Guardian Capital LP increased its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,239 shares of the information technology service provider’s stock after purchasing an additional 10,090 shares during the period. Guardian Capital LP’s holdings in Cognizant Technology Solutions Corporation were worth $13,761,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Acrospire Investment Management LLC boosted its holdings in Cognizant Technology Solutions Corporation by 92.6% in the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after purchasing an additional 800 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in Cognizant Technology Solutions Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after purchasing an additional 27 shares in the last quarter. Assetmark Inc. boosted its holdings in Cognizant Technology Solutions Corporation by 24.2% in the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock worth $154,000 after purchasing an additional 505 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Cognizant Technology Solutions Corporation by 15.7% in the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after purchasing an additional 370 shares in the last quarter. Finally, First National Trust Co. bought a new stake in Cognizant Technology Solutions Corporation in the second quarter worth $207,000. Hedge funds and other institutional investors own 87.59% of the company’s stock.

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In related news, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $69.50, for a total transaction of $347,430.50. Following the completion of the sale, the insider now owns 10,515 shares of the company’s stock, valued at approximately $730,792.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Debashis Chatterjee sold 3,452 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $69.50, for a total transaction of $239,914.00. Following the sale, the insider now directly owns 42,628 shares of the company’s stock, valued at approximately $2,962,646. 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 ninety days. 1.08% of the stock is currently owned by insiders.

Cognizant Technology Solutions Corporation (CTSH) traded up 0.55% on Friday, reaching $72.54. 1,953,070 shares of the company traded hands. The stock has a 50-day moving average price of $70.75 and a 200-day moving average price of $65.41. The firm has a market cap of $42.84 billion, a P/E ratio of 23.27 and a beta of 1.14. Cognizant Technology Solutions Corporation has a 52-week low of $45.44 and a 52-week high of $73.00.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. Cognizant Technology Solutions Corporation’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. Analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

CTSH has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Robert W. Baird reiterated a “buy” rating and issued a $80.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Sunday, September 10th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $80.00 price objective (up from $66.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 15th. Finally, Vetr upgraded shares of Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price objective for the company in a report on Tuesday, September 19th. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $72.51.

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.

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

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