Mount Yale Investment Advisors LLC Sells 371 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Mount Yale Investment Advisors LLC reduced its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSHFree Report) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,770 shares of the information technology service provider’s stock after selling 371 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Cognizant Technology Solutions were worth $290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $1,972,000. Retirement Systems of Alabama increased its holdings in Cognizant Technology Solutions by 3.5% during the third quarter. Retirement Systems of Alabama now owns 1,187,850 shares of the information technology service provider’s stock worth $91,678,000 after buying an additional 40,226 shares during the last quarter. CGN Advisors LLC bought a new stake in Cognizant Technology Solutions in the fourth quarter worth about $1,294,000. Daiwa Securities Group Inc. boosted its stake in Cognizant Technology Solutions by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 101,420 shares of the information technology service provider’s stock valued at $7,828,000 after acquiring an additional 11,349 shares during the last quarter. Finally, Trinity Legacy Partners LLC grew its position in shares of Cognizant Technology Solutions by 14.3% during the 3rd quarter. Trinity Legacy Partners LLC now owns 60,291 shares of the information technology service provider’s stock valued at $4,629,000 after acquiring an additional 7,547 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CTSH has been the topic of a number of research reports. StockNews.com cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. TD Cowen upped their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Mizuho upped their price objective 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. Finally, Robert W. Baird lifted their target price on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Fifteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $81.19.

Get Our Latest Stock Analysis on CTSH

Cognizant Technology Solutions Stock Up 0.3 %

CTSH opened at $81.19 on Thursday. 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 $82.46. The firm has a market capitalization of $40.26 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The company has a fifty day moving average price of $78.94 and a 200-day moving average price of $77.11.

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

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the transaction, the chief accounting officer now owns 39,022 shares of the company’s stock, valued at $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 available at this hyperlink. 0.26% of the stock is owned by company insiders.

Cognizant Technology Solutions Company Profile

(Free Report)

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.

See Also

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

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