BSW Wealth Partners Purchases 409 Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH)

BSW Wealth Partners lifted its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,415 shares of the information technology service provider’s stock after buying an additional 409 shares during the period. BSW Wealth Partners’ holdings in Cognizant Technology Solutions were worth $340,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CTSH. Creative Planning lifted its holdings in shares of Cognizant Technology Solutions by 5.6% during the 2nd quarter. Creative Planning now owns 40,905 shares of the information technology service provider’s stock valued at $2,782,000 after purchasing an additional 2,181 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Cognizant Technology Solutions by 43.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,555 shares of the information technology service provider’s stock valued at $1,534,000 after buying an additional 6,838 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Cognizant Technology Solutions in the second quarter valued at approximately $4,714,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Cognizant Technology Solutions by 1,338.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 666,144 shares of the information technology service provider’s stock worth $45,298,000 after acquiring an additional 619,844 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Cognizant Technology Solutions by 18.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,787 shares of the information technology service provider’s stock worth $138,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.3 %

Shares of NASDAQ:CTSH opened at $81.19 on Thursday. The company has a 50-day simple moving average of $78.94 and a 200 day simple moving average of $77.11. The company has a market capitalization of $40.26 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.06 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 $82.46.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. Sell-side analysts forecast that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. TD Cowen boosted their target price on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Mizuho raised their price target on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Fifteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and a consensus price target of $81.19.

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 shares were sold at an average price of $80.11, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

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.