Baader Bank Aktiengesellschaft Has $969,000 Stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Baader Bank Aktiengesellschaft raised its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 287.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,606 shares of the information technology service provider’s stock after purchasing an additional 9,349 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Cognizant Technology Solutions were worth $969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CTSH. Creative Planning increased its position in Cognizant Technology Solutions by 5.6% during the second quarter. Creative Planning now owns 40,905 shares of the information technology service provider’s stock worth $2,782,000 after buying an additional 2,181 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Cognizant Technology Solutions by 43.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,555 shares of the information technology service provider’s stock worth $1,534,000 after buying an additional 6,838 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Cognizant Technology Solutions during the second quarter worth approximately $4,714,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Cognizant Technology Solutions by 1,338.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 666,144 shares of the information technology service provider’s stock worth $45,298,000 after acquiring an additional 619,844 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Cognizant Technology Solutions by 18.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,787 shares of the information technology service provider’s stock worth $138,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays upgraded Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Mizuho boosted their price target on Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price target on Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, StockNews.com cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Fifteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus target price of $81.19.

Insider Activity at Cognizant Technology Solutions

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

Cognizant Technology Solutions Price Performance

CTSH stock opened at $81.19 on Thursday. The stock has a market capitalization of $40.26 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The company’s 50-day moving average is $78.94 and its 200-day moving average is $77.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.46.

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 for the quarter, beating the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts expect that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

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.