Cognizant Technology Solutions Co. (NASDAQ:CTSH) Stock Holdings Increased by Foster & Motley Inc.

Foster & Motley Inc. grew its position in Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,670 shares of the information technology service provider's stock after buying an additional 3,520 shares during the quarter. Foster & Motley Inc.'s holdings in Cognizant Technology Solutions were worth $4,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Graypoint LLC boosted its holdings in shares of Cognizant Technology Solutions by 2.9% during the fourth quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider's stock worth $369,000 after purchasing an additional 134 shares during the last quarter. Sandy Cove Advisors LLC grew its holdings 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 valued at $333,000 after buying an additional 135 shares during the period. Pinnacle Bancorp Inc. grew its holdings 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 valued at $35,000 after buying an additional 146 shares during the period. Ritholtz Wealth Management boosted its position in shares of Cognizant Technology Solutions by 2.1% in the fourth 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 during the last quarter. Finally, Addison Advisors LLC grew its holdings in Cognizant Technology Solutions by 127.7% in the third quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider's stock valued at $26,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CTSH. Mizuho lifted their target price on Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, November 1st. TD Cowen raised their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a "hold" rating on shares of Cognizant Technology Solutions in a research note on Thursday, October 31st. Barclays raised shares of Cognizant Technology Solutions from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $80.00 to $95.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird upped their price target 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 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, Cognizant Technology Solutions currently has an average rating of "Hold" and a consensus target price of $81.19.

Insider Activity

In related news, CAO John Sunshin Kim sold 5,000 shares of Cognizant Technology Solutions stock in a transaction 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 transaction, the chief accounting officer now directly owns 39,022 shares in the company, valued at $3,126,052.42. The trade was a 11.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Cognizant Technology Solutions Stock Performance

Shares of CTSH traded up $2.15 during midday trading on Thursday, hitting $83.34. 1,513,973 shares of the stock traded hands, compared to its average volume of 2,542,051. The business's 50 day moving average price is $79.01 and its two-hundred day moving average price is $77.14. Cognizant Technology Solutions Co. has a 1-year low of $63.79 and a 1-year high of $83.47. The firm has a market capitalization of $41.32 billion, a PE ratio of 18.42, 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 (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.99 billion. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities research analysts predict that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

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.