Public Employees Retirement System of Ohio Has $30.38 Million Holdings in Cognizant Technology Solutions Corp (CTSH)

Public Employees Retirement System of Ohio grew its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,719 shares of the information technology service provider’s stock after buying an additional 4,631 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of Cognizant Technology Solutions worth $30,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CTSH. Hosking Partners LLP grew its position in shares of Cognizant Technology Solutions by 7.4% during the fourth quarter. Hosking Partners LLP now owns 286,742 shares of the information technology service provider’s stock worth $20,364,000 after purchasing an additional 19,825 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth about $471,000. Cetera Advisors LLC grew its position in shares of Cognizant Technology Solutions by 269.0% during the fourth quarter. Cetera Advisors LLC now owns 20,770 shares of the information technology service provider’s stock worth $1,466,000 after purchasing an additional 15,142 shares in the last quarter. Barings LLC grew its position in shares of Cognizant Technology Solutions by 506.2% during the fourth quarter. Barings LLC now owns 38,639 shares of the information technology service provider’s stock worth $2,744,000 after purchasing an additional 32,265 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Cognizant Technology Solutions by 221.5% during the fourth quarter. Sei Investments Co. now owns 272,134 shares of the information technology service provider’s stock worth $19,327,000 after purchasing an additional 187,476 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

In related news, CEO Francisco Dsouza sold 482,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the completion of the sale, the chief executive officer now directly owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.44, for a total value of $1,886,000.00. Following the sale, the insider now directly owns 271,300 shares of the company’s stock, valued at $20,466,872. The disclosure for this sale can be found here. Insiders sold a total of 1,111,296 shares of company stock valued at $82,190,888 over the last ninety days. Corporate insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (CTSH) opened at $79.82 on Thursday. The stock has a market capitalization of $46,057.17, a P/E ratio of 31.55, a PEG ratio of 1.47 and a beta of 1.11. Cognizant Technology Solutions Corp has a one year low of $57.00 and a one year high of $80.13. The company has a quick ratio of 3.29, a current ratio of 3.21 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. sell-side analysts predict that Cognizant Technology Solutions Corp will post 4.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.00%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, February 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 23.72%.

CTSH has been the subject of several research analyst reports. SunTrust Banks reiterated a “buy” rating and set a $85.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $89.00 target price (up previously from $80.00) on shares of Cognizant Technology Solutions in a research report on Thursday, November 2nd. Citigroup increased their target price on Cognizant Technology Solutions from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. BidaskClub upgraded Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Morgan Stanley increased their target price on Cognizant Technology Solutions from $77.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cognizant Technology Solutions has an average rating of “Buy” and a consensus price target of $84.32.

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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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