FUKOKU MUTUAL LIFE INSURANCE Co held its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the information technology service provider’s stock at the close of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Cognizant Technology Solutions Corporation were worth $226,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Cognizant Technology Solutions Corporation by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,723,134 shares of the information technology service provider’s stock valued at $102,561,000 after buying an additional 182,493 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Cognizant Technology Solutions Corporation by 76.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 123,031 shares of the information technology service provider’s stock valued at $7,323,000 after acquiring an additional 53,365 shares during the last quarter. BP PLC grew its position in Cognizant Technology Solutions Corporation by 247.6% in the first quarter. BP PLC now owns 73,000 shares of the information technology service provider’s stock valued at $4,346,000 after acquiring an additional 52,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Cognizant Technology Solutions Corporation by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 121,769 shares of the information technology service provider’s stock valued at $7,248,000 after acquiring an additional 9,145 shares during the last quarter. Finally, Marietta Wealth Management LLC grew its position in Cognizant Technology Solutions Corporation by 35.4% in the first quarter. Marietta Wealth Management LLC now owns 27,465 shares of the information technology service provider’s stock valued at $1,635,000 after acquiring an additional 7,188 shares during the last quarter. 87.60% of the stock is owned by institutional investors.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded up 0.37% during mid-day trading on Tuesday, reaching $72.72. The company’s stock had a trading volume of 482,441 shares. The firm has a market cap of $42.95 billion, a price-to-earnings ratio of 23.33 and a beta of 1.12. Cognizant Technology Solutions Corporation has a 12 month low of $49.35 and a 12 month high of $73.28. The company’s 50-day moving average is $71.27 and its 200 day moving average is $66.29.

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

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In other news, COO Srinivasan Veeraraghavachary sold 2,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $71.00, for a total transaction of $177,500.00. Following the completion of the sale, the chief operating officer now directly owns 27,165 shares in the company, valued at $1,928,715. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Allen Shaheen sold 442 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $70.58, for a total transaction of $31,196.36. The disclosure for this sale can be found here. Insiders have sold a total of 287,357 shares of company stock valued at $20,521,043 in the last three months. 1.08% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the company. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, September 6th. Zacks Investment Research downgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird restated a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Sunday, September 10th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $80.00 price target (up from $66.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 15th. Finally, Vetr raised shares of Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price target on the stock in a report on Tuesday, September 19th. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Cognizant Technology Solutions Corporation presently has an average rating of “Buy” and a consensus target price of $72.91.

Cognizant Technology Solutions Corporation 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.

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

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