Reilly Financial Advisors LLC lifted its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,560 shares of the information technology service provider’s stock after purchasing an additional 2,170 shares during the period. Reilly Financial Advisors LLC’s holdings in Cognizant Technology Solutions were worth $1,432,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Redwood Investments LLC bought a new stake in shares of Cognizant Technology Solutions during the second quarter worth approximately $917,000. Madison Investment Holdings Inc. bought a new stake in shares of Cognizant Technology Solutions during the second quarter worth approximately $50,081,000. Natixis bought a new stake in shares of Cognizant Technology Solutions during the second quarter worth approximately $8,902,000. Andra AP fonden raised its stake in shares of Cognizant Technology Solutions by 15.7% during the second quarter. Andra AP fonden now owns 134,600 shares of the information technology service provider’s stock worth $10,632,000 after buying an additional 18,300 shares during the last quarter. Finally, Linscomb & Williams Inc. raised its stake in shares of Cognizant Technology Solutions by 24.1% during the second quarter. Linscomb & Williams Inc. now owns 5,793 shares of the information technology service provider’s stock worth $458,000 after buying an additional 1,125 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

NASDAQ:CTSH traded up $0.42 during trading hours on Friday, hitting $74.01. The stock had a trading volume of 128,017 shares, compared to its average volume of 3,122,675. Cognizant Technology Solutions Corp has a one year low of $69.69 and a one year high of $85.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.27 and a current ratio of 3.27. The company has a market capitalization of $42.93 billion, a PE ratio of 21.08, a PEG ratio of 1.36 and a beta of 0.90.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Cognizant Technology Solutions had a net margin of 9.37% and a return on equity of 21.66%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current year.

In other news, SVP Robert Telesmanic sold 17,986 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $77.62, for a total transaction of $1,396,073.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Allen Shaheen sold 352 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $74.89, for a total transaction of $26,361.28. The disclosure for this sale can be found here. Insiders sold 48,288 shares of company stock valued at $3,694,551 in the last ninety days. Insiders own 0.60% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Moffett Nathanson assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 4th. They set a “neutral” rating and a $85.00 price target for the company. HSBC raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Bank of America downgraded shares of Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $91.00 to $81.00 in a research note on Tuesday, September 4th. JPMorgan Chase & Co. downgraded shares of Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and set a $66.00 price target for the company. in a research note on Tuesday, August 14th. Finally, KeyCorp dropped their price target on shares of Cognizant Technology Solutions from $91.00 to $89.00 and set an “overweight” rating for the company in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.73.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

Further Reading: Understanding Relative Strength Index

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

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