Qube Research & Technologies Ltd Grows Holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH)

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Qube Research & Technologies Ltd increased its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,558 shares of the information technology service provider’s stock after buying an additional 672 shares during the period. Qube Research & Technologies Ltd’s holdings in Cognizant Technology Solutions were worth $1,367,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lenox Wealth Management Inc. boosted its position in Cognizant Technology Solutions by 15.0% during the first quarter. Lenox Wealth Management Inc. now owns 1,102 shares of the information technology service provider’s stock valued at $80,000 after purchasing an additional 144 shares in the last quarter. LS Investment Advisors LLC boosted its position in Cognizant Technology Solutions by 1.0% during the first quarter. LS Investment Advisors LLC now owns 18,534 shares of the information technology service provider’s stock valued at $1,343,000 after purchasing an additional 177 shares in the last quarter. National Asset Management Inc. boosted its position in Cognizant Technology Solutions by 2.7% during the first quarter. National Asset Management Inc. now owns 6,787 shares of the information technology service provider’s stock valued at $492,000 after purchasing an additional 181 shares in the last quarter. NEXT Financial Group Inc boosted its position in Cognizant Technology Solutions by 18.9% during the second quarter. NEXT Financial Group Inc now owns 1,184 shares of the information technology service provider’s stock valued at $75,000 after purchasing an additional 188 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in Cognizant Technology Solutions by 1.6% during the second quarter. Anchor Capital Advisors LLC now owns 12,215 shares of the information technology service provider’s stock valued at $774,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 88.41% of the company’s stock.

In other news, CEO Brian Humphries acquired 19,000 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $61.09 per share, for a total transaction of $1,160,710.00. Following the completion of the purchase, the chief executive officer now directly owns 19,000 shares in the company, valued at approximately $1,160,710. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Allen Shaheen sold 1,369 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $60.16, for a total value of $82,359.04. Following the completion of the transaction, the executive vice president now owns 3,073 shares of the company’s stock, valued at $184,871.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,120 shares of company stock valued at $2,960,866. Company insiders own 0.56% of the company’s stock.

A number of equities research analysts recently weighed in on CTSH shares. HSBC downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $72.00 to $70.00 in a research report on Tuesday, July 23rd. ValuEngine raised Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. BMO Capital Markets dropped their price objective on Cognizant Technology Solutions from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Zacks Investment Research downgraded Cognizant Technology Solutions from a “hold” rating to a “sell” rating and set a $68.00 price objective on the stock. in a research report on Wednesday, July 3rd. Finally, Nomura downgraded Cognizant Technology Solutions to a “hold” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $74.48.

NASDAQ CTSH traded up $0.64 during trading on Friday, hitting $61.22. The company’s stock had a trading volume of 2,222,900 shares, compared to its average volume of 3,698,055. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market cap of $33.46 billion, a PE ratio of 15.23, a P/E/G ratio of 1.51 and a beta of 1.01. The business’s 50 day simple moving average is $64.26 and its 200-day simple moving average is $67.23. Cognizant Technology Solutions Corp has a fifty-two week low of $56.73 and a fifty-two week high of $78.59.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 31st. The information technology service provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.13 billion. Cognizant Technology Solutions had a return on equity of 20.52% and a net margin of 12.61%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Analysts expect that Cognizant Technology Solutions Corp will post 3.96 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Wednesday, August 21st. Cognizant Technology Solutions’s payout ratio is 19.90%.

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.

Further Reading: What is the Quick Ratio?

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

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