Cognizant Technology Solutions Co. (NASDAQ:CTSH) Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC decreased its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 5.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,983 shares of the information technology service provider’s stock after selling 1,138 shares during the period. Cognizant Technology Solutions makes up 0.8% of Donald L. Hagan LLC’s investment portfolio, making the stock its 25th largest position. Donald L. Hagan LLC’s holdings in Cognizant Technology Solutions were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Graypoint LLC lifted its stake in Cognizant Technology Solutions by 2.9% in the 4th quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock worth $369,000 after acquiring an additional 134 shares in the last quarter. Sandy Cove Advisors LLC lifted its stake in Cognizant Technology Solutions by 3.2% in the 4th quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock worth $333,000 after acquiring an additional 135 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in Cognizant Technology Solutions by 47.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock worth $35,000 after acquiring an additional 146 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Cognizant Technology Solutions by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider’s stock worth $669,000 after acquiring an additional 183 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $82.76 on Friday. The business has a 50 day moving average price of $79.01 and a 200 day moving average price of $77.14. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $83.47. The company has a market cap of $41.03 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.17 and a beta of 1.07. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current year.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the sale, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. This trade represents a 11.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays raised Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $95.00 in a research report on Tuesday, December 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. Robert W. Baird upped their target price on Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. TD Cowen upped their target price on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Fifteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average price target of $81.19.

Cognizant Technology Solutions Company 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.