Cognizant Technology Solutions Corp (NASDAQ:CTSH) Shares Purchased by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. raised its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,826 shares of the information technology service provider’s stock after buying an additional 514 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Cognizant Technology Solutions were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Field & Main Bank raised its stake in 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 valued at $29,000 after buying an additional 350 shares in the last quarter. Resources Investment Advisors Inc. raised its stake in 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 valued at $36,000 after buying an additional 280 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Cognizant Technology Solutions during the first quarter valued at approximately $37,000. Berman Capital Advisors LLC raised its stake in Cognizant Technology Solutions by 137.7% during the second quarter. Berman Capital Advisors LLC now owns 637 shares of the information technology service provider’s stock valued at $40,000 after buying an additional 369 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC raised its stake in 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 valued at $42,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.

In other Cognizant Technology Solutions news, CEO Brian Humphries acquired 19,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 19,000 shares of the company’s stock, valued at approximately $1,160,710. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert Telesmanic sold 2,484 shares of the 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 completion of the transaction, 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. Insiders sold a total of 47,120 shares of company stock valued at $2,960,866 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Several analysts have issued reports on the company. Daiwa Capital Markets cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. lowered Cognizant Technology Solutions from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $83.00 to $65.00 in a report on Friday, May 3rd. ValuEngine raised Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Wedbush lowered Cognizant Technology Solutions from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $70.00 in a report on Friday, May 3rd. Finally, UBS Group lowered Cognizant Technology Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the company from $62.00 to $60.00 in a report on Friday, August 2nd. Five 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.48.

CTSH stock traded down $1.50 on Friday, reaching $62.46. The company’s stock had a trading volume of 3,166,642 shares, compared to its average volume of 3,471,819. Cognizant Technology Solutions Corp has a 52 week low of $56.73 and a 52 week high of $78.59. The company has a market capitalization of $35.32 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.60 and a beta of 1.01. The business has a fifty day simple moving average of $64.60. 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 issued its quarterly earnings data on Wednesday, July 31st. The information technology service provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that Cognizant Technology Solutions Corp will post 3.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 22nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, August 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 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.

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

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