Cognizant Technology Solutions Co. (NASDAQ:CTSH) Stock Position Decreased by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,009 shares of the information technology service provider’s stock after selling 550 shares during the quarter. Boston Trust Walden Corp’s holdings in Cognizant Technology Solutions were worth $10,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CTSH. State Street Corp raised its position in Cognizant Technology Solutions by 3.6% in the 3rd quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider’s stock worth $1,928,405,000 after purchasing an additional 867,176 shares during the last quarter. Geode Capital Management LLC increased its position in Cognizant Technology Solutions by 1.3% during the third quarter. Geode Capital Management LLC now owns 13,280,223 shares of the information technology service provider’s stock worth $1,022,728,000 after acquiring an additional 173,667 shares during the period. Charles Schwab Investment Management Inc. raised its position in Cognizant Technology Solutions by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,244,731 shares of the information technology service provider’s stock valued at $250,428,000 after purchasing an additional 44,129 shares during the last quarter. Cibc World Market Inc. boosted its position in Cognizant Technology Solutions by 34.0% during the fourth quarter. Cibc World Market Inc. now owns 2,784,668 shares of the information technology service provider’s stock valued at $214,141,000 after acquiring an additional 705,946 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Cognizant Technology Solutions by 29.7% in the 3rd quarter. Bank of Montreal Can now owns 2,748,982 shares of the information technology service provider’s stock valued at $211,369,000 after buying an additional 628,970 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 CTSH stock opened at $82.90 on Tuesday. The firm’s 50 day moving average price is $79.16 and its two-hundred day moving average price is $77.29. The stock has a market cap of $41.10 billion, a PE ratio of 18.34, a PEG ratio of 2.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions Co. has a 52-week low of $63.79 and a 52-week high of $83.47.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley upped their price objective on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday. UBS Group lifted their price objective on Cognizant Technology Solutions from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday. Barclays upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $95.00 in a research note on Tuesday, December 17th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. Seventeen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.39.

Insider Activity at Cognizant Technology Solutions

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

Cognizant Technology Solutions 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.