Cognizant Technology Solutions Corp (CTSH) Holdings Lifted by TrimTabs Asset Management LLC

TrimTabs Asset Management LLC increased its holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 5.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,137 shares of the information technology service provider’s stock after buying an additional 721 shares during the period. TrimTabs Asset Management LLC’s holdings in Cognizant Technology Solutions were worth $1,097,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Cognizant Technology Solutions by 0.6% in the fourth quarter. BlackRock Inc. now owns 45,024,003 shares of the information technology service provider’s stock worth $2,858,124,000 after acquiring an additional 278,109 shares in the last quarter. Vanguard Group Inc. grew its position in Cognizant Technology Solutions by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,571,388 shares of the information technology service provider’s stock worth $3,361,533,000 after acquiring an additional 241,595 shares in the last quarter. Vanguard Group Inc grew its position in Cognizant Technology Solutions by 0.6% in the third quarter. Vanguard Group Inc now owns 43,571,388 shares of the information technology service provider’s stock worth $3,361,533,000 after acquiring an additional 241,595 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cognizant Technology Solutions by 4.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 25,183,792 shares of the information technology service provider’s stock worth $1,598,668,000 after buying an additional 1,106,129 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cognizant Technology Solutions by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 18,415,017 shares of the information technology service provider’s stock worth $1,420,720,000 after buying an additional 141,930 shares during the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.

Shares of CTSH traded up $0.05 during trading hours on Wednesday, hitting $71.95. The stock had a trading volume of 9,583 shares, compared to its average volume of 2,599,079. Cognizant Technology Solutions Corp has a 52 week low of $59.47 and a 52 week high of $83.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $41.35 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.66 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, February 6th. The information technology service provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. Cognizant Technology Solutions had a net margin of 13.03% and a return on equity of 22.15%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Corp will post 4.44 EPS for the current fiscal year.

CTSH has been the subject of a number of analyst reports. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, December 20th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Sanford C. Bernstein upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 25th. BMO Capital Markets upped their target price on shares of Cognizant Technology Solutions to $80.00 and gave the company a “market perform” rating in a research note on Monday, February 4th. Finally, KeyCorp upped their target price on shares of Cognizant Technology Solutions from $79.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.29.

In related news, President Rajeev Mehta sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $71.50, for a total value of $1,430,000.00. Following the sale, the president now directly owns 39,457 shares in the company, valued at approximately $2,821,175.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allen Shaheen sold 396 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $73.80, for a total transaction of $29,224.80. The disclosure for this sale can be found here. Insiders sold a total of 49,830 shares of company stock worth $3,588,232 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

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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 analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.

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

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