Traders bought shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on weakness during trading on Monday. $39.71 million flowed into the stock on the tick-up and $12.73 million flowed out of the stock on the tick-down, for a money net flow of $26.98 million into the stock. Of all stocks tracked, Cognizant Technology Solutions Corporation had the 31st highest net in-flow for the day. Cognizant Technology Solutions Corporation traded down ($0.15) for the day and closed at $73.65

A number of analysts have issued reports on CTSH shares. Robert W. Baird reiterated a “buy” rating and set a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Sunday, September 10th. BidaskClub upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Bank of America Corporation reiterated a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday, September 12th. Vetr upgraded shares of Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price target on the stock in a research note on Tuesday, September 19th. Finally, KeyCorp reiterated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, September 8th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Cognizant Technology Solutions Corporation has an average rating of “Buy” and a consensus target price of $72.99.

The firm has a market capitalization of $43.71 billion, a PE ratio of 23.74 and a beta of 1.12. The stock’s 50-day moving average price is $71.67 and its 200 day moving average price is $66.92.

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

In other news, insider Debashis Chatterjee sold 3,452 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $69.50, for a total value of $239,914.00. Following the completion of the transaction, the insider now owns 42,628 shares in the company, valued at approximately $2,962,646. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $69.50, for a total value of $347,430.50. Following the completion of the transaction, the insider now owns 10,515 shares of the company’s stock, valued at approximately $730,792.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,324 shares of company stock valued at $20,518,833. Insiders own 1.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. grew its position in shares of Cognizant Technology Solutions Corporation by 0.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 3,633 shares of the information technology service provider’s stock worth $241,000 after acquiring an additional 11 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Cognizant Technology Solutions Corporation by 1.2% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after acquiring an additional 27 shares in the last quarter. First Capital Advisors Group LLC. grew its position in shares of Cognizant Technology Solutions Corporation by 0.9% in the 2nd quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock worth $244,000 after acquiring an additional 32 shares in the last quarter. Comerica Securities Inc. grew its position in shares of Cognizant Technology Solutions Corporation by 0.4% in the 2nd quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after acquiring an additional 32 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Cognizant Technology Solutions Corporation by 0.5% in the 2nd quarter. CENTRAL TRUST Co now owns 6,403 shares of the information technology service provider’s stock worth $425,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 87.60% of the company’s stock.

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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.

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