Todays Report: Today, Boston Common Asset Management LLC decides to keep it stake in Cognizant Technology Solutions Corp. (CTSH) to the level of $4,354,000

Today, Boston Common Asset Management LLC decides to keep it stake in Cognizant Technology Solutions Corp. (CTSH) to the level of $4,354,000

Boston Common Asset Management LLC raised its stake in Cognizant Technology Solutions Corp. (NASDAQ:CTSH) by 14.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,257 shares of the information technology service provider’s stock after buying an additional 11,800 shares during the period. Boston Common Asset Management LLC’s holdings in Cognizant Technology Solutions Corp. were worth $4,354,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Albion Financial Group UT raised its position in Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Albion Financial Group UT now owns 6,830 shares of the information technology service provider’s stock worth $391,000 after buying an additional 25 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Cognizant Technology Solutions Corp. by 0.6% in the third quarter. Gradient Investments LLC now owns 5,385 shares of the information technology service provider’s stock worth $257,000 after buying an additional 34 shares during the period. LS Investment Advisors LLC increased its stake in shares of Cognizant Technology Solutions Corp. by 0.3% in the second quarter. LS Investment Advisors LLC now owns 13,412 shares of the information technology service provider’s stock worth $768,000 after buying an additional 46 shares during the period. Commerce Bank increased its stake in shares of Cognizant Technology Solutions Corp. by 1.5% in the second quarter. Commerce Bank now owns 3,971 shares of the information technology service provider’s stock worth $227,000 after buying an additional 57 shares during the period. Finally, Wedbush Securities Inc. increased its stake in shares of Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Wedbush Securities Inc. now owns 18,283 shares of the information technology service provider’s stock worth $1,047,000 after buying an additional 75 shares during the period. Institutional investors own 85.29% of the company’s stock.

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 1.77% on Friday, reaching $52.78. 1,082,865 shares of the company’s stock were exchanged. The stock has a market cap of $32.02 billion, a P/E ratio of 20.62 and a beta of 1.34. The company’s 50 day moving average price is $52.05 and its 200-day moving average price is $56.59. Cognizant Technology Solutions Corp. has a 52-week low of $45.44 and a 52-week high of $65.91.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its earnings results on Monday, November 7th. The information technology service provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm earned $3.45 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Cognizant Technology Solutions Corp. had a net margin of 11.78% and a return on equity of 19.42%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities analysts forecast that Cognizant Technology Solutions Corp. will post $3.37 EPS for the current fiscal year.

A number of analysts have weighed in on CTSH shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 price target on shares of Cognizant Technology Solutions Corp. in a report on Wednesday, August 3rd. Cantor Fitzgerald set a $68.00 price target on shares of Cognizant Technology Solutions Corp. and gave the company a “buy” rating in a report on Friday, August 5th. Nomura downgraded shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and reduced their price target for the company from $65.00 to $62.00 in a report on Monday, August 8th. Needham & Company LLC reduced their price target on shares of Cognizant Technology Solutions Corp. from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, August 8th. Finally, Zacks Investment Research raised shares of Cognizant Technology Solutions Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.99.

In related news, CFO Karen Mcloughlin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $51.27, for a total value of $512,700.00. Following the completion of the transaction, the chief financial officer now owns 52,614 shares in the company, valued at approximately $2,697,519.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Malcolm Frank sold 1,248 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $58.50, for a total transaction of $73,008.00. Following the completion of the transaction, the vice president now owns 3,945 shares of the company’s stock, valued at approximately $230,782.50. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

About Cognizant Technology Solutions Corp.

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.

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