Cognizant Technology Solutions Corporation $CTSH Shares Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC grew its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 3,762.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,142 shares of the information technology service provider’s stock after acquiring an additional 24,491 shares during the period. Strengthening Families & Communities LLC’s holdings in Cognizant Technology Solutions were worth $1,699,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Hilltop National Bank acquired a new position in Cognizant Technology Solutions during the second quarter worth about $27,000. NewSquare Capital LLC raised its position in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 153 shares during the period. High Note Wealth LLC raised its holdings in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after buying an additional 449 shares during the period. Winnow Wealth LLC acquired a new stake in Cognizant Technology Solutions in the 3rd quarter valued at approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Cognizant Technology Solutions by 267.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 603 shares of the information technology service provider’s stock valued at $40,000 after buying an additional 439 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Up 1.0%

Cognizant Technology Solutions stock opened at $82.91 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market capitalization of $40.02 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.58 and a beta of 0.96. The stock’s fifty day moving average is $82.96 and its two-hundred day moving average is $74.99. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CTSH shares. Royal Bank Of Canada cut their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Susquehanna reiterated a “positive” rating and issued a $98.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, January 23rd. Wells Fargo & Company reiterated an “overweight” rating and set a $98.00 target price (up previously from $87.00) on shares of Cognizant Technology Solutions in a research report on Wednesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and set a $84.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Finally, Citigroup restated a “neutral” rating and issued a $86.00 price target (up previously from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus price target of $90.28.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the sale, the chief executive officer owned 75,209 shares in the company, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the chief accounting officer directly owned 36,149 shares of the company’s stock, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,706 shares of company stock worth $2,317,281. 0.32% of the stock is owned by insiders.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.