Triodos Investment Management BV Sells 17,690 Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Triodos Investment Management BV trimmed its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,810 shares of the information technology service provider’s stock after selling 17,690 shares during the quarter. Cognizant Technology Solutions accounts for about 3.1% of Triodos Investment Management BV’s portfolio, making the stock its 15th largest position. Triodos Investment Management BV’s holdings in Cognizant Technology Solutions were worth $12,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CTSH. North Star Investment Management Corp. acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at $25,000. Field & Main Bank lifted its position in shares of Cognizant Technology Solutions by 350.0% during the 2nd quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Berman Capital Advisors LLC lifted its position in shares of Cognizant Technology Solutions by 137.7% during the 2nd quarter. Berman Capital Advisors LLC now owns 637 shares of the information technology service provider’s stock valued at $40,000 after acquiring an additional 369 shares during the period. Citizens Financial Group Inc RI lifted its position in shares of Cognizant Technology Solutions by 35.3% during the 2nd quarter. Citizens Financial Group Inc RI now owns 716 shares of the information technology service provider’s stock valued at $46,000 after acquiring an additional 187 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its position in shares of Cognizant Technology Solutions by 52.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 892 shares of the information technology service provider’s stock valued at $57,000 after acquiring an additional 308 shares during the period. 91.23% of the stock is currently owned by hedge funds and other institutional investors.

In other Cognizant Technology Solutions news, Director John E. Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $61.13, for a total value of $611,300.00. Following the completion of the transaction, the director now owns 459,987 shares of the company’s stock, valued at approximately $28,119,005.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Allen Shaheen sold 975 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $64.30, for a total value of $62,692.50. Following the completion of the transaction, the executive vice president now directly owns 2,010 shares of the company’s stock, valued at approximately $129,243. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,823 shares of company stock valued at $1,169,337. 0.56% of the stock is owned by insiders.

Cognizant Technology Solutions stock traded down $0.17 on Friday, hitting $62.86. 1,858,000 shares of the stock traded hands, compared to its average volume of 4,136,774. Cognizant Technology Solutions Corp has a 1 year low of $56.73 and a 1 year high of $74.85. The firm has a market cap of $34.28 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $60.68 and its 200 day simple moving average is $62.73.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.21 billion. Cognizant Technology Solutions had a return on equity of 20.23% and a net margin of 12.60%. Cognizant Technology Solutions’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, analysts predict that Cognizant Technology Solutions Corp will post 3.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 19.90%.

CTSH has been the topic of a number of research reports. TheStreet upgraded shares of Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, July 23rd. Barclays lowered their price objective on shares of Cognizant Technology Solutions from $64.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Citigroup lowered their price objective on shares of Cognizant Technology Solutions from $76.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, October 14th. UBS Group downgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $62.00 to $60.00 in a report on Friday, August 2nd. Finally, BidaskClub downgraded shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $71.48.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.

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

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