Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Acquired by Nilsine Partners LLC

Nilsine Partners LLC boosted its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,082 shares of the information technology service provider’s stock after purchasing an additional 481 shares during the quarter. Nilsine Partners LLC’s holdings in Cognizant Technology Solutions were worth $314,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC boosted its holdings in shares of Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after buying an additional 189 shares during the period. Ashton Thomas Securities LLC acquired a new position in Cognizant Technology Solutions in the third quarter valued at approximately $30,000. Trust Co. of Vermont grew its holdings in shares of Cognizant Technology Solutions by 188.4% during the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after purchasing an additional 292 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Cognizant Technology Solutions by 47.4% during 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 period. Finally, Eastern Bank bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $37,000. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the transaction, the chief accounting officer now owns 39,022 shares in the company, valued at $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CTSH shares. Barclays upgraded Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $95.00 in a research note on Tuesday, December 17th. StockNews.com lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Mizuho increased their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen boosted their target price on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $81.19.

Cognizant Technology Solutions Stock Up 0.3 %

NASDAQ:CTSH opened at $81.19 on Thursday. The business’s fifty day moving average price is $78.94 and its 200 day moving average price is $77.11. The firm has a market capitalization of $40.26 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.06 and a beta of 1.07. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. Cognizant Technology Solutions Co. has a 1-year low of $63.79 and a 1-year high of $82.46.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. On average, sell-side analysts forecast that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current fiscal year.

Cognizant Technology Solutions Company Profile

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.