Cognizant Technology Solutions Corp (CTSH) Position Raised by Atria Investments LLC

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Atria Investments LLC raised its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 22.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,812 shares of the information technology service provider’s stock after buying an additional 4,965 shares during the period. Atria Investments LLC’s holdings in Cognizant Technology Solutions Corp were worth $1,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allegis Investment Advisors LLC increased its position in shares of Cognizant Technology Solutions Corp by 10.4% in the third quarter. Allegis Investment Advisors LLC now owns 26,125 shares of the information technology service provider’s stock worth $1,246,000 after buying an additional 2,458 shares during the period. Morgan Stanley increased its position in shares of Cognizant Technology Solutions Corp by 48.2% in the third quarter. Morgan Stanley now owns 5,049,156 shares of the information technology service provider’s stock worth $240,896,000 after buying an additional 1,643,045 shares during the period. DnB Asset Management AS increased its position in shares of Cognizant Technology Solutions Corp by 3,053.6% in the third quarter. DnB Asset Management AS now owns 1,392,248 shares of the information technology service provider’s stock worth $66,424,000 after buying an additional 1,348,100 shares during the period. PGGM Investments increased its position in shares of Cognizant Technology Solutions Corp by 5.8% in the third quarter. PGGM Investments now owns 515,892 shares of the information technology service provider’s stock worth $24,613,000 after buying an additional 28,287 shares during the period. Finally, State of Wisconsin Investment Board increased its position in shares of Cognizant Technology Solutions Corp by 16.3% in the third quarter. State of Wisconsin Investment Board now owns 487,589 shares of the information technology service provider’s stock worth $23,263,000 after buying an additional 68,203 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded down 0.53% during trading on Friday, hitting $58.35. The stock had a trading volume of 3,872,285 shares. Cognizant Technology Solutions Corp has a 12 month low of $45.44 and a 12 month high of $63.23. The stock has a 50 day moving average of $58.89 and a 200 day moving average of $55.60. The company has a market cap of $35.51 billion, a PE ratio of 22.88 and a beta of 1.28.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, February 8th. The information technology service provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Cognizant Technology Solutions Corp had a return on equity of 18.83% and a net margin of 11.52%. The company earned $3.46 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Cognizant Technology Solutions Corp’s revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Cognizant Technology Solutions Corp will post $3.65 EPS for the current fiscal year.

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A number of research analysts have recently commented on CTSH shares. Vetr cut Cognizant Technology Solutions Corp from a “strong-buy” rating to a “buy” rating and set a $64.12 price target on the stock. in a research report on Wednesday, January 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price target (up previously from $63.00) on shares of Cognizant Technology Solutions Corp in a research report on Wednesday, January 18th. Wedbush raised Cognizant Technology Solutions Corp from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $70.00 in a research report on Friday, January 6th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $60.00 price target (down previously from $68.00) on shares of Cognizant Technology Solutions Corp in a research report on Thursday, February 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price target on shares of Cognizant Technology Solutions Corp in a research report on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $62.47.

In other Cognizant Technology Solutions Corp news, CFO Karen Mcloughlin sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $58.80, for a total transaction of $294,000.00. Following the completion of the sale, the chief financial officer now owns 35,741 shares of the company’s stock, valued at $2,101,570.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allen Shaheen sold 2,305 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $59.86, for a total value of $137,977.30. The disclosure for this sale can be found here. Insiders sold 16,548 shares of company stock valued at $979,255 in the last ninety days. 0.81% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Corp 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.

5 Day Chart for NASDAQ:CTSH

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