Cognizant Technology Solutions Corp (CTSH) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd cut its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,187 shares of the information technology service provider’s stock after selling 753 shares during the quarter. WINTON GROUP Ltd’s holdings in Cognizant Technology Solutions were worth $666,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Zeke Capital Advisors LLC increased its stake in Cognizant Technology Solutions by 92.5% during the third quarter. Zeke Capital Advisors LLC now owns 9,614 shares of the information technology service provider’s stock worth $697,000 after acquiring an additional 4,620 shares during the last quarter. Amalgamated Bank grew its stake in shares of Cognizant Technology Solutions by 2.2% in the third quarter. Amalgamated Bank now owns 70,620 shares of the information technology service provider’s stock valued at $5,123,000 after buying an additional 1,547 shares in the last quarter. Twin Capital Management Inc. grew its stake in shares of Cognizant Technology Solutions by 25.3% in the third quarter. Twin Capital Management Inc. now owns 126,340 shares of the information technology service provider’s stock valued at $9,165,000 after buying an additional 25,480 shares in the last quarter. Axiom International Investors LLC DE acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $202,000. Finally, Schroder Investment Management Group grew its stake in shares of Cognizant Technology Solutions by 21.7% in the third quarter. Schroder Investment Management Group now owns 3,984,247 shares of the information technology service provider’s stock valued at $287,424,000 after buying an additional 710,987 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $78.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Oppenheimer reiterated a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Needham & Company LLC upgraded Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and increased their target price for the company from $78.00 to $90.00 in a research note on Wednesday, November 1st. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $89.00 target price (up previously from $80.00) on shares of Cognizant Technology Solutions in a research note on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $81.91.

In other Cognizant Technology Solutions news, insider Sumithra Gomatam sold 3,163 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $76.00, for a total transaction of $240,388.00. Following the transaction, the insider now owns 6,346 shares of the company’s stock, valued at approximately $482,296. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Venkat Krishnaswamy sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $75.00, for a total value of $300,000.00. Following the completion of the sale, the insider now directly owns 3,919 shares in the company, valued at approximately $293,925. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,317 shares of company stock worth $46,964,889. 1.08% of the stock is currently owned by company insiders.

Cognizant Technology Solutions Corp (CTSH) opened at $71.50 on Thursday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corp has a 1-year low of $51.52 and a 1-year high of $76.51. The company has a market capitalization of $41,463.84, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the business posted $0.86 EPS. Cognizant Technology Solutions’s quarterly revenue was up 9.1% compared to the same quarter last year. sell-side analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio is presently 18.52%.

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Cognizant Technology Solutions Company 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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