DE Burlo Group Inc. Has $1.12 Million Position in Cognizant Technology Solutions Corp (CTSH)

DE Burlo Group Inc. trimmed its position in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 86.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,800 shares of the information technology service provider’s stock after selling 100,900 shares during the period. DE Burlo Group Inc.’s holdings in Cognizant Technology Solutions were worth $1,122,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Edgewood Management LLC raised its position in shares of Cognizant Technology Solutions by 9.3% in the 3rd quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock valued at $1,227,063,000 after acquiring an additional 1,443,368 shares during the period. Nordea Investment Management AB raised its holdings in Cognizant Technology Solutions by 3.2% during the 3rd quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock worth $730,914,000 after buying an additional 313,364 shares during the period. Comgest Global Investors S.A.S. raised its holdings in Cognizant Technology Solutions by 24.5% during the 3rd 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 during the period. Swedbank raised its holdings in Cognizant Technology Solutions by 1.8% during the 3rd quarter. Swedbank now owns 6,621,266 shares of the information technology service provider’s stock worth $480,307,000 after buying an additional 116,263 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Cognizant Technology Solutions by 21.7% during the 3rd quarter. Schroder Investment Management Group now owns 3,984,247 shares of the information technology service provider’s stock worth $287,424,000 after buying an additional 710,987 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

In related news, CEO Francisco Dsouza sold 482,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total value of $34,723,280.00. Following the completion of the transaction, the chief executive officer now directly owns 621,643 shares of the company’s stock, valued at $44,783,161.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sumithra Gomatam sold 2,625 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $76.00, for a total transaction of $199,500.00. Following the completion of the transaction, the insider now directly owns 40,979 shares of the company’s stock, valued at $3,114,404. The disclosure for this sale can be found here. Insiders sold 994,079 shares of company stock worth $73,129,749 over the last quarter. 1.08% of the stock is owned by corporate insiders.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $78.11 on Wednesday. The company has a quick ratio of 3.29, a current ratio of 3.21 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corp has a fifty-two week low of $57.00 and a fifty-two week high of $79.28. The stock has a market cap of $45,656.21, a P/E ratio of 21.81, a PEG ratio of 1.47 and a beta of 1.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. sell-side analysts predict that Cognizant Technology Solutions Corp will post 4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 21st. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 23.72%.

Several brokerages have commented on CTSH. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 target price on the stock in a report on Wednesday, November 29th. Loop Capital raised their target price on shares of Cognizant Technology Solutions to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. BidaskClub upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, BMO Capital Markets raised their target price on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $84.32.

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About Cognizant Technology Solutions

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.

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

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