CENTRAL TRUST Co Has $202,000 Position in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

CENTRAL TRUST Co raised its holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,625 shares of the information technology service provider’s stock after buying an additional 1,000 shares during the period. CENTRAL TRUST Co’s holdings in Cognizant Technology Solutions were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Cognizant Technology Solutions by 3.6% in the 3rd quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider’s stock valued at $1,928,405,000 after buying an additional 867,176 shares during the last quarter. Geode Capital Management LLC increased its stake in Cognizant Technology Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 13,280,223 shares of the information technology service provider’s stock valued at $1,022,728,000 after buying an additional 173,667 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cognizant Technology Solutions by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,244,731 shares of the information technology service provider’s stock valued at $250,428,000 after buying an additional 44,129 shares during the last quarter. Cibc World Market Inc. increased its stake in Cognizant Technology Solutions by 34.0% in the 4th quarter. Cibc World Market Inc. now owns 2,784,668 shares of the information technology service provider’s stock valued at $214,141,000 after buying an additional 705,946 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Cognizant Technology Solutions by 29.7% during the 3rd quarter. Bank of Montreal Can now owns 2,748,982 shares of the information technology service provider’s stock worth $211,369,000 after purchasing an additional 628,970 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction on 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cognizant Technology Solutions Trading Up 0.8 %

CTSH opened at $83.54 on Wednesday. Cognizant Technology Solutions Co. has a twelve month low of $63.79 and a twelve month high of $83.97. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $79.20 and a 200-day moving average of $77.34. The stock has a market cap of $41.42 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.07.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, November 1st. StockNews.com downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. TD Cowen upped their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. 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 report on Thursday, October 31st. Seventeen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $81.39.

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.