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Cognizant Technology Solutions Co. (NASDAQ:CTSH) shares acquired by Advisor Group Holdings Inc.

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Advisor Group Holdings Inc. increased its equity stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH – Get Rating) by 30.3% in the first quarter, according to its latest Form 13F filed with the Securities and Exchange Commission . The fund owned his 84,839 shares of information technology service provider shares after purchasing an additional 19,711 of his shares during the period. Advisor Group Holdings Inc.’s holding in Cognizant Technology Solutions was valued at $6,029,000 as of his latest SEC filing.

Several other hedge funds have also changed their holdings. Albion Financial Group UT increased its stake in Cognizant Technology Solutions by 1.0% in the fourth quarter. Albion Financial Group UT now owns 11,994 shares of the information technology service provider worth $1,064,000 after purchasing an additional 117 shares during the previous quarter. Oppenheimer & Co. Inc. increased his Cognizant Technology Solutions stake by 4.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,007 shares of the information technology service provider worth $266,000 after purchasing an additional 124 shares during the previous quarter. Concord Wealth Partners increased its stake in Cognizant Technology Solutions by 8.2% in the first quarter. Concord Wealth Partners now owns 1,826 shares of the information technology service provider worth $164,000 after purchasing an additional 138 shares during the last quarter. MV Capital Management Inc. increased its stake in Cognizant Technology Solutions by 94.8% in the fourth quarter. MV Capital Management Inc. now owns 302 shares of the information technology services provider worth $27,000 after purchasing an additional 147 shares during the previous quarter. Finally, AdvisorNet Financial Inc increased its position in Cognizant Technology Solutions by 44.4% in the first quarter. After purchasing an additional 147 shares during this period, AdvisorNet Financial Inc. now owns 478 shares of the information technology service provider worth $43,000. 90.73% of the shares are owned by hedge funds and other institutional investors.

Stock Performance of Cognizant Technology Solutions

NASDAQ CTSH shares opened Friday at $68.72. The company has an equity ratio of 0.05, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $35.58 billion, a price/earnings ratio of 15.94, a P/E/G ratio of 1.38 and a beta of 1.05. His 50-day simple moving average for this business is $68.76 and his 200-day simple moving average is $78.98. Cognizant Technology Solutions Co. has a 52-week low of $63.26 and a 52-week high of $93.47.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Rating) last published its quarterly earnings data on Wednesday, July 27. The information technology service provider reported his EPS of $1.14 for the quarter, beating analyst consensus expectations of $1.09 by $0.05. The business generated $4.91 billion in revenue for the quarter, compared with analyst estimates of $4.92 billion. Cognizant Technology Solutions had a return on equity of 19.36% and a net profit margin of 11.74%. The company’s revenue for the quarter increased 7.0% year-on-year. In the same quarter last year, the company posted EPS of $0.99 for him. As a group, equity research analysts expect Cognizant Technology Solutions Co. to record earnings per share of 4.54 for the current financial year.

Cognizant Technology Solutions Announces Dividend

The company recently announced a quarterly dividend payable on Tuesday, August 30. Investors of record on Friday, August 19 will be paid a dividend of $0.27 per share. The ex-dividend date for this dividend is August 18 (Thursday). This represents his $1.08 dividend and his 1.57% yield on an annualized basis. Cognizant Technology Solutions payout percentage is 25.06%.

Insider activity at Cognizant Technology Solutions

In related news, EVP Andrew J. Stafford sold 5,867 shares in a transaction that took place on Tuesday, May 10th. The shares sold for an average of $77.24, and the total trading value he had was $453,167.08. Following the closing of the sale, the Executive Vice President now owns 5,872 shares in the company, valued at approximately $453,553.28. The sale was disclosed in SEC filings available on the SEC’s website. In related news, director Michael Patzaros-Fox sold his 5,687 stake in a transaction that occurred on Tuesday, May 17. The shares sold for an average of $74.40, and the total trading value he had was $423,112.80. Following the closing of the sale, the directors now own 57,534 shares of the company’s stock, valued at approximately $4,280,529.60. The sale was disclosed in SEC filings available on the SEC’s website. EVP Andrew J. Stafford also sold 5,867 shares in a transaction that took place on Tuesday, May 10. The shares sold for an average of $77.24 for a total of $453,167.08. After the sale, the Executive Vice President now owns 5,872 shares in the company, valued at approximately $453,553.28. Please see here for the disclosure of this sale. His 0.34% of shares are owned by corporate insiders.

Analyst upgrades and downgrades

Several research firms have recently reviewed CTSH. Cowen downgraded Cognizant Technology Solutions’ rating to “market performance” and lowered the company’s price target from his $86.00 to his $75.00 in a research report on Thursday, July 28. Susquehanna Bancshares lowered its target price for Cognizant Technology Solutions from $100.00 to $98.00 in a research report on Thursday, July 28th. Morgan Stanley lowered its price target on Cognizant Technology Solutions from $75.00 to $65.00 and gave the stock an “equal weight” rating in its research report on Thursday, July 28. Barclays lowered its price target on Cognizant Technology Solutions from $80.00 to $55.00 and assigned an ‘underweight’ rating to the stock in its research report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. downgraded Cognizant Technology Solutions from ‘overweight’ to ‘neutral’ in a research report on Thursday, July 28, setting the company’s price target at 82.00. $ to $77.00. One analyst rated the stock with a sell rating, six issued hold ratings, and four gave the company a buy rating. Based on MarketBeat data, the current consensus rating for the stock is ‘Hold’, with a consensus target price of $84.79.

Cognizant Technology Solutions Company Profile

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Cognizant Technology Solutions Corporation is a professional services company providing consulting, technology and outsourcing services in North America, Europe and internationally. It operates through four segments. healthcare; products and resources; communications, media and technology;

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Cognizant Technology Solutions (NASDAQ:CTSH) Quarterly Institutional Ownership



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