Bath Savings Trust Co decreased its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 2.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,155 shares of the information technology service provider’s stock after selling 950 shares during the quarter. Bath Savings Trust Co’s holdings in Cognizant Technology Solutions Corporation were worth $2,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 1,208.8% in the 2nd quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock valued at $2,485,000 after purchasing an additional 1,366 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Cognizant Technology Solutions Corporation by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after purchasing an additional 800 shares during the period. WFG Advisors LP boosted its position in shares of Cognizant Technology Solutions Corporation by 46.4% in the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after purchasing an additional 621 shares during the period. Krilogy Financial LLC acquired a new position in shares of Cognizant Technology Solutions Corporation in the 2nd quarter valued at $137,000. Finally, Guardian Life Insurance Co. of America boosted its position in shares of Cognizant Technology Solutions Corporation by 1.2% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock valued at $140,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 87.56% of the company’s stock.

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Sunday, October 8th. Zacks Investment Research upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, October 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $81.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Thursday, October 12th. Finally, Cowen and Company reiterated a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $73.66.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded down 0.61% on Tuesday, hitting $73.72. The stock had a trading volume of 463,993 shares. The stock has a market capitalization of $43.54 billion, a PE ratio of 23.65 and a beta of 1.12. The firm’s 50 day moving average is $72.09 and its 200-day moving average is $67.25. Cognizant Technology Solutions Corporation has a one year low of $49.35 and a one year high of $74.77.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities research analysts expect that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

In other news, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $69.50, for a total value of $347,430.50. Following the transaction, the insider now owns 10,515 shares of the company’s stock, valued at $730,792.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Rajeev Mehta sold 34,437 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $72.54, for a total value of $2,498,059.98. Following the completion of the transaction, the president now directly owns 170,063 shares in the company, valued at approximately $12,336,370.02. The disclosure for this sale can be found here. Insiders sold 289,546 shares of company stock worth $20,683,257 in the last 90 days. Corporate insiders own 1.08% of the company’s stock.

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About Cognizant Technology Solutions Corporation

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 Corporation (NASDAQ:CTSH)

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