Manning & Napier Advisors LLC Has $12.62 Million Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Manning & Napier Advisors LLC reduced its stake in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 164,046 shares of the information technology service provider's stock after selling 9,969 shares during the period. Manning & Napier Advisors LLC's holdings in Cognizant Technology Solutions were worth $12,615,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Addison Advisors LLC raised its position in Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider's stock valued at $26,000 after buying an additional 189 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $30,000. Trust Co. of Vermont raised its holdings in shares of Cognizant Technology Solutions by 188.4% in the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider's stock valued at $34,000 after purchasing an additional 292 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Cognizant Technology Solutions by 47.4% in the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider's stock worth $35,000 after purchasing an additional 146 shares in the last quarter. Finally, Eastern Bank acquired a new position in Cognizant Technology Solutions during the third quarter worth $37,000. Institutional investors own 92.44% of the company's stock.

Cognizant Technology Solutions Stock Performance

CTSH traded up $2.06 during trading on Thursday, hitting $83.25. The stock had a trading volume of 1,447,960 shares, compared to its average volume of 2,537,829. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. The company has a 50 day moving average price of $79.01 and a 200-day moving average price of $77.14. Cognizant Technology Solutions Co. has a one year low of $63.79 and a one year high of $83.47. The firm has a market cap of $41.28 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.06 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the firm earned $1.16 earnings per share. Cognizant Technology Solutions's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts predict that Cognizant Technology Solutions Co. will post 4.66 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho boosted 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 report on Friday, November 1st. TD Cowen increased their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. StockNews.com cut Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Fifteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions presently has an average rating of "Hold" and an average price target of $81.19.

Insider Activity

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 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 represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company 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.