Foster & Motley Buys $2.46 Million Stake in Cognizant Technology Solutions
Foster & Motley acquired 63,576 shares of Cognizant Technology Solutions for about $2.46 million. Cognizant reported $1.37 EPS on $5.48 billion revenue, missing consensus by $0.01, and it disclosed a dividend to be paid Aug. 25. The board authorized a $2.0 billion buyback, allowing purchases up to 9% of outstanding shares.