Banque Cantonale Vaudoise Boosts Stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Banque Cantonale Vaudoise boosted its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSHFree Report) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,118 shares of the information technology service provider’s stock after purchasing an additional 900 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Cognizant Technology Solutions were worth $1,227,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CTSH. Zions Bancorporation N.A. boosted its position in shares of Cognizant Technology Solutions by 29.9% during the first quarter. Zions Bancorporation N.A. now owns 651 shares of the information technology service provider’s stock valued at $58,000 after buying an additional 150 shares during the period. Synovus Financial Corp boosted its holdings in Cognizant Technology Solutions by 0.8% during the 2nd quarter. Synovus Financial Corp now owns 20,494 shares of the information technology service provider’s stock valued at $1,338,000 after acquiring an additional 156 shares during the period. Parkside Financial Bank & Trust grew its position in Cognizant Technology Solutions by 33.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 630 shares of the information technology service provider’s stock valued at $41,000 after acquiring an additional 158 shares during the last quarter. Glassman Wealth Services grew its position in Cognizant Technology Solutions by 13.6% in the 2nd quarter. Glassman Wealth Services now owns 1,333 shares of the information technology service provider’s stock valued at $87,000 after acquiring an additional 160 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Cognizant Technology Solutions by 26.5% in the third quarter. Exchange Traded Concepts LLC now owns 773 shares of the information technology service provider’s stock worth $52,000 after purchasing an additional 162 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $77.59 on Tuesday. Cognizant Technology Solutions Co. has a one year low of $56.45 and a one year high of $78.89. The company has a market capitalization of $38.90 billion, a PE ratio of 18.88, a P/E/G ratio of 1.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.23 and a current ratio of 2.23. The company has a 50-day simple moving average of $74.66 and a two-hundred day simple moving average of $70.57.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CTSH. Redburn Atlantic started coverage on shares of Cognizant Technology Solutions in a report on Thursday, November 16th. They issued a “neutral” rating and a $68.00 price target on the stock. Wolfe Research upgraded shares of Cognizant Technology Solutions from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Citigroup raised their target price on shares of Cognizant Technology Solutions from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lowered their price target on Cognizant Technology Solutions from $77.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Finally, Jefferies Financial Group upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $85.00 in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.36.

Check Out Our Latest Analysis on Cognizant Technology Solutions

Cognizant Technology Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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