Cognizant Technology Solutions Corporation $CTSH Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSHFree Report) by 79.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,148 shares of the information technology service provider’s stock after selling 34,533 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Cognizant Technology Solutions were worth $614,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Hilltop National Bank acquired a new position in Cognizant Technology Solutions during the second quarter worth about $27,000. NewSquare Capital LLC grew its position in shares of Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Cognizant Technology Solutions by 267.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. lifted its stake in Cognizant Technology Solutions by 118.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock valued at $44,000 after buying an additional 309 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions News Summary

Here are the key news stories impacting Cognizant Technology Solutions this week:

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $82.45 on Friday. The company has a market cap of $39.79 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.60 and a beta of 0.96. The firm’s 50 day moving average is $82.68 and its two-hundred day moving average is $74.88. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSHGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. Analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief accounting officer directly owned 36,149 shares in the company, valued at $2,891,920. This represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the completion of the transaction, the director directly owned 29,729 shares in the company, valued at $2,504,073.67. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 27,706 shares of company stock valued at $2,317,281. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CTSH shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday, December 29th. Berenberg Bank set a $107.00 price objective on Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Citigroup reiterated a “neutral” rating and set a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a report on Thursday, January 22nd. Finally, UBS Group reissued a “neutral” rating and set a $82.00 price objective (up previously from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $90.28.

Check Out Our Latest Analysis on Cognizant Technology Solutions

Cognizant Technology Solutions Profile

(Free Report)

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.

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

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