Capital City Trust Co. FL trimmed its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,370 shares of the information technology service provider’s stock after selling 1,345 shares during the quarter. Capital City Trust Co. FL’s holdings in Cognizant Technology Solutions were worth $2,421,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CTSH. Commonwealth Bank of Australia increased its position in shares of Cognizant Technology Solutions by 4.6% during the second quarter. Commonwealth Bank of Australia now owns 29,290 shares of the information technology service provider’s stock worth $1,943,000 after acquiring an additional 1,279 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its position in shares of Cognizant Technology Solutions by 106.0% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 55,199 shares of the information technology service provider’s stock worth $3,665,000 after acquiring an additional 28,400 shares during the last quarter. Seven Eight Capital LP increased its holdings in Cognizant Technology Solutions by 463.6% in the second quarter. Seven Eight Capital LP now owns 37,808 shares of the information technology service provider’s stock valued at $2,510,000 after buying an additional 31,100 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in Cognizant Technology Solutions by 1.0% in the second quarter. CWA Asset Management Group LLC now owns 5,717 shares of the information technology service provider’s stock valued at $380,000 after buying an additional 57 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Cognizant Technology Solutions by 2.2% in the second quarter. Teachers Advisors LLC now owns 976,850 shares of the information technology service provider’s stock valued at $64,863,000 after buying an additional 20,982 shares during the last quarter. 85.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $0.51 during mid-day trading on Wednesday, reaching $73.97. The company’s stock had a trading volume of 3,485,805 shares, compared to its average volume of 3,740,000. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. Cognizant Technology Solutions Corp has a 12 month low of $51.52 and a 12 month high of $76.51. The firm has a market capitalization of $43,620.00, a P/E ratio of 22.90, a P/E/G ratio of 1.40 and a beta of 1.08.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CTSH. Oppenheimer reissued a “buy” rating and issued a $80.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $78.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Needham & Company LLC raised Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $78.00 to $90.00 in a report on Wednesday, November 1st. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $89.00 price objective (up from $80.00) on shares of Cognizant Technology Solutions in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.75.

In other Cognizant Technology Solutions news, VP Malcolm Frank sold 9,462 shares of Cognizant Technology Solutions stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total value of $668,111.82. Following the completion of the transaction, the vice president now directly owns 15,533 shares in the company, valued at $1,096,785.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sumithra Gomatam sold 3,163 shares of Cognizant Technology Solutions stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $76.00, for a total value of $240,388.00. Following the completion of the transaction, the insider now owns 6,346 shares of the company’s stock, valued at $482,296. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 567,254 shares of company stock valued at $40,907,258. 1.08% of the stock is currently owned by insiders.

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Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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

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