Tdam USA Inc. Sells 495 Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Tdam USA Inc. lessened its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 9.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,577 shares of the information technology service provider’s stock after selling 495 shares during the quarter. Tdam USA Inc.’s holdings in Cognizant Technology Solutions were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Field & Main Bank lifted its holdings in shares of Cognizant Technology Solutions by 350.0% during the second quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 350 shares during the period. Resources Investment Advisors Inc. lifted its holdings in shares of Cognizant Technology Solutions by 125.6% during the first quarter. Resources Investment Advisors Inc. now owns 503 shares of the information technology service provider’s stock worth $36,000 after purchasing an additional 280 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Cognizant Technology Solutions during the first quarter worth $37,000. Nelson Roberts Investment Advisors LLC lifted its holdings in shares of Cognizant Technology Solutions by 7,175.0% during the first quarter. Nelson Roberts Investment Advisors LLC now owns 582 shares of the information technology service provider’s stock worth $42,000 after purchasing an additional 574 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its holdings in shares of Cognizant Technology Solutions by 51.3% during the first quarter. YorkBridge Wealth Partners LLC now owns 584 shares of the information technology service provider’s stock worth $42,000 after purchasing an additional 198 shares during the period. 88.41% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Brian Humphries acquired 19,000 shares of Cognizant Technology Solutions stock in a transaction 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 transaction, the chief executive officer now owns 19,000 shares of the company’s stock, valued at approximately $1,160,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Telesmanic sold 2,484 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $65.00, for a total transaction of $161,460.00. Following the completion of the sale, the senior vice president now directly owns 7,337 shares of the company’s stock, valued at $476,905. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,120 shares of company stock valued at $2,960,866. 0.56% of the stock is currently owned by insiders.

Shares of NASDAQ CTSH traded down $0.04 during trading on Thursday, hitting $60.61. 1,003,327 shares of the company traded hands, compared to its average volume of 3,491,923. The firm has a fifty day moving average of $64.35. Cognizant Technology Solutions Corp has a fifty-two week low of $56.73 and a fifty-two week high of $78.59. The firm has a market cap of $33.78 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 2.55.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 31st. The information technology service provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Cognizant Technology Solutions had a net margin of 12.61% and a return on equity of 20.52%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts expect that Cognizant Technology Solutions Corp will post 3.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. Cognizant Technology Solutions’s dividend payout ratio is currently 19.90%.

A number of brokerages have recently commented on CTSH. ValuEngine upgraded shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Needham & Company LLC lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Oppenheimer lowered shares of Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating in a report on Friday, May 3rd. TheStreet upgraded shares of Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research lowered shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating and set a $68.00 target price on the stock. in a report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. Cognizant Technology Solutions currently has an average rating of “Hold” and an average price target of $74.48.

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

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