NEXT Financial Group Inc decreased its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,191 shares of the information technology service provider’s stock after selling 890 shares during the period. NEXT Financial Group Inc’s holdings in Cognizant Technology Solutions were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Westover Capital Advisors LLC lifted its stake in Cognizant Technology Solutions by 2.2% during the second quarter. Westover Capital Advisors LLC now owns 3,885 shares of the information technology service provider’s stock worth $258,000 after purchasing an additional 83 shares during the period. Frontier Wealth Management LLC lifted its stake in Cognizant Technology Solutions by 1.0% during the second quarter. Frontier Wealth Management LLC now owns 10,099 shares of the information technology service provider’s stock worth $671,000 after purchasing an additional 99 shares during the period. Simonbaker & Partners LLC lifted its stake in Cognizant Technology Solutions by 2.3% during the second quarter. Simonbaker & Partners LLC now owns 4,853 shares of the information technology service provider’s stock worth $322,000 after purchasing an additional 110 shares during the period. Bank of Hawaii lifted its stake in Cognizant Technology Solutions by 0.3% during the second quarter. Bank of Hawaii now owns 34,486 shares of the information technology service provider’s stock worth $2,290,000 after purchasing an additional 114 shares during the period. Finally, Signet Financial Management LLC lifted its stake in Cognizant Technology Solutions by 0.3% during the second quarter. Signet Financial Management LLC now owns 70,042 shares of the information technology service provider’s stock worth $4,650,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 86.04% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) opened at $75.84 on Thursday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The firm has a market cap of $44,064.18, a P/E ratio of 23.41, a P/E/G ratio of 1.43 and a beta of 1.08. Cognizant Technology Solutions Corp has a fifty-two week low of $51.52 and a fifty-two week high of $76.51.

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

In other Cognizant Technology Solutions news, Director John Nelson Fox, Jr. sold 19,500 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $72.00, for a total transaction of $1,404,000.00. Following the completion of the sale, the director now owns 55,090 shares of the company’s stock, valued at approximately $3,966,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francisco Dsouza sold 482,000 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the sale, the chief executive officer now directly owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. In the last three months, insiders sold 807,286 shares of company stock valued at $58,679,209. 1.08% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on CTSH shares. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, October 10th. Robert W. Baird lifted their target price on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 19th. BidaskClub cut shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. SunTrust Banks reiterated a “buy” rating and issued a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a research note on Sunday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.83.

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About Cognizant Technology Solutions

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 (NASDAQ:CTSH)

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