Executive Wealth Management LLC Buys 1,221 Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Executive Wealth Management LLC increased its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,746 shares of the information technology service provider’s stock after buying an additional 1,221 shares during the quarter. Executive Wealth Management LLC’s holdings in Cognizant Technology Solutions were worth $998,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State of Tennessee Treasury Department boosted its position in Cognizant Technology Solutions by 54.0% in the first quarter. State of Tennessee Treasury Department now owns 231,079 shares of the information technology service provider’s stock worth $16,742,000 after purchasing an additional 81,027 shares during the last quarter. Signition LP purchased a new position in Cognizant Technology Solutions in the first quarter worth $593,000. FMR LLC lifted its position in shares of Cognizant Technology Solutions by 21.9% during the 1st quarter. FMR LLC now owns 15,767,608 shares of the information technology service provider’s stock valued at $1,142,362,000 after buying an additional 2,827,833 shares during the last quarter. Exane Derivatives lifted its position in shares of Cognizant Technology Solutions by 16,331.5% during the 1st quarter. Exane Derivatives now owns 29,248 shares of the information technology service provider’s stock valued at $2,118,000 after buying an additional 29,070 shares during the last quarter. Finally, Motco lifted its position in shares of Cognizant Technology Solutions by 5.9% during the 1st quarter. Motco now owns 68,773 shares of the information technology service provider’s stock valued at $4,982,000 after buying an additional 3,857 shares during the last quarter. Institutional investors and hedge funds own 88.41% of the company’s stock.

CTSH has been the topic of a number of recent research reports. Bank of America reaffirmed an “underperform” rating and set a $57.00 price target (down previously from $71.00) on shares of Cognizant Technology Solutions in a research report on Monday, May 6th. Argus cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Zacks Investment Research cut Cognizant Technology Solutions from a “hold” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Wednesday, July 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $75.00 price target (down previously from $87.00) on shares of Cognizant Technology Solutions in a research report on Friday, May 3rd. Finally, William Blair cut Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus target price of $74.48.



Shares of NASDAQ:CTSH traded up $0.35 during midday trading on Thursday, reaching $61.00. 77,431 shares of the company traded hands, compared to its average volume of 3,491,923. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Cognizant Technology Solutions Corp has a 12 month low of $56.73 and a 12 month high of $78.59. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The business’s fifty day moving average price is $64.35.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 31st. The information technology service provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Cognizant Technology Solutions had a return on equity of 20.52% and a net margin of 12.61%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Cognizant Technology Solutions Corp will post 3.96 earnings per share for the current year.

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

In other Cognizant Technology Solutions news, insider Malcolm Frank sold 685 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $60.52, for a total value of $41,456.20. Following the transaction, the insider now directly owns 28,886 shares in the company, valued at approximately $1,748,180.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Telesmanic sold 3,343 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $60.00, for a total value of $200,580.00. Following the completion of the transaction, the senior vice president now owns 7,337 shares in the company, valued at $440,220. The disclosure for this sale can be found here. Insiders sold a total of 47,120 shares of company stock worth $2,960,866 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

About Cognizant Technology Solutions

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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