Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 255,624 shares of the information technology service provider’s stock after selling 4,147 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Cognizant Technology Solutions were worth $19,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Graypoint LLC boosted its stake in shares of Cognizant Technology Solutions by 2.9% during the 4th quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock worth $369,000 after purchasing an additional 134 shares during the last quarter. Sandy Cove Advisors LLC boosted its stake in shares of Cognizant Technology Solutions by 3.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock worth $333,000 after purchasing an additional 135 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Cognizant Technology Solutions by 47.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after purchasing an additional 146 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Cognizant Technology Solutions by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider’s stock worth $669,000 after purchasing an additional 183 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of Cognizant Technology Solutions by 127.7% during the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Down 0.2 %

NASDAQ CTSH opened at $82.61 on Friday. The company’s fifty day simple moving average is $79.10 and its 200-day simple moving average is $77.18. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $83.47. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The stock has a market cap of $40.96 billion, a P/E ratio of 18.28, a PEG ratio of 2.17 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Analysts Set New Price Targets

CTSH has been the topic of several recent analyst reports. Morgan Stanley increased their price objective 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. Barclays upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Mizuho increased their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $81.12.

Insider Transactions at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 5,000 shares of Cognizant Technology Solutions stock in a transaction 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 completion of the sale, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.