YHB Investment Advisors Inc. Decreases Stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

YHB Investment Advisors Inc. trimmed its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,412 shares of the information technology service provider’s stock after selling 275 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Cognizant Technology Solutions were worth $647,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CTSH. State Street Corp increased its holdings in Cognizant Technology Solutions by 3.6% during the 3rd quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider’s stock worth $1,928,405,000 after purchasing an additional 867,176 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cognizant Technology Solutions by 1.3% in the third quarter. Geode Capital Management LLC now owns 13,280,223 shares of the information technology service provider’s stock worth $1,022,728,000 after buying an additional 173,667 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Cognizant Technology Solutions by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,244,731 shares of the information technology service provider’s stock valued at $250,428,000 after acquiring an additional 44,129 shares in the last quarter. Bank of Montreal Can boosted its stake in Cognizant Technology Solutions by 29.7% during the 3rd quarter. Bank of Montreal Can now owns 2,748,982 shares of the information technology service provider’s stock valued at $211,369,000 after acquiring an additional 628,970 shares during the last quarter. Finally, ING Groep NV grew its holdings in Cognizant Technology Solutions by 61.5% during the 3rd quarter. ING Groep NV now owns 2,478,364 shares of the information technology service provider’s stock worth $191,280,000 after acquiring an additional 943,372 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $80.96 on Wednesday. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $82.46. The company has a market cap of $40.14 billion, a PE ratio of 17.91, a P/E/G ratio of 2.06 and a beta of 1.07. The stock has a 50 day simple moving average of $78.85 and a 200-day simple moving average of $77.05. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Cognizant Technology Solutions Co. will post 4.66 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CTSH. Mizuho upped their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Barclays raised Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $95.00 in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen raised their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Fifteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $81.19.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the sale, the chief accounting officer now directly owns 39,022 shares in the company, valued at $3,126,052.42. This represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.