Compton Capital Management Inc. RI Sells 500 Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Compton Capital Management Inc. RI trimmed its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,974 shares of the information technology service provider’s stock after selling 500 shares during the period. Compton Capital Management Inc. RI’s holdings in Cognizant Technology Solutions were worth $696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTSH. Field & Main Bank grew its stake in shares of Cognizant Technology Solutions by 350.0% during the 2nd quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 350 shares during the period. Resources Investment Advisors Inc. grew its stake in shares of Cognizant Technology Solutions by 125.6% during the 1st quarter. Resources Investment Advisors Inc. now owns 503 shares of the information technology service provider’s stock valued at $36,000 after acquiring an additional 280 shares during the period. Penserra Capital Management LLC bought a new position in shares of Cognizant Technology Solutions during the 1st quarter valued at approximately $37,000. Nelson Roberts Investment Advisors LLC grew its stake in shares of Cognizant Technology Solutions by 7,175.0% during the 1st quarter. Nelson Roberts Investment Advisors LLC now owns 582 shares of the information technology service provider’s stock valued at $42,000 after acquiring an additional 574 shares during the period. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Cognizant Technology Solutions by 51.3% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 584 shares of the information technology service provider’s stock valued at $42,000 after acquiring an additional 198 shares during the period. Institutional investors own 91.52% of the company’s stock.

A number of brokerages recently issued reports on CTSH. Zacks Investment Research downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research note on Thursday, September 5th. UBS Group downgraded Cognizant Technology Solutions from a “neutral” rating to a “sell” rating and cut their price objective for the company from $62.00 to $60.00 in a research note on Friday, August 2nd. TheStreet upgraded Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, July 23rd. ValuEngine upgraded Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, HSBC downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.45.

In related news, CFO Karen Mcloughlin sold 1,523 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $64.92, for a total value of $98,873.16. Following the transaction, the chief financial officer now directly owns 66,043 shares of the company’s stock, valued at approximately $4,287,511.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Telesmanic sold 2,484 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $65.00, for a total value of $161,460.00. Following the sale, the senior vice president now directly owns 7,337 shares in the company, valued at $476,905. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,621 shares of company stock worth $2,697,288. 0.56% of the stock is owned by insiders.

NASDAQ CTSH traded down $0.51 during trading hours on Friday, reaching $64.33. The company’s stock had a trading volume of 2,641,553 shares, compared to its average volume of 2,584,194. The firm’s 50-day moving average price is $62.73 and its 200-day moving average price is $65.90. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Cognizant Technology Solutions Corp has a 1 year low of $56.73 and a 1 year high of $77.87. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.63 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, July 31st. The information technology service provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. Cognizant Technology Solutions had a return on equity of 20.52% and a net margin of 12.61%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Cognizant Technology Solutions Corp will post 3.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. Cognizant Technology Solutions’s dividend payout ratio is presently 19.90%.

Cognizant Technology Solutions Company 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.

Further Reading: Hedge Funds – Risk or Reward?

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

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