Sentry Investment Management LLC increased its position in Cognizant Technology Solutions Corp. (NASDAQ:CTSH) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 47,688 shares of the information technology service provider’s stock after buying an additional 1,358 shares during the period. Sentry Investment Management LLC’s holdings in Cognizant Technology Solutions Corp. were worth $2,275,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LGT Capital Partners LTD. bought a new position in shares of Cognizant Technology Solutions Corp. during the second quarter worth approximately $8,837,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Cognizant Technology Solutions Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 523,988 shares of the information technology service provider’s stock worth $29,993,000 after buying an additional 3,387 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Cognizant Technology Solutions Corp. by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 156,830 shares of the information technology service provider’s stock worth $8,977,000 after buying an additional 8,524 shares during the last quarter. Watch Point Trust Co raised its position in shares of Cognizant Technology Solutions Corp. by 4.7% in the second quarter. Watch Point Trust Co now owns 35,565 shares of the information technology service provider’s stock worth $2,036,000 after buying an additional 1,600 shares during the last quarter. Finally, DNB Asset Management AS raised its position in shares of Cognizant Technology Solutions Corp. by 3.0% in the second quarter. DNB Asset Management AS now owns 44,148 shares of the information technology service provider’s stock worth $2,527,000 after buying an additional 1,300 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded down 2.32% during mid-day trading on Tuesday, hitting $55.63. 7,217,553 shares of the stock were exchanged. The stock’s 50 day moving average is $52.33 and its 200-day moving average is $56.43. Cognizant Technology Solutions Corp. has a 12 month low of $45.44 and a 12 month high of $65.43. The stock has a market cap of $33.75 billion, a PE ratio of 21.73 and a beta of 1.34.

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

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A number of brokerages have recently commented on CTSH. Nomura lowered shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $65.00 to $62.00 in a report on Monday, August 8th. Needham & Company LLC cut their price objective on shares of Cognizant Technology Solutions Corp. from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Cantor Fitzgerald set a $68.00 price objective on shares of Cognizant Technology Solutions Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Wedbush started coverage on shares of Cognizant Technology Solutions Corp. in a research note on Thursday, September 8th. They issued a “neutral” rating and a $65.00 price objective for the company. Finally, Vetr cut shares of Cognizant Technology Solutions Corp. from a “strong-buy” rating to a “buy” rating and set a $65.33 price objective for the company. in a research note on Monday, September 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.93.

In other Cognizant Technology Solutions Corp. news, VP Malcolm Frank sold 1,248 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $58.50, for a total value of $73,008.00. Following the completion of the transaction, the vice president now directly owns 3,945 shares in the company, valued at $230,782.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karen Mcloughlin sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $51.27, for a total transaction of $512,700.00. Following the completion of the transaction, the chief financial officer now owns 52,614 shares of the company’s stock, valued at $2,697,519.78. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

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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