Nilsine Partners LLC Has $314,000 Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Nilsine Partners LLC boosted its holdings in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,082 shares of the information technology service provider’s stock after buying an additional 481 shares during the quarter. Nilsine Partners LLC’s holdings in Cognizant Technology Solutions were worth $314,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $1,972,000. Retirement Systems of Alabama boosted its position in Cognizant Technology Solutions by 3.5% during the third quarter. Retirement Systems of Alabama now owns 1,187,850 shares of the information technology service provider’s stock worth $91,678,000 after purchasing an additional 40,226 shares during the period. CGN Advisors LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $1,294,000. Daiwa Securities Group Inc. lifted its stake in shares of Cognizant Technology Solutions by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 101,420 shares of the information technology service provider’s stock worth $7,828,000 after buying an additional 11,349 shares during the last quarter. Finally, Trinity Legacy Partners LLC boosted its holdings in shares of Cognizant Technology Solutions by 14.3% during the 3rd quarter. Trinity Legacy Partners LLC now owns 60,291 shares of the information technology service provider’s stock worth $4,629,000 after buying an additional 7,547 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total transaction of $400,550.00. Following the sale, the chief accounting officer now directly owns 39,022 shares in the company, valued at $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CTSH. Barclays upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. Mizuho boosted their price objective on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. StockNews.com lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price target on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, TD Cowen raised their price objective on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Fifteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $81.19.

Cognizant Technology Solutions Trading Up 0.3 %

Shares of CTSH opened at $81.19 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The stock has a market cap of $40.26 billion, a PE ratio of 17.96, a PEG ratio of 2.06 and a beta of 1.07. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.46. The stock has a 50 day simple moving average of $78.94 and a 200-day simple moving average of $77.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the business earned $1.16 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.