Alpha Windward LLC increased its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,099 shares of the information technology service provider’s stock after acquiring an additional 256 shares during the quarter. Alpha Windward LLC’s holdings in Cognizant Technology Solutions were worth $133,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CTSH. Kistler Tiffany Companies LLC lifted its position in Cognizant Technology Solutions by 133.5% during the fourth quarter. Kistler Tiffany Companies LLC now owns 642 shares of the information technology service provider’s stock worth $41,000 after purchasing an additional 367 shares during the period. Willingdon Wealth Management bought a new stake in Cognizant Technology Solutions during the third quarter worth about $120,000. Johnson Financial Group Inc. raised its stake in Cognizant Technology Solutions by 2,434.4% during the third quarter. Johnson Financial Group Inc. now owns 1,622 shares of the information technology service provider’s stock worth $125,000 after acquiring an additional 1,558 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Cognizant Technology Solutions during the third quarter worth about $134,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Cognizant Technology Solutions during the third quarter worth about $146,000. 86.20% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the company. Cowen downgraded Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a research note on Monday, November 26th. Bank of America lowered their price objective on Cognizant Technology Solutions from $81.00 to $68.00 and set an “underperform” rating for the company in a research note on Friday, November 2nd. BMO Capital Markets downgraded Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $74.00 price objective for the company. in a research note on Wednesday, October 31st. KeyCorp lowered their price objective on Cognizant Technology Solutions from $89.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, October 31st. Finally, BidaskClub downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $81.81.
Shares of CTSH stock opened at $67.82 on Friday. Cognizant Technology Solutions Corp has a one year low of $59.47 and a one year high of $85.10. The company has a market capitalization of $38.53 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.32 and a beta of 0.97. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.06.
Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Tuesday, October 30th. The information technology service provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.06. Cognizant Technology Solutions had a return on equity of 22.54% and a net margin of 9.07%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Corp will post 4.19 EPS for the current fiscal year.
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Cognizant Technology Solutions Profile
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.
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