M Holdings Securities Inc. trimmed its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 41.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 9,805 shares of the information technology service provider’s stock after selling 6,870 shares during the period. M Holdings Securities Inc.’s holdings in Cognizant Technology Solutions Corporation were worth $651,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CTSH. BlackRock Inc. boosted its position in Cognizant Technology Solutions Corporation by 3,470.1% in the 1st quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock valued at $2,425,316,000 after buying an additional 39,606,526 shares during the last quarter. FMR LLC boosted its position in Cognizant Technology Solutions Corporation by 81.6% in the 2nd quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock valued at $1,664,366,000 after buying an additional 11,262,360 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Cognizant Technology Solutions Corporation by 11,666.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 2,468,550 shares of the information technology service provider’s stock valued at $146,928,000 after buying an additional 2,447,570 shares during the last quarter. SRS Investment Management LLC bought a new position in Cognizant Technology Solutions Corporation in the 1st quarter valued at $134,797,000. Finally, Comgest Global Investors S.A.S. boosted its position in Cognizant Technology Solutions Corporation by 57.7% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock valued at $395,400,000 after buying an additional 2,178,800 shares during the last quarter. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded down 0.03% during mid-day trading on Friday, hitting $74.25. The company’s stock had a trading volume of 595,230 shares. The firm has a market cap of $43.85 billion, a price-to-earnings ratio of 23.82 and a beta of 1.12. The firm has a 50 day moving average of $72.51 and a 200-day moving average of $67.56. Cognizant Technology Solutions Corporation has a 52-week low of $49.35 and a 52-week high of $74.77.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued 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. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts expect that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

CTSH has been the topic of a number of recent research reports. Zacks Investment Research upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, October 10th. Bank of America Corporation reiterated a “buy” rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Friday, September 8th. Cowen and Company reiterated a “buy” rating and issued a $75.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Friday, July 28th. Finally, Vetr upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $71.62 price objective on the stock in a research report on Wednesday, August 2nd. Four 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. The stock currently has an average rating of “Buy” and a consensus price target of $74.07.

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In other news, EVP Allen Shaheen sold 442 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $70.58, for a total transaction of $31,196.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Srinivasan Veeraraghavachary sold 2,500 shares of the company’s 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 transaction, the chief operating officer now owns 27,165 shares in the company, valued at approximately $1,928,715. The disclosure for this sale can be found here. Insiders have sold 281,095 shares of company stock worth $20,095,913 in the last quarter. Company insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation 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.

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

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