CENTRAL TRUST Co Buys 1,000 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

CENTRAL TRUST Co grew its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 61.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,625 shares of the information technology service provider’s stock after acquiring an additional 1,000 shares during the period. CENTRAL TRUST Co’s holdings in Cognizant Technology Solutions were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CTSH. Handelsbanken Fonder AB grew its holdings in shares of Cognizant Technology Solutions by 1.8% during the third quarter. Handelsbanken Fonder AB now owns 130,810 shares of the information technology service provider’s stock valued at $10,096,000 after buying an additional 2,351 shares during the last quarter. Czech National Bank grew its holdings in shares of Cognizant Technology Solutions by 6.6% during the third quarter. Czech National Bank now owns 100,970 shares of the information technology service provider’s stock valued at $7,793,000 after buying an additional 6,223 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cognizant Technology Solutions by 47.3% during the third quarter. GAMMA Investing LLC now owns 8,822 shares of the information technology service provider’s stock valued at $681,000 after buying an additional 2,833 shares during the last quarter. Trium Capital LLP grew its holdings in shares of Cognizant Technology Solutions by 1.7% during the third quarter. Trium Capital LLP now owns 56,430 shares of the information technology service provider’s stock valued at $4,355,000 after buying an additional 928 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in shares of Cognizant Technology Solutions during the third quarter valued at about $264,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $83.54 on Wednesday. The company’s 50 day moving average is $79.20 and its 200-day moving average is $77.34. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $83.97. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The firm has a market cap of $41.42 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.07.

Analyst Upgrades and Downgrades

CTSH has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Robert W. Baird boosted their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. UBS Group boosted their price target on shares of Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday. Finally, StockNews.com cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Seventeen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.39.

Insider Activity

In other news, CAO John Sunshin Kim sold 5,000 shares of the business’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 value of $400,550.00. Following the sale, the chief accounting officer now owns 39,022 shares of the company’s stock, valued at $3,126,052.42. The trade was 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 the SEC website. Insiders own 0.26% of the company’s stock.

About Cognizant Technology Solutions

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.