.50 on Thursday. The firm has a market cap of $41,463.84, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corp has a 12-month low of $51.52 and a 12-month high of $76.51.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities research analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Cognizant Technology Solutions’s dividend payout ratio is 18.52%.

A number of equities analysts have recently commented on CTSH shares. Needham & Company LLC reissued a “buy” rating and issued a $78.00 price target (up previously from $72.00) on shares of Cognizant Technology Solutions in a report on Wednesday, August 9th. KeyCorp reissued a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Cowen reissued a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Jefferies Group reissued a “buy” rating and issued a $81.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $81.91.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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