5,000 Shares in Cognizant Technology Solutions Co. (NASDAQ:CTSH) Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. purchased a new stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,000 shares of the information technology service provider’s stock, valued at approximately $386,000.

Several other large investors also recently made changes to their positions in the business. Blair William & Co. IL raised its position in shares of Cognizant Technology Solutions by 2.5% during the first quarter. Blair William & Co. IL now owns 16,795 shares of the information technology service provider’s stock worth $1,231,000 after purchasing an additional 412 shares during the period. Duality Advisers LP purchased a new stake in Cognizant Technology Solutions during the first quarter valued at about $1,687,000. Norden Group LLC acquired a new position in shares of Cognizant Technology Solutions in the first quarter worth about $233,000. Van ECK Associates Corp increased its position in shares of Cognizant Technology Solutions by 15.4% in the first quarter. Van ECK Associates Corp now owns 147,345 shares of the information technology service provider’s stock worth $10,799,000 after acquiring an additional 19,690 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Cognizant Technology Solutions by 8.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 650,385 shares of the information technology service provider’s stock valued at $47,667,000 after acquiring an additional 53,061 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH opened at $76.07 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $37.82 billion, a P/E ratio of 18.29, a PEG ratio of 2.16 and a beta of 1.05. The company has a fifty day moving average price of $76.53 and a 200 day moving average price of $71.77. Cognizant Technology Solutions Co. has a one year low of $62.14 and a one year high of $80.27.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 31st. The information technology service provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. Cognizant Technology Solutions had a return on equity of 17.31% and a net margin of 11.39%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. Analysts anticipate that Cognizant Technology Solutions Co. will post 4.62 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, August 20th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.85%.

Analyst Ratings Changes

CTSH has been the topic of several research analyst reports. Daiwa America upgraded shares of Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, August 27th. Jefferies Financial Group started coverage on Cognizant Technology Solutions in a research report on Wednesday, August 28th. They set a “buy” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Robert W. Baird upped their target price on Cognizant Technology Solutions from $75.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $77.58.

Insider Transactions at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 6,728 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $73.66, for a total value of $495,584.48. Following the sale, the chief executive officer now owns 46,427 shares of the company’s stock, valued at $3,419,812.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.