AHL Partners LLP lifted its holdings in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 61.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 134,561 shares of the information technology service provider’s stock after purchasing an additional 51,222 shares during the period. AHL Partners LLP’s holdings in Cognizant Technology Solutions Corporation were worth $8,935,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTSH. BlackRock Inc. raised its holdings in shares of Cognizant Technology Solutions Corporation by 3,470.1% in the first quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock valued at $2,425,316,000 after buying an additional 39,606,526 shares during the last quarter. Vanguard Group Inc. lifted its position in Cognizant Technology Solutions Corporation by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 40,545,109 shares of the information technology service provider’s stock worth $2,413,246,000 after buying an additional 1,379,271 shares in the last quarter. FMR LLC lifted its position in Cognizant Technology Solutions Corporation by 81.6% during the 2nd quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock worth $1,664,366,000 after buying an additional 11,262,360 shares in the last quarter. State Street Corp lifted its position in Cognizant Technology Solutions Corporation by 1.8% during the 1st quarter. State Street Corp now owns 24,267,262 shares of the information technology service provider’s stock worth $1,444,391,000 after buying an additional 435,142 shares in the last quarter. Finally, Edgewood Management LLC grew its holdings in Cognizant Technology Solutions Corporation by 3.9% during the 1st quarter. Edgewood Management LLC now owns 14,706,635 shares of the information technology service provider’s stock worth $875,339,000 after acquiring an additional 557,035 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.

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A number of equities analysts have weighed in on CTSH shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $78.00 target price (up from $72.00) on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, August 8th. Berenberg Bank raised shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $85.00 in a research note on Tuesday, August 8th. BMO Capital Markets reissued a “buy” rating and set a $76.00 price target (up from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. Finally, Credit Suisse Group set a $80.00 price target on shares of Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Cognizant Technology Solutions Corporation presently has an average rating of “Buy” and a consensus target price of $72.91.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 0.12% during midday trading on Tuesday, hitting $72.54. The company’s stock had a trading volume of 317,596 shares. The company has a market cap of $42.84 billion, a P/E ratio of 23.27 and a beta of 1.12. Cognizant Technology Solutions Corporation has a 1-year low of $49.35 and a 1-year high of $73.28. The company has a 50-day moving average price of $71.27 and a 200 day moving average price of $66.29.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.11. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. Cognizant Technology Solutions Corporation’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. On average, equities research analysts predict that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current year.

In related news, COO Srinivasan Veeraraghavachary sold 2,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $71.00, for a total value of $177,500.00. Following the completion of the sale, the chief operating officer now directly owns 27,165 shares of the company’s stock, valued at approximately $1,928,715. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkat Krishnaswamy sold 8,151 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $70.93, for a total value of $578,150.43. Following the completion of the sale, the insider now directly owns 9,429 shares of the company’s stock, valued at $668,798.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,357 shares of company stock valued at $20,521,043. Insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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

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