Cognizant Technology Solutions Corp (CTSH) Holdings Cut by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. cut its position in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,489 shares of the information technology service provider’s stock after selling 1,346 shares during the quarter. Cognizant Technology Solutions comprises 1.3% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 28th biggest position. Orrstown Financial Services Inc.’s holdings in Cognizant Technology Solutions were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTSH. Pathstone Family Office LLC increased its holdings in shares of Cognizant Technology Solutions by 1,208.8% in the 2nd quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after buying an additional 1,366 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth $121,000. WFG Advisors LP increased its holdings in shares of Cognizant Technology Solutions by 46.4% in the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after buying an additional 621 shares during the last quarter. Finally, Krilogy Financial LLC bought a new position in shares of Cognizant Technology Solutions in the 2nd quarter worth $137,000. Institutional investors and hedge funds own 86.04% of the company’s stock.

In other news, insider Gajakarnan Vibushanan Kandiah sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $72.18, for a total value of $216,540.00. Following the completion of the sale, the insider now directly owns 7,724 shares of the company’s stock, valued at approximately $557,518.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Francisco Dsouza sold 482,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the completion of the sale, the chief executive officer now directly owns 621,643 shares of the company’s stock, valued at $44,783,161.72. The disclosure for this sale can be found here. In the last three months, insiders sold 807,286 shares of company stock worth $58,679,209. Insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $0.17 during trading on Tuesday, reaching $74.73. 3,436,708 shares of the company’s stock were exchanged, compared to its average volume of 3,770,000. The company has a market cap of $44,060.00, a price-to-earnings ratio of 23.14, a PEG ratio of 1.43 and a beta of 1.08. Cognizant Technology Solutions Corp has a 1-year low of $51.52 and a 1-year high of $76.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. sell-side analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised shares of Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $78.00 to $90.00 in a report on Wednesday, November 1st. Oppenheimer reissued a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $78.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, November 1st. William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $89.00 target price (up previously from $80.00) on shares of Cognizant Technology Solutions in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.75.

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Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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

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