Greenleaf Trust Grows Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Greenleaf Trust increased its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,522 shares of the information technology service provider’s stock after acquiring an additional 196 shares during the quarter. Greenleaf Trust’s holdings in Cognizant Technology Solutions were worth $502,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter worth $1,972,000. Retirement Systems of Alabama lifted its holdings in Cognizant Technology Solutions by 3.5% in the 3rd quarter. Retirement Systems of Alabama now owns 1,187,850 shares of the information technology service provider’s stock worth $91,678,000 after purchasing an additional 40,226 shares in the last quarter. CGN Advisors LLC purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $1,294,000. Matthews International Capital Management LLC lifted its holdings in Cognizant Technology Solutions by 52.0% in the 4th quarter. Matthews International Capital Management LLC now owns 50,108 shares of the information technology service provider’s stock worth $3,853,000 after purchasing an additional 17,134 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Cognizant Technology Solutions by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 101,420 shares of the information technology service provider’s stock valued at $7,828,000 after acquiring an additional 11,349 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total transaction of $400,550.00. Following the sale, the chief accounting officer now directly owns 39,022 shares in the company, valued at $3,126,052.42. This trade represents a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group lifted their price objective on Cognizant Technology Solutions from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Mizuho upped their price target on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Barclays raised shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $95.00 in a research note on Tuesday, December 17th. Seventeen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $81.39.

Cognizant Technology Solutions Stock Performance

CTSH opened at $83.54 on Wednesday. Cognizant Technology Solutions Co. has a 12-month low of $63.79 and a 12-month high of $83.97. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $41.42 billion, a PE ratio of 18.48, a P/E/G ratio of 2.21 and a beta of 1.07. The firm has a 50 day moving average of $79.20 and a two-hundred day moving average of $77.34.

About Cognizant Technology Solutions

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.