Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 12.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,513 shares of the information technology service provider’s stock after acquiring an additional 285 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Cognizant Technology Solutions were worth $194,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in Cognizant Technology Solutions by 47.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after purchasing an additional 146 shares during the last quarter. Benjamin Edwards Inc. increased its position in Cognizant Technology Solutions by 42.1% during the second quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock worth $36,000 after buying an additional 158 shares during the last quarter. Choate Investment Advisors raised its holdings in Cognizant Technology Solutions by 0.4% during the first quarter. Choate Investment Advisors now owns 48,552 shares of the information technology service provider’s stock valued at $3,558,000 after buying an additional 180 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Cognizant Technology Solutions by 1.8% in the third quarter. V Square Quantitative Management LLC now owns 11,169 shares of the information technology service provider’s stock worth $862,000 after buying an additional 194 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in shares of Cognizant Technology Solutions by 0.6% during the 2nd quarter. First Personal Financial Services now owns 34,893 shares of the information technology service provider’s stock worth $2,373,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

CTSH has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on Cognizant Technology Solutions in a research note on Wednesday, August 28th. They issued a “buy” rating and a $90.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of Cognizant Technology Solutions from $81.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lifted their target price on shares of Cognizant Technology Solutions from $82.00 to $89.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, StockNews.com cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $77.58.

Insider Transactions at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CEO Ravi Kumar Singisetti sold 6,728 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total transaction of $495,584.48. Following the transaction, the chief executive officer now owns 46,427 shares in the company, valued at approximately $3,419,812.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.

Cognizant Technology Solutions Stock Up 0.7 %

Shares of CTSH opened at $75.52 on Wednesday. The business’s fifty day moving average price is $76.48 and its two-hundred day moving average price is $71.91. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.16 and a beta of 1.05. Cognizant Technology Solutions Co. has a 52 week low of $62.14 and a 52 week high of $80.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.46.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 31st. The information technology service provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05. Cognizant Technology Solutions had a net margin of 11.39% and a return on equity of 17.31%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Cognizant Technology Solutions Co. will post 4.62 earnings per share for the current year.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.