Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by BDF Gestion

BDF Gestion trimmed its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 11.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,646 shares of the information technology service provider’s stock after selling 5,408 shares during the quarter. BDF Gestion’s holdings in Cognizant Technology Solutions were worth $3,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTSH. Addison Advisors LLC increased its stake in Cognizant Technology Solutions by 127.7% during the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Cognizant Technology Solutions during the third quarter valued at $30,000. Trust Co. of Vermont increased its stake in Cognizant Technology Solutions by 188.4% during the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after purchasing an additional 292 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in Cognizant Technology Solutions by 47.4% during the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Finally, Eastern Bank bought a new stake in Cognizant Technology Solutions during the third quarter valued at $37,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $81.19 on Thursday. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $82.46. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $40.26 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.06 and a beta of 1.07. The firm has a 50-day moving average of $78.94 and a two-hundred day moving average of $77.11.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $95.00 in a report on Tuesday, December 17th. TD Cowen boosted their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Finally, Mizuho boosted their price target on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $81.19.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was 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. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Cognizant Technology Solutions 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.