P.A.W. Capital Corp held its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the information technology service provider’s stock at the end of the second quarter. Cognizant Technology Solutions Corporation comprises approximately 1.7% of P.A.W. Capital Corp’s portfolio, making the stock its 25th largest position. P.A.W. Capital Corp’s holdings in Cognizant Technology Solutions Corporation were worth $1,660,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Moreno Evelyn V boosted its position in Cognizant Technology Solutions Corporation by 15.7% in the first quarter. Moreno Evelyn V now owns 136,275 shares of the information technology service provider’s stock valued at $8,111,000 after buying an additional 18,540 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Cognizant Technology Solutions Corporation by 13.8% in the first quarter. CENTRAL TRUST Co now owns 6,368 shares of the information technology service provider’s stock valued at $379,000 after buying an additional 770 shares during the last quarter. Pensionfund DSM Netherlands boosted its stake in shares of Cognizant Technology Solutions Corporation by 3.3% in the first quarter. Pensionfund DSM Netherlands now owns 62,400 shares of the information technology service provider’s stock valued at $3,714,000 after buying an additional 2,000 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Cognizant Technology Solutions Corporation by 173.9% in the first quarter. Private Advisor Group LLC now owns 30,271 shares of the information technology service provider’s stock valued at $1,219,000 after buying an additional 19,218 shares during the last quarter. Finally, Regentatlantic Capital LLC boosted its stake in shares of Cognizant Technology Solutions Corporation by 7.9% in the first quarter. Regentatlantic Capital LLC now owns 11,718 shares of the information technology service provider’s stock valued at $697,000 after buying an additional 861 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.
Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down 1.41% during trading on Thursday, reaching $70.01. The company had a trading volume of 3,094,084 shares. The firm has a market capitalization of $41.35 billion, a PE ratio of 22.46 and a beta of 1.17. Cognizant Technology Solutions Corporation has a 12-month low of $45.44 and a 12-month high of $71.57. The firm’s 50 day moving average price is $68.52 and its 200 day moving average price is $62.51.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. Cognizant Technology Solutions Corporation’s payout ratio is 19.17%.
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Several equities research analysts recently commented on CTSH shares. Needham & Company LLC boosted their price target on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research cut Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr cut Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 target price for the company. in a research report on Monday, May 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, May 31st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $67.00 target price on shares of Cognizant Technology Solutions Corporation in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Cognizant Technology Solutions Corporation has an average rating of “Buy” and an average price target of $70.02.
In other news, insider Venkat Krishnaswamy sold 4,205 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $66.75, for a total value of $280,683.75. Following the transaction, the insider now owns 13,540 shares in the company, valued at $903,795. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sean Middleton sold 1,890 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $65.00, for a total value of $122,850.00. Following the completion of the sale, the insider now directly owns 2,108 shares in the company, valued at $137,020. The disclosure for this sale can be found here. Insiders have sold 77,528 shares of company stock worth $5,306,449 in the last 90 days. Company insiders own 1.08% of the company’s stock.
Cognizant Technology Solutions Corporation Company Profile
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.
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