Linscomb & Williams Inc. acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,830 shares of the information technology service provider’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTSH. Cleararc Capital Inc. lifted its position in shares of Cognizant Technology Solutions Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 14,887 shares of the information technology service provider’s stock worth $886,000 after buying an additional 130 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Cognizant Technology Solutions Corporation by 11,666.2% in the first quarter. Thrivent Financial For Lutherans now owns 2,468,550 shares of the information technology service provider’s stock worth $146,928,000 after buying an additional 2,447,570 shares during the last quarter. Edgewood Management LLC lifted its position in shares of Cognizant Technology Solutions Corporation by 3.9% in the first quarter. Edgewood Management LLC now owns 14,706,635 shares of the information technology service provider’s stock worth $875,339,000 after buying an additional 557,035 shares during the last quarter. Loews Corp lifted its position in shares of Cognizant Technology Solutions Corporation by 13.4% in the first quarter. Loews Corp now owns 4,990 shares of the information technology service provider’s stock worth $297,000 after buying an additional 590 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of Cognizant Technology Solutions Corporation by 9.6% in the first quarter. Global X Management Co. LLC now owns 7,639 shares of the information technology service provider’s stock worth $455,000 after buying an additional 669 shares during the last quarter. 87.35% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. Citigroup Inc. boosted their price target on Cognizant Technology Solutions Corporation from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays PLC boosted their price target on Cognizant Technology Solutions Corporation from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. Robert W. Baird boosted their price target on Cognizant Technology Solutions Corporation from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Sunday, October 8th. Finally, Zacks Investment Research raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $77.67.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded up 0.709% during midday trading on Tuesday, hitting $76.045. The stock had a trading volume of 2,357,714 shares. The company has a market cap of $44.91 billion, a price-to-earnings ratio of 24.397 and a beta of 1.12. Cognizant Technology Solutions Corporation has a 1-year low of $51.12 and a 1-year high of $76.51. The company’s 50 day moving average is $73.22 and its 200 day moving average is $68.52.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

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In other news, EVP James Patrick Lennox sold 7,315 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $69.69, for a total transaction of $509,782.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Srinivasan Veeraraghavachary sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $71.00, for a total transaction of $177,500.00. Following the transaction, the chief operating officer now directly owns 27,165 shares in the company, valued at $1,928,715. The disclosure for this sale can be found here. Insiders have sold 281,095 shares of company stock worth $20,095,913 over the last ninety days. Insiders own 1.08% of the company’s stock.

About Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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

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