LGT Capital Partners LTD. Boosts Position in Cognizant Technology Solutions Corp (CTSH)

LGT Capital Partners LTD. increased its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,791 shares of the information technology service provider’s stock after buying an additional 14,166 shares during the quarter. LGT Capital Partners LTD.’s holdings in Cognizant Technology Solutions were worth $17,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CTSH. Van ECK Associates Corp purchased a new position in shares of Cognizant Technology Solutions in the second quarter worth approximately $631,000. OppenheimerFunds Inc. boosted its holdings in shares of Cognizant Technology Solutions by 55.3% in the second quarter. OppenheimerFunds Inc. now owns 25,863 shares of the information technology service provider’s stock worth $2,043,000 after buying an additional 9,208 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Cognizant Technology Solutions by 34.5% in the second quarter. Macquarie Group Ltd. now owns 85,352 shares of the information technology service provider’s stock worth $6,742,000 after buying an additional 21,894 shares during the last quarter. Colony Group LLC boosted its holdings in shares of Cognizant Technology Solutions by 62.0% in the second quarter. Colony Group LLC now owns 4,095 shares of the information technology service provider’s stock worth $323,000 after buying an additional 1,567 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of Cognizant Technology Solutions by 50.2% in the second quarter. Moneta Group Investment Advisors LLC now owns 7,526 shares of the information technology service provider’s stock worth $594,000 after buying an additional 2,514 shares during the last quarter. 86.19% of the stock is currently owned by institutional investors.

In other news, VP Malcolm Frank sold 7,251 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $61.88, for a total transaction of $448,691.88. Following the sale, the vice president now owns 26,289 shares in the company, valued at $1,626,763.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Allen Shaheen sold 1,232 shares of Cognizant Technology Solutions stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $71.51, for a total transaction of $88,100.32. Following the sale, the executive vice president now owns 6,120 shares in the company, valued at approximately $437,641.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,357 shares of company stock worth $1,687,955. Company insiders own 0.60% of the company’s stock.



Several equities analysts have weighed in on the stock. HSBC raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $75.00 price target on shares of Cognizant Technology Solutions in a report on Tuesday, November 20th. Jefferies Financial Group assumed coverage on shares of Cognizant Technology Solutions in a report on Tuesday, November 20th. They set a “hold” rating and a $70.00 price target on the stock. Moffett Nathanson assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 4th. They set a “neutral” rating and a $85.00 price target on the stock. Finally, Morgan Stanley lowered their price target on shares of Cognizant Technology Solutions from $87.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $81.81.

Shares of Cognizant Technology Solutions stock traded down $0.28 on Monday, hitting $64.64. 327,359 shares of the company traded hands, compared to its average volume of 3,576,496. The stock has a market cap of $37.21 billion, a P/E ratio of 18.31, a PEG ratio of 1.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.24 and a quick ratio of 3.24. Cognizant Technology Solutions Corp has a 52 week low of $59.47 and a 52 week high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Tuesday, October 30th. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Cognizant Technology Solutions had a net margin of 9.07% and a return on equity of 22.54%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. As a group, equities analysts expect that Cognizant Technology Solutions Corp will post 4.12 EPS for the current year.

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Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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

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