Blue Trust Inc. Acquires 1,008 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Blue Trust Inc. raised its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,179 shares of the information technology service provider’s stock after purchasing an additional 1,008 shares during the quarter. Blue Trust Inc.’s holdings in Cognizant Technology Solutions were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CTSH. Graypoint LLC lifted its stake in Cognizant Technology Solutions by 2.9% during the 4th quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock valued at $369,000 after acquiring an additional 134 shares in the last quarter. Sandy Cove Advisors LLC boosted its holdings in Cognizant Technology Solutions by 3.2% during the fourth quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock worth $333,000 after purchasing an additional 135 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in Cognizant Technology Solutions by 47.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after purchasing an additional 146 shares in the last quarter. Ritholtz Wealth Management increased its stake in Cognizant Technology Solutions by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider’s stock valued at $669,000 after buying an additional 183 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Cognizant Technology Solutions by 127.7% during the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the sale, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Cognizant Technology Solutions Stock Down 0.2 %

Shares of NASDAQ:CTSH opened at $82.61 on Friday. The firm has a fifty day moving average price of $79.10 and a two-hundred day moving average price of $77.18. The company has a market cap of $40.96 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.17 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $83.47.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. Analysts anticipate that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their price objective on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday. Mizuho increased their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, TD Cowen upped their price objective on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $81.12.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.