Cognizant Technology Solutions Co. (NASDAQ:CTSH) Stake Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,931 shares of the information technology service provider’s stock after acquiring an additional 1,360 shares during the period. Janney Montgomery Scott LLC’s holdings in Cognizant Technology Solutions were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Graypoint LLC raised its stake in shares of Cognizant Technology Solutions by 2.9% during the 4th 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 in the last quarter. Sandy Cove Advisors LLC raised its position in Cognizant Technology Solutions by 3.2% during the fourth quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock valued at $333,000 after acquiring an additional 135 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in 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 valued at $35,000 after acquiring an additional 146 shares during the last quarter. Ritholtz Wealth Management grew its position in 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 in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Cognizant Technology Solutions by 127.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Cognizant Technology Solutions Trading Up 0.4 %

Shares of CTSH stock opened at $82.90 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a fifty day moving average of $79.16 and a 200-day moving average of $77.29. Cognizant Technology Solutions Co. has a 52-week low of $63.79 and a 52-week high of $83.47. The stock has a market cap of $41.10 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.21 and a beta of 1.07.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group raised their target price on Cognizant Technology Solutions from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Robert W. Baird increased their price target on Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Mizuho lifted their target price on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Seventeen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions has a consensus rating of “Hold” and an average target price of $81.39.

Insiders Place Their Bets

In related 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 completion of the sale, the chief accounting officer now owns 39,022 shares in the company, valued at $3,126,052.42. This trade represents a 11.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate 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.