Gulf International Bank UK Ltd maintained its stake in shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,615 shares of the information technology service provider’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Cognizant Technology Solutions Corp. were worth $8,712,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Albion Financial Group UT raised its stake in shares of Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Albion Financial Group UT now owns 6,830 shares of the information technology service provider’s stock valued at $391,000 after buying an additional 25 shares in the last quarter. Gradient Investments LLC raised its stake in Cognizant Technology Solutions Corp. by 0.6% in the third quarter. Gradient Investments LLC now owns 5,385 shares of the information technology service provider’s stock worth $257,000 after buying an additional 34 shares during the period. LS Investment Advisors LLC raised its stake in Cognizant Technology Solutions Corp. by 0.3% in the second quarter. LS Investment Advisors LLC now owns 13,412 shares of the information technology service provider’s stock worth $768,000 after buying an additional 46 shares during the period. Commerce Bank raised its stake in Cognizant Technology Solutions Corp. by 1.5% in the second quarter. Commerce Bank now owns 3,971 shares of the information technology service provider’s stock worth $227,000 after buying an additional 57 shares during the period. Finally, Wedbush Securities Inc. raised its stake in Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Wedbush Securities Inc. now owns 18,283 shares of the information technology service provider’s stock worth $1,047,000 after buying an additional 75 shares during the period. Institutional investors own 84.02% of the company’s stock.

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

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded down 1.853% during trading on Tuesday, hitting $55.895. The company had a trading volume of 5,051,652 shares. The firm has a 50 day moving average of $52.33 and a 200 day moving average of $56.43. The stock has a market cap of $33.91 billion, a PE ratio of 21.834 and a beta of 1.34. Cognizant Technology Solutions Corp. has a 12-month low of $45.44 and a 12-month high of $65.43.

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

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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Cognizant Technology Solutions Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 15th. Cantor Fitzgerald reiterated a “buy” rating and issued a $68.00 target price on shares of Cognizant Technology Solutions Corp. in a research note on Tuesday, November 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $69.00 target price on shares of Cognizant Technology Solutions Corp. in a research note on Friday, October 21st. lowered Cognizant Technology Solutions Corp. from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $70.00 to $60.00 in a research note on Wednesday, September 14th. Finally, Bank of America Corp. lowered Cognizant Technology Solutions Corp. from a “buy” rating to an “underperform” rating in a research note on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus 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 company’s stock in a transaction 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 owns 3,945 shares of the company’s stock, valued at approximately $230,782.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Karen Mcloughlin sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $51.27, for a total value of $512,700.00. Following the transaction, the chief financial officer now directly owns 52,614 shares in the company, valued at approximately $2,697,519.78. The disclosure for this sale can be found here. 0.81% of the stock is owned by 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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