Todays Report: Today: Cognizant Technology Solutions Corp. (CTSH) Stake Increased by Bronfman E.L. Rothschild L.P.

Today: Cognizant Technology Solutions Corp. (CTSH) Stake Increased by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. boosted its position in Cognizant Technology Solutions Corp. (NASDAQ:CTSH) by 26.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,595 shares of the information technology service provider’s stock after buying an additional 1,373 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Cognizant Technology Solutions Corp. were worth $315,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CTSH. LGT Capital Partners LTD. purchased a new stake in shares of Cognizant Technology Solutions Corp. during the second quarter worth about $8,837,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Cognizant Technology Solutions Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 523,988 shares of the information technology service provider’s stock worth $29,993,000 after buying an additional 3,387 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Cognizant Technology Solutions Corp. by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 156,830 shares of the information technology service provider’s stock worth $8,977,000 after buying an additional 8,524 shares during the period. Watch Point Trust Co boosted its stake in shares of Cognizant Technology Solutions Corp. by 4.7% in the second quarter. Watch Point Trust Co now owns 35,565 shares of the information technology service provider’s stock worth $2,036,000 after buying an additional 1,600 shares during the period. Finally, DNB Asset Management AS boosted its stake in shares of Cognizant Technology Solutions Corp. by 3.0% in the second quarter. DNB Asset Management AS now owns 44,148 shares of the information technology service provider’s stock worth $2,527,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 8.0742% during trading on Monday, reaching $57.5495. 16,785,963 shares of the company were exchanged. Cognizant Technology Solutions Corp. has a one year low of $45.44 and a one year high of $65.43. The company has a market capitalization of $34.92 billion, a PE ratio of 22.4803 and a beta of 1.34. The firm’s 50 day moving average price is $52.14 and its 200 day moving average price is $56.53.

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

Several equities research analysts have weighed in on CTSH shares. Needham & Company LLC lowered their price objective on shares of Cognizant Technology Solutions Corp. from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Nomura cut shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $65.00 to $62.00 in a research report on Monday, August 8th. Cantor Fitzgerald set a $68.00 price objective on shares of Cognizant Technology Solutions Corp. and gave the company a “buy” rating in a research report on Friday, August 5th. Wedbush started coverage on shares of Cognizant Technology Solutions Corp. in a research report on Thursday, September 8th. They issued a “neutral” rating and a $65.00 price objective for the company. Finally, Vetr cut shares of Cognizant Technology Solutions Corp. from a “strong-buy” rating to a “buy” rating and set a $65.33 price objective for the company. in a research report on Monday, September 5th. 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 company. The company currently has an average rating of “Buy” and a consensus price target of $64.99.

In other Cognizant Technology Solutions Corp. news, CFO Karen Mcloughlin sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $51.27, for a total transaction of $512,700.00. Following the transaction, the chief financial officer now directly owns 52,614 shares in the company, valued at approximately $2,697,519.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Malcolm Frank sold 1,248 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $58.50, for a total value of $73,008.00. Following the transaction, the vice president now owns 3,945 shares in the company, valued at $230,782.50. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

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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