Amica Mutual Insurance Co. maintained its position in Cognizant Technology Solutions Corp. (NASDAQ:CTSH) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,476 shares of the information technology service provider’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Cognizant Technology Solutions Corp. were worth $2,694,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Iowa State Bank acquired a new position in Cognizant Technology Solutions Corp. during the second quarter worth approximately $169,000. Fulton Bank N.A. boosted its stake in shares of Cognizant Technology Solutions Corp. by 4.2% in the second quarter. Fulton Bank N.A. now owns 25,690 shares of the information technology service provider’s stock worth $1,471,000 after buying an additional 1,040 shares during the period. Boltwood Capital Management boosted its stake in shares of Cognizant Technology Solutions Corp. by 1.7% in the second quarter. Boltwood Capital Management now owns 12,250 shares of the information technology service provider’s stock worth $701,000 after buying an additional 200 shares during the period. First Financial Bank N.A. Trust Division boosted its stake in shares of Cognizant Technology Solutions Corp. by 4.2% in the second quarter. First Financial Bank N.A. Trust Division now owns 63,471 shares of the information technology service provider’s stock worth $3,633,000 after buying an additional 2,581 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of Cognizant Technology Solutions Corp. by 26.2% in the second quarter. Raymond James Trust N.A. now owns 8,532 shares of the information technology service provider’s stock worth $489,000 after buying an additional 1,770 shares during the period. 84.02% of the stock is owned by institutional investors.

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

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded down 0.99% during trading on Wednesday, reaching $55.08. 5,043,798 shares of the company were exchanged. The company has a market capitalization of $33.42 billion, a PE ratio of 21.52 and a beta of 1.34. Cognizant Technology Solutions Corp. has a one year low of $45.44 and a one year high of $65.25. The firm’s 50 day moving average price is $52.33 and its 200 day moving average price is $56.43.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its quarterly earnings results on Monday, November 7th. The information technology service provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Cognizant Technology Solutions Corp. had a return on equity of 19.42% and a net margin of 11.78%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. Equities research analysts forecast that Cognizant Technology Solutions Corp. will post $3.37 earnings per share for the current fiscal year.

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CTSH has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $61.00 target price (down previously from $66.00) on shares of Cognizant Technology Solutions Corp. in a research report on Sunday, October 9th. Needham & Company LLC reiterated a “buy” rating and set a $68.00 target price on shares of Cognizant Technology Solutions Corp. in a research report on Sunday, October 2nd. Jefferies Group dropped their target price on shares of Cognizant Technology Solutions Corp. from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, October 10th. Vetr cut shares of Cognizant Technology Solutions Corp. from a “strong-buy” rating to a “buy” rating and set a $60.28 target price for the company. in a research report on Monday, November 7th. Finally, Zacks Investment Research cut shares of Cognizant Technology Solutions Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $64.93.

In other Cognizant Technology Solutions Corp. news, VP Malcolm Frank sold 1,248 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $58.50, for a total transaction of $73,008.00. Following the transaction, the vice president now directly owns 3,945 shares in the company, valued at approximately $230,782.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Karen Mcloughlin sold 1,873 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $58.16, for a total value of $108,933.68. Following the transaction, the chief financial officer now owns 40,741 shares in the company, valued at $2,369,496.56. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Cognizant Technology Solutions Corp. Company Profile

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.

5 Day Chart for NASDAQ:CTSH

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