Rational Advisors LLC Acquires New Holdings in Cognizant Technology Solutions Corp (CTSH)

Rational Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the information technology service provider’s stock, valued at approximately $178,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTSH. Harding Loevner LP lifted its holdings in shares of Cognizant Technology Solutions by 2,085,162.4% in the third quarter. Harding Loevner LP now owns 3,544,946 shares of the information technology service provider’s stock worth $142,254,000 after buying an additional 3,544,776 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Cognizant Technology Solutions by 241.2% in the fourth quarter. APG Asset Management N.V. now owns 3,580,820 shares of the information technology service provider’s stock worth $211,784,000 after buying an additional 2,531,494 shares in the last quarter. Genesis Asset Managers LLP lifted its holdings in shares of Cognizant Technology Solutions by 92.3% in the fourth quarter. Genesis Asset Managers LLP now owns 3,738,507 shares of the information technology service provider’s stock worth $265,509,000 after buying an additional 1,794,164 shares in the last quarter. Comgest Global Investors S.A.S. lifted its holdings in shares of Cognizant Technology Solutions by 24.5% in the third quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock worth $538,001,000 after buying an additional 1,461,800 shares in the last quarter. Finally, Edgewood Management LLC lifted its holdings in shares of Cognizant Technology Solutions by 9.3% in the third quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock worth $1,227,063,000 after buying an additional 1,443,368 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

In other Cognizant Technology Solutions news, President Rajeev Mehta sold 34,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $79.13, for a total transaction of $2,690,420.00. Following the transaction, the president now directly owns 35,020 shares in the company, valued at $2,771,132.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francisco Dsouza sold 482,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the transaction, the chief executive officer now owns 621,643 shares in the company, valued at $44,783,161.72. The disclosure for this sale can be found here. Insiders have sold 1,111,296 shares of company stock worth $82,190,888 over the last quarter. Company insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corp (CTSH) opened at $79.82 on Thursday. Cognizant Technology Solutions Corp has a 52-week low of $57.00 and a 52-week high of $80.13. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21. The company has a market cap of $46,057.17, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.47 and a beta of 1.11.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.20 per share. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, February 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 23.72%.

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

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

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