6,000 Shares in Cognizant Technology Solutions Corp (CTSH) Purchased by S&CO Inc.

S&CO Inc. bought a new position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,000 shares of the information technology service provider’s stock, valued at approximately $426,000.

Other large investors have also recently added to or reduced their stakes in the company. Edgewood Management LLC lifted its holdings in shares of Cognizant Technology Solutions by 9.3% in the 3rd quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock worth $1,227,063,000 after purchasing an additional 1,443,368 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Cognizant Technology Solutions by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock worth $730,914,000 after purchasing an additional 313,364 shares during the last quarter. Comgest Global Investors S.A.S. lifted its holdings in shares of Cognizant Technology Solutions by 24.5% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock worth $538,001,000 after purchasing an additional 1,461,800 shares during the last quarter. Swedbank lifted its holdings in shares of Cognizant Technology Solutions by 1.8% in the 3rd quarter. Swedbank now owns 6,621,266 shares of the information technology service provider’s stock worth $480,307,000 after purchasing an additional 116,263 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Cognizant Technology Solutions by 21.7% in the 3rd quarter. Schroder Investment Management Group now owns 3,984,247 shares of the information technology service provider’s stock worth $287,424,000 after purchasing an additional 710,987 shares during the last quarter. 86.11% of the stock is currently owned by institutional investors.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $0.54 during mid-day trading on Monday, hitting $77.29. The stock had a trading volume of 3,178,700 shares, compared to its average volume of 3,674,154. Cognizant Technology Solutions Corp has a one year low of $51.52 and a one year high of $77.38. The firm has a market cap of $46,070.00, a PE ratio of 23.93, a PEG ratio of 1.48 and a beta of 1.08. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07.

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 (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts predict that Cognizant Technology Solutions Corp will post 3.35 EPS for the current year.

CTSH has been the topic of several recent research reports. KeyCorp reissued a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Cowen reaffirmed a “buy” rating and set a $80.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and set a $81.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 12th. Zacks Investment Research raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions in a research note on Sunday, October 8th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $81.98.

In related news, insider Venkat Krishnaswamy sold 4,000 shares of Cognizant Technology Solutions stock in a transaction on Monday, November 6th. The stock was sold at an average price of $75.00, for a total value of $300,000.00. Following the transaction, the insider now directly owns 3,919 shares in the company, valued at approximately $293,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Malcolm Frank sold 9,462 shares of Cognizant Technology Solutions stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total value of $668,111.82. Following the completion of the transaction, the vice president now owns 15,533 shares in the company, valued at $1,096,785.13. The disclosure for this sale can be found here. Insiders sold a total of 889,911 shares of company stock worth $64,936,834 over the last 90 days. Insiders own 1.08% of the company’s stock.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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