Oakwood Capital Management LLC CA lowered its position in Cognizant Technology Solutions Corp. (NASDAQ:CTSH) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,292 shares of the information technology service provider’s stock after selling 1,520 shares during the period. Oakwood Capital Management LLC CA’s holdings in Cognizant Technology Solutions Corp. were worth $5,054,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CTSH. Nordea Investment Management AB raised its position in shares of Cognizant Technology Solutions Corp. by 149.0% in the second quarter. Nordea Investment Management AB now owns 8,694,123 shares of the information technology service provider’s stock worth $497,652,000 after buying an additional 5,203,100 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Cognizant Technology Solutions Corp. by 5.5% in the first quarter. Wellington Management Group LLP now owns 8,331,127 shares of the information technology service provider’s stock worth $522,361,000 after buying an additional 436,001 shares in the last quarter. Swedbank raised its position in shares of Cognizant Technology Solutions Corp. by 4.0% in the second quarter. Swedbank now owns 6,850,480 shares of the information technology service provider’s stock worth $392,121,000 after buying an additional 261,840 shares in the last quarter. Vontobel Asset Management Inc. raised its position in shares of Cognizant Technology Solutions Corp. by 139.4% in the first quarter. Vontobel Asset Management Inc. now owns 6,725,741 shares of the information technology service provider’s stock worth $428,145,000 after buying an additional 3,915,846 shares in the last quarter. Finally, Genesis Asset Managers LLP raised its position in shares of Cognizant Technology Solutions Corp. by 10.7% in the second quarter. Genesis Asset Managers LLP now owns 6,501,053 shares of the information technology service provider’s stock worth $372,120,000 after buying an additional 629,700 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 0.93% on Wednesday, reaching $53.45. 3,942,092 shares of the company’s stock were exchanged. The company’s 50 day moving average is $56.89 and its 200-day moving average is $58.94. The stock has a market cap of $32.44 billion, a price-to-earnings ratio of 21.55 and a beta of 1.28. Cognizant Technology Solutions Corp. has a one year low of $51.22 and a one year high of $69.80.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its quarterly earnings results on Friday, August 5th. The information technology service provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Cognizant Technology Solutions Corp. had a return on equity of 19.31% and a net margin of 11.65%. The business earned $3.37 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts anticipate that Cognizant Technology Solutions Corp. will post $3.37 EPS for the current year.

CTSH has been the subject of a number of research reports. 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 report on Monday, August 8th. 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. Needham & Company LLC cut 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. JPMorgan Chase & Co. restated a “buy” rating and issued a $62.00 price objective on shares of Cognizant Technology Solutions Corp. in a research report on Wednesday, August 3rd. Finally, Barclays PLC cut their price objective on shares of Cognizant Technology Solutions Corp. from $70.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.87.

In other Cognizant Technology Solutions Corp. news, CEO Francisco Dsouza sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $58.57, for a total value of $5,857,000.00. Following the completion of the transaction, the chief executive officer now directly owns 422,602 shares in the company, valued at approximately $24,751,799.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Malcolm Frank sold 1,248 shares of the company’s 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 completion of the transaction, the vice president now owns 3,945 shares of the company’s stock, valued at $230,782.50. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Cognizant Technology Solutions Corp. Company Profile

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.

5 Day Chart for NASDAQ:CTSH

Want to see what other hedge funds are holding CTSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cognizant Technology Solutions Corp. (NASDAQ:CTSH).

Receive News & Ratings for Cognizant Technology Solutions Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corp. and related companies with MarketBeat.com's FREE daily email newsletter.