Cognizant Technology Solutions Corp (CTSH) Stake Lessened by Winslow Capital Management LLC

Winslow Capital Management LLC lessened its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,936,927 shares of the information technology service provider’s stock after selling 125,929 shares during the quarter. Winslow Capital Management LLC’s holdings in Cognizant Technology Solutions were worth $236,422,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Linscomb & Williams Inc. raised its stake in shares of Cognizant Technology Solutions by 16.6% in the 1st quarter. Linscomb & Williams Inc. now owns 4,668 shares of the information technology service provider’s stock valued at $376,000 after purchasing an additional 664 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Cognizant Technology Solutions by 2.4% in the 1st quarter. Federated Investors Inc. PA now owns 29,089 shares of the information technology service provider’s stock valued at $2,341,000 after purchasing an additional 673 shares in the last quarter. Robecosam AG raised its stake in Cognizant Technology Solutions by 0.5% during the fourth quarter. Robecosam AG now owns 130,917 shares of the information technology service provider’s stock worth $9,346,000 after acquiring an additional 686 shares during the period. D.A. Davidson & CO. raised its stake in Cognizant Technology Solutions by 1.3% during the first quarter. D.A. Davidson & CO. now owns 55,162 shares of the information technology service provider’s stock worth $4,441,000 after acquiring an additional 702 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Cognizant Technology Solutions by 0.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 89,043 shares of the information technology service provider’s stock worth $6,371,000 after acquiring an additional 743 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. ValuEngine lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, May 1st. Pivotal Research reiterated a “buy” rating and set a $91.00 price objective on shares of Cognizant Technology Solutions in a research note on Monday, May 7th. Finally, Morgan Stanley dropped their price objective on shares of Cognizant Technology Solutions to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Cognizant Technology Solutions currently has an average rating of “Buy” and a consensus price target of $85.34.

In related news, EVP James Patrick Lennox sold 959 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $83.64, for a total transaction of $80,210.76. Following the completion of the sale, the executive vice president now directly owns 5,203 shares in the company, valued at $435,178.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gajakarnan Vibushanan Kandiah sold 1,519 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $84.62, for a total transaction of $128,537.78. Following the sale, the insider now owns 10,584 shares of the company’s stock, valued at $895,618.08. The disclosure for this sale can be found here. Insiders sold 13,926 shares of company stock valued at $1,154,807 over the last quarter. Insiders own 0.60% of the company’s stock.

Shares of Cognizant Technology Solutions stock traded down $0.09 on Thursday, hitting $78.05. The company had a trading volume of 10,790 shares, compared to its average volume of 3,315,780. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.64. The stock has a market capitalization of $45.13 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Cognizant Technology Solutions Corp has a 52 week low of $65.59 and a 52 week high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Monday, May 7th. The information technology service provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 20.48%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. analysts forecast that Cognizant Technology Solutions Corp will post 4.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 22nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Monday, May 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 22.66%.

Cognizant Technology Solutions 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 business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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

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