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 companies 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 research analysts recently issued reports on CTSH shares. Nomura lowered shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $65.00 to $62.00 in a research note on Monday, August 8th. Jefferies Group reissued a “buy” rating and set a $70.00 target price on shares of Cognizant Technology Solutions Corp. in a research note on Monday, June 20th. Zacks Investment Research raised shares of Cognizant Technology Solutions Corp. from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, May 10th. SunTrust Banks Inc. lowered shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, July 12th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $68.00 target price on shares of Cognizant Technology Solutions Corp. in a research note on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $68.00.

The stock has a 50 day moving average price of $57.85 and a 200-day moving average price of $59.12. The company has a market capitalization of $35.32 billion and a price-to-earnings ratio of 23.47.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its earnings results on Friday, August 5th. The information technology service provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm posted $0.79 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts forecast that Cognizant Technology Solutions Corp. will post $3.37 EPS for the current fiscal year.

In other news, CFO Karen Mcloughlin sold 20,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $60.00, for a total transaction of $1,200,000.00. Following the sale, the chief financial officer now owns 60,741 shares in the company, valued at approximately $3,644,460. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John E. Klein sold 61,229 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $61.30, for a total transaction of $3,753,337.70. Following the sale, the chairman now owns 433,775 shares in the company, valued at approximately $26,590,407.50. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the stock. Marco Investment Management LLC boosted its stake in shares of Cognizant Technology Solutions Corp. by 7.5% in the fourth quarter. Marco Investment Management LLC now owns 34,350 shares of the information technology service provider’s stock worth $2,062,000 after buying an additional 2,400 shares during the period. KBC Group NV boosted its stake in shares of Cognizant Technology Solutions Corp. by 109.8% in the fourth quarter. KBC Group NV now owns 240,634 shares of the information technology service provider’s stock worth $14,443,000 after buying an additional 125,916 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of 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 during the period. Employees Retirement System of Texas boosted its stake in shares of 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 during the period. Finally, Affinity Investment Advisors LLC boosted its stake in shares of Cognizant Technology Solutions Corp. by 0.6% in the fourth quarter. Affinity Investment Advisors LLC now owns 19,158 shares of the information technology service provider’s stock worth $1,150,000 after buying an additional 110 shares during the period.

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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