Cognizant Technology Solutions Corp (CTSH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,720,647 shares of the information technology service provider’s stock after selling 1,714 shares during the period. Dimensional Fund Advisors LP owned about 0.29% of Cognizant Technology Solutions worth $124,811,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its stake in Cognizant Technology Solutions by 92.6% during the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after purchasing an additional 800 shares during the last quarter. WFG Advisors LP lifted its stake in Cognizant Technology Solutions by 46.4% during the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after purchasing an additional 621 shares during the last quarter. Krilogy Financial LLC bought a new stake in Cognizant Technology Solutions during the second quarter worth about $137,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at about $167,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Cognizant Technology Solutions by 15.7% in the 2nd 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 last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

In other Cognizant Technology Solutions news, Director John Nelson Fox, Jr. sold 19,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $72.00, for a total transaction of $1,404,000.00. Following the transaction, the director now owns 55,090 shares in the company, valued at approximately $3,966,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sumithra Gomatam sold 3,601 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $72.00, for a total value of $259,272.00. Following the transaction, the insider now owns 21,908 shares in the company, valued at approximately $1,577,376. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 578,077 shares of company stock worth $41,690,414. 1.08% of the stock is owned by company insiders.

Cognizant Technology Solutions Corp (NASDAQ CTSH) opened at $72.08 on Friday. Cognizant Technology Solutions Corp has a twelve month low of $51.52 and a twelve month high of $76.51. The stock has a market capitalization of $42,660.00, a PE ratio of 21.44, a P/E/G ratio of 1.62 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 (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, beating analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business earned $0.86 EPS. Cognizant Technology Solutions’s revenue was up 9.1% compared to the same quarter last year. equities analysts forecast that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. Cognizant Technology Solutions’s dividend payout ratio is presently 18.58%.

A number of equities research analysts have recently weighed in on CTSH shares. Royal Bank of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, September 6th. KeyCorp reissued a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, September 8th. Robert W. Baird reissued a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a research note on Sunday, September 10th. Bank of America reissued a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions in a research note on Tuesday, September 12th. Finally, Wedbush reissued an “outperform” rating on shares of Cognizant Technology Solutions in a research note on Monday, September 18th. Six research 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.91.

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Cognizant Technology Solutions 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.

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

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