Evoke Wealth LLC Grows Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Evoke Wealth LLC increased its position in shares of Cognizant Technology Solutions Co. (NASDAQ:CTSHGet Rating) by 77.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 944 shares of the information technology service provider’s stock after buying an additional 413 shares during the quarter. Evoke Wealth LLC’s holdings in Cognizant Technology Solutions were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CTSH. PNC Financial Services Group Inc. increased its holdings in Cognizant Technology Solutions by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 171,597 shares of the information technology service provider’s stock valued at $12,736,000 after purchasing an additional 9,262 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in Cognizant Technology Solutions by 18.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 66,784 shares of the information technology service provider’s stock valued at $4,963,000 after purchasing an additional 10,300 shares during the last quarter. Citizens Financial Group Inc RI increased its holdings in Cognizant Technology Solutions by 17.1% in the 3rd quarter. Citizens Financial Group Inc RI now owns 4,222 shares of the information technology service provider’s stock valued at $313,000 after purchasing an additional 618 shares during the last quarter. Truist Financial Corp increased its holdings in Cognizant Technology Solutions by 10.9% in the 3rd quarter. Truist Financial Corp now owns 212,068 shares of the information technology service provider’s stock valued at $15,737,000 after purchasing an additional 20,817 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its holdings in Cognizant Technology Solutions by 5.5% in the 3rd quarter. MUFG Americas Holdings Corp now owns 13,023 shares of the information technology service provider’s stock valued at $966,000 after purchasing an additional 684 shares during the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CTSH opened at $84.36 on Thursday. Cognizant Technology Solutions Co. has a 1-year low of $66.19 and a 1-year high of $93.47. The stock has a market cap of $44.25 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a fifty day moving average price of $87.44 and a 200 day moving average price of $85.01.

Cognizant Technology Solutions (NASDAQ:CTSHGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The information technology service provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Cognizant Technology Solutions had a net margin of 11.55% and a return on equity of 19.00%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same period in the previous year, the company earned $0.97 earnings per share. Cognizant Technology Solutions’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Cognizant Technology Solutions Co. will post 4.57 EPS for the current fiscal year.

CTSH has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Cognizant Technology Solutions in a report on Sunday, January 9th. They issued a “buy” rating and a $104.00 target price for the company. Barclays boosted their price target on shares of Cognizant Technology Solutions from $78.00 to $85.00 and gave the stock an “underweight” rating in a research note on Monday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cognizant Technology Solutions from $81.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, January 24th. BMO Capital Markets boosted their price target on shares of Cognizant Technology Solutions from $92.00 to $100.00 in a research note on Thursday, February 3rd. Finally, StockNews.com upgraded shares of Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $91.67.

In other Cognizant Technology Solutions news, insider Rajesh Nambiar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $90.50, for a total transaction of $452,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leo S. Jr. Mackay sold 4,778 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $88.52, for a total value of $422,948.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,149 shares of company stock valued at $1,434,568. 0.31% of the stock is owned by corporate insiders.

Cognizant Technology Solutions Company Profile (Get Rating)

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; Healthcare; Products and Resources; and Communications, Media and Technology.

Featured Stories

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

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.