Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 7.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,890 shares of the information technology service provider’s stock after buying an additional 271 shares during the period. Stonegate Investment Group LLC’s holdings in Cognizant Technology Solutions were worth $299,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CTSH. Addison Advisors LLC increased its holdings in shares of Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after acquiring an additional 189 shares during the period. Ashton Thomas Securities LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter worth about $30,000. Trust Co. of Vermont increased its stake in shares of Cognizant Technology Solutions by 188.4% in the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after purchasing an additional 292 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of Cognizant Technology Solutions by 47.4% during the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after buying an additional 146 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Cognizant Technology Solutions during the third quarter worth approximately $37,000. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of Cognizant Technology Solutions 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 transaction, the chief accounting officer now directly owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Cognizant Technology Solutions Stock Down 0.2 %

Shares of Cognizant Technology Solutions stock opened at $80.96 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $82.46. The firm has a market capitalization of $40.14 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The stock’s fifty day moving average is $78.85 and its 200-day moving average is $77.05.

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

Wall Street Analyst Weigh In

CTSH has been the topic of several recent analyst reports. Barclays raised Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $95.00 in a research note on Tuesday, December 17th. Mizuho lifted their price objective 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 shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. 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 research report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Fifteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $81.19.

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.