Caldera Capital LLC Sells 56,666 Shares of Cognizant Technology Solutions Corporation (CTSH)

Caldera Capital LLC lessened its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 63.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,405 shares of the information technology service provider’s stock after selling 56,666 shares during the quarter. Cognizant Technology Solutions Corporation accounts for 2.0% of Caldera Capital LLC’s investment portfolio, making the stock its 14th biggest position. Caldera Capital LLC’s holdings in Cognizant Technology Solutions Corporation were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of CTSH. BlackRock Inc. lifted its stake in shares of Cognizant Technology Solutions Corporation by 3,470.1% during the first quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock worth $2,425,316,000 after purchasing an additional 39,606,526 shares in the last quarter. Comgest Global Investors S.A.S. acquired a new position in shares of Cognizant Technology Solutions Corporation during the first quarter worth about $224,748,000. Thrivent Financial For Lutherans lifted its stake in shares of Cognizant Technology Solutions Corporation by 11,666.2% during the first quarter. Thrivent Financial For Lutherans now owns 2,468,550 shares of the information technology service provider’s stock worth $146,928,000 after purchasing an additional 2,447,570 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Cognizant Technology Solutions Corporation by 112.5% during the first quarter. Alliancebernstein L.P. now owns 4,487,749 shares of the information technology service provider’s stock worth $267,111,000 after purchasing an additional 2,375,626 shares in the last quarter. Finally, SRS Investment Management LLC acquired a new position in shares of Cognizant Technology Solutions Corporation during the first quarter worth about $134,797,000. Institutional investors own 87.64% of the company’s stock.

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In other Cognizant Technology Solutions Corporation news, insider Sean Middleton sold 1,460 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $67.39, for a total transaction of $98,389.40. Following the completion of the transaction, the insider now owns 2,308 shares in the company, valued at $155,536.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $73.00, for a total transaction of $1,825,000.00. Following the transaction, the insider now owns 286,923 shares of the company’s stock, valued at approximately $20,945,379. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 282,267 shares of company stock valued at $20,127,629. Corporate insiders own 1.08% of the company’s stock.

A number of brokerages have commented on CTSH. KeyCorp restated a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Friday, September 8th. Bank of America Corporation reiterated a “buy” rating and issued a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday, September 12th. Credit Suisse Group set a $80.00 price target on Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Pacific Crest reiterated an “overweight” rating and issued a $75.00 price target (up previously from $73.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, June 1st. Finally, BidaskClub cut Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $72.30.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 0.11% during trading on Friday, hitting $71.82. The stock had a trading volume of 3,927,830 shares. The stock has a 50-day moving average price of $70.58 and a 200-day moving average price of $65.16. Cognizant Technology Solutions Corporation has a 52 week low of $45.44 and a 52 week high of $73.00. The company has a market cap of $42.42 billion, a PE ratio of 23.04 and a beta of 1.14.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. Equities analysts predict that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were paid 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 was Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio is 19.17%.

Cognizant Technology Solutions Corporation 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.

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

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