Cognizant Technology Solutions Corp (CTSH) Holdings Raised by FinTrust Capital Advisors LLC

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FinTrust Capital Advisors LLC raised its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 12.6% during the first quarter, HoldingsChannel.com reports. The fund owned 5,900 shares of the information technology service provider’s stock after buying an additional 661 shares during the period. FinTrust Capital Advisors LLC’s holdings in Cognizant Technology Solutions were worth $427,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. raised its holdings in Cognizant Technology Solutions by 6.3% during the first quarter. Vantage Financial Partners Ltd. Inc. now owns 3,400 shares of the information technology service provider’s stock valued at $246,000 after acquiring an additional 200 shares during the period. Linscomb & Williams Inc. grew its position in shares of Cognizant Technology Solutions by 22.2% during the first quarter. Linscomb & Williams Inc. now owns 6,435 shares of the information technology service provider’s stock valued at $466,000 after purchasing an additional 1,168 shares in the last quarter. Marietta Wealth Management LLC grew its position in shares of Cognizant Technology Solutions by 11.3% during the first quarter. Marietta Wealth Management LLC now owns 31,601 shares of the information technology service provider’s stock valued at $2,289,000 after purchasing an additional 3,212 shares in the last quarter. Oak Associates Ltd. OH grew its position in shares of Cognizant Technology Solutions by 6.2% during the first quarter. Oak Associates Ltd. OH now owns 262,084 shares of the information technology service provider’s stock valued at $18,988,000 after purchasing an additional 15,248 shares in the last quarter. Finally, Synovus Financial Corp grew its position in shares of Cognizant Technology Solutions by 6.5% during the first quarter. Synovus Financial Corp now owns 65,428 shares of the information technology service provider’s stock valued at $4,731,000 after purchasing an additional 4,010 shares in the last quarter. 89.27% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on CTSH shares. Zacks Investment Research lowered Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. KeyCorp lifted their price target on Cognizant Technology Solutions from $79.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, February 7th. Goldman Sachs Group lowered Cognizant Technology Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $84.00 to $64.00 in a research report on Friday, May 3rd. Oppenheimer lowered Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 6th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $75.55.

In related news, COO Srinivasan Veeraraghavachary sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $74.00, for a total value of $148,000.00. Following the completion of the transaction, the chief operating officer now owns 38,992 shares of the company’s stock, valued at $2,885,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Humphries acquired 19,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $61.09 per share, with a total value of $1,160,710.00. Following the purchase, the chief executive officer now directly owns 19,000 shares of the company’s stock, valued at $1,160,710. The disclosure for this purchase can be found here. Insiders sold 47,820 shares of company stock valued at $3,402,075 in the last three months. 0.56% of the stock is currently owned by insiders.

Cognizant Technology Solutions stock opened at $61.87 on Monday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.12. Cognizant Technology Solutions Corp has a fifty-two week low of $56.73 and a fifty-two week high of $83.35. The company has a market cap of $35.22 billion, a PE ratio of 15.39, a P/E/G ratio of 1.57 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, May 2nd. The information technology service provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.16 billion. Cognizant Technology Solutions had a return on equity of 21.50% and a net margin of 12.39%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. On average, sell-side analysts predict that Cognizant Technology Solutions Corp will post 3.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 22nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, May 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 19.90%.

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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 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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Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Corp (NASDAQ:CTSH).

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

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