First Financial Bank Trust Division Has $446,000 Stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

First Financial Bank Trust Division cut its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,710 shares of the information technology service provider’s stock after selling 67 shares during the period. First Financial Bank Trust Division’s holdings in Cognizant Technology Solutions Corporation were worth $446,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Moreno Evelyn V increased 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 increased its position in 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 period. Pensionfund DSM Netherlands increased its position in 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 period. Private Advisor Group LLC increased its position in 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 period. Finally, Regentatlantic Capital LLC increased its position in 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 period. Institutional investors own 88.68% of the company’s stock.

Cognizant Technology Solutions Corporation (CTSH) traded down 0.24% on Friday, reaching $70.07. The company’s stock had a trading volume of 2,636,572 shares. The stock’s 50 day moving average price is $69.29 and its 200 day moving average price is $63.21. Cognizant Technology Solutions Corporation has a 12 month low of $45.44 and a 12 month high of $72.07. The company has a market cap of $41.38 billion, a P/E ratio of 22.48 and a beta of 1.17.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $0.87 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio is currently 19.17%.

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Several equities analysts recently commented on CTSH shares. Needham & Company LLC raised their target price on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research cut Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Vetr cut Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 price target for the company. in a report on Monday, May 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $67.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $70.02.

In other Cognizant Technology Solutions Corporation news, Director Maureen Breakiron-Evans sold 12,368 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $69.70, for a total value of $862,049.60. Following the completion of the sale, the director now directly owns 1,075 shares of the company’s stock, valued at $74,927.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkat Krishnaswamy sold 4,205 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $66.75, for a total transaction of $280,683.75. Following the completion of the sale, the insider now directly owns 13,540 shares of the company’s stock, valued at $903,795. The disclosure for this sale can be found here. Insiders have sold a total of 91,222 shares of company stock valued at $6,326,183 over the last ninety days. 1.08% of the stock is currently owned by insiders.

About Cognizant Technology Solutions Corporation

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 Corporation (NASDAQ:CTSH)

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