Gofen & Glossberg LLC IL held its stake in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,646 shares of the information technology service provider’s stock at the close of the 2nd quarter. Gofen & Glossberg LLC IL’s holdings in Cognizant Technology Solutions Corporation were worth $375,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Acrospire Investment Management LLC boosted its holdings in Cognizant Technology Solutions Corporation by 92.6% in 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 in the last quarter. Krilogy Financial LLC bought a new stake in Cognizant Technology Solutions Corporation in the second quarter worth $137,000. Guardian Life Insurance Co. of America boosted its holdings in Cognizant Technology Solutions Corporation by 1.2% in 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 in the last quarter. Manchester Capital Management LLC boosted its holdings in Cognizant Technology Solutions Corporation by 15.7% in 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 in the last quarter. Finally, First National Trust Co. bought a new stake in Cognizant Technology Solutions Corporation in the second quarter worth $207,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Cognizant Technology Solutions Corporation (CTSH) traded down 0.38% during mid-day trading on Wednesday, reaching $73.69. 253,870 shares of the company’s stock were exchanged. The company has a 50-day moving average of $72.09 and a 200-day moving average of $67.25. The stock has a market cap of $43.52 billion, a price-to-earnings ratio of 23.64 and a beta of 1.12. Cognizant Technology Solutions Corporation has a 52-week low of $49.35 and a 52-week high of $74.77.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, topping 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 net margin of 13.36% and a return on equity of 18.72%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.

In other news, President Rajeev Mehta sold 32,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $71.02, for a total value of $2,272,640.00. Following the completion of the transaction, the president now directly owns 187,965 shares in the company, valued at $13,349,274.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Debashis Chatterjee sold 3,452 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $69.50, for a total transaction of $239,914.00. Following the completion of the transaction, the insider now owns 42,628 shares of the company’s stock, valued at $2,962,646. The disclosure for this sale can be found here. Insiders have sold 284,547 shares of company stock valued at $20,335,827 in the last quarter. Company insiders own 1.08% of the company’s stock.

CTSH has been the subject of a number of recent research reports. BidaskClub upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Cowen and Company restated a “buy” rating and set a $75.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, July 28th. Vetr upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $71.62 price target for the company in a report on Wednesday, August 2nd. Loop Capital upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $63.00 to $83.00 in a report 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. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Cognizant Technology Solutions Corporation has an average rating of “Buy” and a consensus target price of $73.66.

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

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