Sentry Investment Management LLC Has $1.25 Million Stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Sentry Investment Management LLC lessened its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 58.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,864 shares of the information technology service provider’s stock after selling 26,719 shares during the quarter. Sentry Investment Management LLC’s holdings in Cognizant Technology Solutions Corporation were worth $1,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Comgest Global Investors S.A.S. boosted its holdings in Cognizant Technology Solutions Corporation by 57.7% during the second quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock worth $395,400,000 after buying an additional 2,178,800 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in Cognizant Technology Solutions Corporation by 7.1% during the second quarter. Oak Ridge Investments LLC now owns 169,645 shares of the information technology service provider’s stock worth $11,264,000 after buying an additional 11,316 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in Cognizant Technology Solutions Corporation by 1.3% during the second quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock worth $42,300,000 after buying an additional 8,245 shares in the last quarter. Dalton Investments LLC boosted its holdings in Cognizant Technology Solutions Corporation by 7.3% during the second quarter. Dalton Investments LLC now owns 320,422 shares of the information technology service provider’s stock worth $21,276,000 after buying an additional 21,800 shares in the last quarter. Finally, BT Investment Management Ltd bought a new stake in Cognizant Technology Solutions Corporation during the second quarter worth approximately $83,134,000. Institutional investors and hedge funds own 87.16% of the company’s stock.

In other news, EVP Allen Shaheen sold 442 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Patrick Lennox sold 1,725 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $71.57, for a total value of $123,458.25. Following the sale, the executive vice president now owns 8,407 shares in the company, valued at $601,688.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 281,095 shares of company stock worth $20,095,913. Company insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 1.09% on Friday, hitting $75.39. 3,424,290 shares of the stock were exchanged. The stock has a market capitalization of $44.53 billion, a P/E ratio of 24.19 and a beta of 1.12. The company has a 50 day moving average of $72.89 and a 200 day moving average of $68.09. Cognizant Technology Solutions Corporation has a one year low of $50.86 and a one year high of $75.50.

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

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CTSH has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, October 10th. Robert W. Baird raised their target price on shares of Cognizant Technology Solutions Corporation from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th. Bank of America Corporation restated a “buy” rating and set a $86.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. KeyCorp restated a “buy” rating and set a $79.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Friday, September 8th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Friday, July 28th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $74.07.

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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