Livforsakringsbolaget Skandia Omsesidigt cut its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,920 shares of the information technology service provider’s stock after selling 2,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cognizant Technology Solutions were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Edgewood Management LLC increased its position in Cognizant Technology Solutions by 9.3% in the 3rd quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock valued at $1,227,063,000 after buying an additional 1,443,368 shares in the last quarter. Nordea Investment Management AB increased its position in Cognizant Technology Solutions by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock valued at $730,914,000 after buying an additional 313,364 shares in the last quarter. Comgest Global Investors S.A.S. increased its position in Cognizant Technology Solutions by 24.5% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock valued at $538,001,000 after buying an additional 1,461,800 shares in the last quarter. Swedbank increased its position in Cognizant Technology Solutions by 1.8% in the 3rd quarter. Swedbank now owns 6,621,266 shares of the information technology service provider’s stock valued at $480,307,000 after buying an additional 116,263 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Cognizant Technology Solutions by 21.7% in the 3rd quarter. Schroder Investment Management Group now owns 3,984,247 shares of the information technology service provider’s stock valued at $287,424,000 after buying an additional 710,987 shares in the last quarter. 86.11% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Malcolm Frank sold 9,462 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total value of $668,111.82. Following the transaction, the vice president now owns 15,533 shares in the company, valued at $1,096,785.13. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Francisco Dsouza sold 482,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total value of $34,723,280.00. Following the completion of the transaction, the chief executive officer now owns 621,643 shares in the company, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. Insiders sold a total of 914,911 shares of company stock worth $66,861,834 in the last 90 days. Company insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) opened at $77.96 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. The company has a market capitalization of $45,970.00, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. Cognizant Technology Solutions Corp has a twelve month low of $51.52 and a twelve month high of $78.34.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the company posted $0.86 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. sell-side analysts predict that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

A number of analysts recently commented on CTSH shares. BidaskClub lowered Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Barclays boosted their target price on Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a research report on Sunday, October 8th. Zacks Investment Research lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Robert W. Baird boosted their target price on Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.98.

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Cognizant Technology Solutions Company Profile

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 (NASDAQ:CTSH)

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