Bedrijfstakpensioenfonds Voor DE Media PNO held its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the third quarter, Holdings Channel reports. The institutional investor owned 19,000 shares of the information technology service provider’s stock at the end of the third quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Cognizant Technology Solutions Corporation were worth $906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PGGM Investments increased its position in Cognizant Technology Solutions Corporation by 17.6% in the second quarter. PGGM Investments now owns 487,605 shares of the information technology service provider’s stock worth $27,911,000 after buying an additional 73,000 shares during the period. Coyle Financial Counsel LLC bought a new position in Cognizant Technology Solutions Corporation during the second quarter worth $250,000. Albion Financial Group UT increased its position in Cognizant Technology Solutions Corporation by 0.4% in the second quarter. Albion Financial Group UT now owns 6,830 shares of the information technology service provider’s stock worth $391,000 after buying an additional 25 shares during the period. Bank of Montreal Can bought a new position in Cognizant Technology Solutions Corporation during the second quarter worth $44,698,000. Finally, MSI Financial Services Inc increased its position in Cognizant Technology Solutions Corporation by 14.8% in the second quarter. MSI Financial Services Inc now owns 12,959 shares of the information technology service provider’s stock worth $742,000 after buying an additional 1,674 shares during the period. 84.01% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded down 0.82% during midday trading on Friday, hitting $56.52. 6,223,342 shares of the stock were exchanged. The firm has a market capitalization of $34.29 billion, a P/E ratio of 22.08 and a beta of 1.33. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $63.43. The firm’s 50-day moving average price is $55.82 and its 200 day moving average price is $55.48.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings results on Monday, November 7th. The information technology service provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Cognizant Technology Solutions Corporation had a net margin of 11.78% and a return on equity of 19.42%. The company earned $3.45 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the company posted $0.76 EPS. Cognizant Technology Solutions Corporation’s revenue was up 8.4% on a year-over-year basis. Analysts expect that Cognizant Technology Solutions Corporation will post $3.35 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on the company. Vetr raised Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and set a $65.55 price target on the stock in a research note on Monday. Cantor Fitzgerald set a $67.00 price target on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research note on Tuesday, November 29th. Deutsche Bank AG restated a “buy” rating on shares of Cognizant Technology Solutions Corporation in a research report on Tuesday, November 29th. William Blair restated a “market perform” rating on shares of Cognizant Technology Solutions Corporation in a research report on Tuesday, November 29th. Finally, Zacks Investment Research upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Cognizant Technology Solutions Corporation currently has an average rating of “Buy” and a consensus price target of $65.18.

In other Cognizant Technology Solutions Corporation news, VP Malcolm Frank sold 666 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $54.67, for a total value of $36,410.22. Following the completion of the transaction, the vice president now directly owns 4,520 shares of the company’s stock, valued at $247,108.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Karen Mcloughlin sold 10,000 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $51.27, for a total transaction of $512,700.00. Following the completion of the transaction, the chief financial officer now directly owns 52,614 shares of the company’s stock, valued at $2,697,519.78. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Cognizant Technology Solutions Corporation Company Profile

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.

5 Day Chart for NASDAQ:CTSH

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