Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 0.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 162,969 shares of the information technology service provider’s stock after buying an additional 142 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Cognizant Technology Solutions Corporation were worth $10,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CTSH. Pathstone Family Office LLC increased its position in Cognizant Technology Solutions Corporation by 1,208.8% during the second quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after purchasing an additional 1,366 shares during the last quarter. Acrospire Investment Management LLC increased its position in Cognizant Technology Solutions Corporation by 92.6% during the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after purchasing an additional 800 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in Cognizant Technology Solutions Corporation by 1.2% during the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after purchasing an additional 27 shares during the last quarter. Manchester Capital Management LLC increased its position in Cognizant Technology Solutions Corporation by 15.7% during the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after purchasing an additional 370 shares during the last quarter. Finally, First National Trust Co. acquired a new position in Cognizant Technology Solutions Corporation during the second quarter worth approximately $207,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $78.00 price target (up previously from $72.00) on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, August 9th. Berenberg Bank raised shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $85.00 in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Sunday. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $76.00 price target (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a research report on Friday, August 4th. Five investment 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 a consensus rating of “Buy” and a consensus price target of $72.91.

Cognizant Technology Solutions Corporation (CTSH) traded up 0.82% during midday trading on Friday, reaching $73.80. 2,249,315 shares of the company were exchanged. The firm’s 50-day moving average is $71.44 and its 200-day moving average is $66.59. Cognizant Technology Solutions Corporation has a one year low of $49.35 and a one year high of $73.83. The firm has a market cap of $43.59 billion, a P/E ratio of 23.68 and a beta of 1.12.

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

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In other news, insider Sumithra Gomatam sold 8,000 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $72.00, for a total value of $576,000.00. Following the transaction, the insider now owns 21,908 shares of the company’s stock, valued at $1,577,376. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Srinivasan Veeraraghavachary sold 2,500 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $73.00, for a total transaction of $182,500.00. Following the completion of the transaction, the chief operating officer now directly owns 24,459 shares in the company, valued at approximately $1,785,507. The disclosure for this sale can be found here. In the last three months, insiders sold 287,357 shares of company stock worth $20,521,043. Insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation 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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