Investors bought shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) on weakness during trading hours on Thursday. $33.43 million flowed into the stock on the tick-up and $22.79 million flowed out of the stock on the tick-down, for a money net flow of $10.64 million into the stock. Of all equities tracked, Cognizant Technology Solutions Corp. had the 12th highest net in-flow for the day. Cognizant Technology Solutions Corp. traded down ($0.20) for the day and closed at $57.33

Several brokerages recently issued reports on CTSH. Barclays PLC restated a “buy” rating on shares of Cognizant Technology Solutions Corp. in a research note on Saturday, July 9th. SunTrust Banks Inc. cut Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $65.00 in a research note on Tuesday, July 12th. Citigroup Inc. reduced their price objective on Cognizant Technology Solutions Corp. from $71.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Cantor Fitzgerald restated a “buy” rating and set a $68.00 price objective on shares of Cognizant Technology Solutions Corp. in a research note on Wednesday, June 29th. Finally, Pacific Crest started coverage on Cognizant Technology Solutions Corp. in a research note on Tuesday, July 12th. They set an “overweight” rating and a $69.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $68.00.

The company has a market cap of $34.80 billion and a PE ratio of 23.12. The firm has a 50-day moving average price of $57.97 and a 200 day moving average price of $59.14.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its quarterly earnings results on Friday, August 5th. The information technology service provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. During the same period in the prior year, the firm earned $0.79 EPS. The company earned $3.37 billion during the quarter, compared to analyst estimates of $3.37 billion. Cognizant Technology Solutions Corp.’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts expect that Cognizant Technology Solutions Corp. will post $3.37 earnings per share for the current fiscal year.

In other Cognizant Technology Solutions Corp. news, Vice Chairman Chandrasekaran Ramakrishnan sold 15,922 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $63.00, for a total value of $1,003,086.00. Following the transaction, the insider now owns 364,972 shares of the company’s stock, valued at $22,993,236. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Francisco Dsouza sold 200,000 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $57.69, for a total value of $11,538,000.00. Following the completion of the transaction, the chief executive officer now directly owns 422,602 shares in the company, valued at approximately $24,379,909.38. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of CTSH. Schroder Investment Management Group raised its position in Cognizant Technology Solutions Corp. by 16.5% in the fourth quarter. Schroder Investment Management Group now owns 4,471,769 shares of the information technology service provider’s stock worth $268,395,000 after buying an additional 634,042 shares in the last quarter. Westfield Capital Management Co. LP raised its position in Cognizant Technology Solutions Corp. by 10.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,700,221 shares of the information technology service provider’s stock worth $102,047,000 after buying an additional 165,207 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Cognizant Technology Solutions Corp. by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,826 shares of the information technology service provider’s stock worth $54,434,000 after buying an additional 66,838 shares in the last quarter. State of Tennessee Treasury Department raised its position in Cognizant Technology Solutions Corp. by 26.5% in the fourth quarter. State of Tennessee Treasury Department now owns 545,106 shares of the information technology service provider’s stock worth $32,717,000 after buying an additional 114,030 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in Cognizant Technology Solutions Corp. by 7.5% in the fourth quarter. Employees Retirement System of Texas now owns 257,200 shares of the information technology service provider’s stock worth $15,437,000 after buying an additional 18,000 shares in the last quarter.

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology.

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