Thrivent Financial for Lutherans grew its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 826.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 424,489 shares of the information technology service provider’s stock after buying an additional 378,690 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Cognizant Technology Solutions worth $26,946,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Plimoth Trust Co. LLC boosted its holdings in Cognizant Technology Solutions by 0.6% in the fourth quarter. Plimoth Trust Co. LLC now owns 24,088 shares of the information technology service provider’s stock worth $1,529,000 after acquiring an additional 145 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Cognizant Technology Solutions by 1.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 11,828 shares of the information technology service provider’s stock worth $751,000 after acquiring an additional 152 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Cognizant Technology Solutions by 2.0% in the fourth quarter. Van ECK Associates Corp now owns 8,038 shares of the information technology service provider’s stock worth $510,000 after acquiring an additional 155 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in Cognizant Technology Solutions by 2.0% in the fourth quarter. Cozad Asset Management Inc. now owns 8,828 shares of the information technology service provider’s stock worth $560,000 after acquiring an additional 172 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in Cognizant Technology Solutions by 0.6% in the fourth quarter. MAI Capital Management now owns 28,965 shares of the information technology service provider’s stock worth $1,839,000 after acquiring an additional 175 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Monday, April 8th. Daiwa Capital Markets began coverage on Cognizant Technology Solutions in a report on Wednesday, February 13th. They set a “buy” rating and a $90.00 price target on the stock. BidaskClub raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. BMO Capital Markets increased their target price on Cognizant Technology Solutions to $80.00 and gave the company a “market perform” rating in a report on Monday, February 4th. Finally, Credit Suisse Group set a $85.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Monday, December 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $80.62.
Shares of NASDAQ:CTSH traded up $0.03 during trading on Monday, hitting $74.32. 1,587,368 shares of the company’s stock were exchanged, compared to its average volume of 3,378,458. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.06. Cognizant Technology Solutions Corp has a 52-week low of $59.47 and a 52-week high of $83.35. The stock has a market capitalization of $42.72 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.65 and a beta of 0.97.
Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 6th. The information technology service provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.07. Cognizant Technology Solutions had a return on equity of 22.15% and a net margin of 13.03%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that Cognizant Technology Solutions Corp will post 4.44 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Thrivent Financial for Lutherans Boosts Holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH)” was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/15/thrivent-financial-for-lutherans-purchases-378690-shares-of-cognizant-technology-solutions-corp-ctsh.html.
Cognizant Technology Solutions Profile
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.
Further Reading: Stock Split
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.