Cognizant Technology Solutions Corporation (CTSH) Stake Held by Fayerweather Charles

Fayerweather Charles continued to hold its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) during the third quarter, Holdings Channel reports. The fund owned 5,600 shares of the information technology service provider’s stock at the end of the third quarter. Fayerweather Charles’ holdings in Cognizant Technology Solutions Corporation were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Virtus Investment Advisers Inc. bought a new position in shares of Cognizant Technology Solutions Corporation during the third quarter worth about $132,000. SRB Corp acquired a new stake in Cognizant Technology Solutions Corporation during the third quarter worth approximately $136,000. Washington Trust Bank raised its stake in Cognizant Technology Solutions Corporation by 94.5% in the third quarter. Washington Trust Bank now owns 3,479 shares of the information technology service provider’s stock worth $166,000 after buying an additional 1,690 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in Cognizant Technology Solutions Corporation by 1,207.9% in the third quarter. Cornerstone Advisors Inc. now owns 3,479 shares of the information technology service provider’s stock worth $166,000 after buying an additional 3,213 shares in the last quarter. Finally, Lenox Wealth Management Inc. raised its stake in Cognizant Technology Solutions Corporation by 5.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,414 shares of the information technology service provider’s stock worth $195,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 57.40 on Monday. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $63.23. The firm has a market capitalization of $34.84 billion, a PE ratio of 22.51 and a beta of 1.28. The firm has a 50-day moving average price of $55.92 and a 200 day moving average price of $55.04.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 8th. The information technology service provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.49 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.83% and a net margin of 11.52%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. Analysts anticipate that Cognizant Technology Solutions Corporation will post $3.65 EPS for the current fiscal year.

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A number of research firms have recently commented on CTSH. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $67.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $60.00 price target (down previously from $68.00) on shares of Cognizant Technology Solutions Corporation in a research report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Thursday. Citigroup Inc. raised their price target on Cognizant Technology Solutions Corporation to $0.87 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Vetr lowered Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $62.84 price target on the stock. in a research report on Wednesday, February 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $62.43.

In other news, VP Malcolm Frank sold 666 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $54.67, for a total value of $36,410.22. Following the transaction, the vice president now owns 4,520 shares in the company, valued at $247,108.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Karen Mcloughlin sold 1,873 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $58.16, for a total value of $108,933.68. Following the completion of the transaction, the chief financial officer now owns 40,741 shares in the company, valued at approximately $2,369,496.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,466 shares of company stock worth $3,201,816. Company insiders own 0.81% of the company’s stock.

About Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.

5 Day Chart for NASDAQ:CTSH

Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

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