WFG Advisors LP boosted its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 46.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,958 shares of the information technology service provider’s stock after buying an additional 621 shares during the quarter. WFG Advisors LP’s holdings in Cognizant Technology Solutions Corporation were worth $130,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its holdings in Cognizant Technology Solutions Corporation by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares in the last quarter. Krilogy Financial LLC acquired a new position in Cognizant Technology Solutions Corporation during the 2nd quarter worth $137,000. Guardian Life Insurance Co. of America lifted its holdings in Cognizant Technology Solutions Corporation by 1.2% during 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 buying an additional 27 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Cognizant Technology Solutions Corporation by 15.7% during the 2nd quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after buying an additional 370 shares in the last quarter. Finally, First National Trust Co. acquired a new position in Cognizant Technology Solutions Corporation during the 2nd quarter worth $207,000. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

In other Cognizant Technology Solutions Corporation news, COO Srinivasan Veeraraghavachary sold 2,500 shares of Cognizant Technology Solutions Corporation stock in a transaction on Friday, August 4th. The shares were 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 $1,928,715. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Venkat Krishnaswamy sold 8,151 shares of Cognizant Technology Solutions Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $70.93, for a total transaction 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 281,095 shares of company stock valued at $20,095,913. Insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at 74.80 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $50.11 and a 52-week high of $74.82. The company has a market cap of $44.18 billion, a PE ratio of 24.00 and a beta of 1.12. The company has a 50 day moving average of $72.63 and a 200-day moving average of $67.67.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its quarterly earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating the 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 firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

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CTSH has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Sunday, October 8th. Robert W. Baird reaffirmed a “buy” rating and set a $80.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Sunday, September 10th. Vetr raised Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price objective on the stock in a report on Tuesday, September 19th. Bank of America Corporation reaffirmed a “buy” rating and set a $86.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Tuesday, September 12th. Finally, Wedbush reiterated an “outperform” rating on shares of Cognizant Technology Solutions Corporation in a research report on Monday, September 18th. Four 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 stock. The stock has a consensus rating of “Buy” and an average price target of $74.07.

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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