Janus Henderson Group PLC Has $208.64 Million Holdings in Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Janus Henderson Group PLC grew its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,876,822 shares of the information technology service provider’s stock after acquiring an additional 30,627 shares during the period. Janus Henderson Group PLC owned 0.49% of Cognizant Technology Solutions worth $208,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CTSH. Comerica Securities Inc. boosted its stake in shares of Cognizant Technology Solutions by 0.4% during the second quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock valued at $519,000 after purchasing an additional 32 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Cognizant Technology Solutions by 1.0% during the second quarter. CWA Asset Management Group LLC now owns 5,717 shares of the information technology service provider’s stock valued at $380,000 after purchasing an additional 57 shares in the last quarter. Westover Capital Advisors LLC boosted its stake in shares of Cognizant Technology Solutions by 2.2% during the second quarter. Westover Capital Advisors LLC now owns 3,885 shares of the information technology service provider’s stock valued at $258,000 after purchasing an additional 83 shares in the last quarter. Frontier Wealth Management LLC boosted its stake in Cognizant Technology Solutions by 1.0% in the second quarter. Frontier Wealth Management LLC now owns 10,099 shares of the information technology service provider’s stock valued at $671,000 after acquiring an additional 99 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Cognizant Technology Solutions by 0.3% in the second quarter. Blair William & Co. IL now owns 32,694 shares of the information technology service provider’s stock valued at $2,171,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.

Several equities research analysts have weighed in on the stock. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 target price for the company in a research note on Wednesday, November 29th. KeyCorp restated a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, September 8th. Bank of America reaffirmed a “buy” rating and issued a $86.00 price target on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets raised their price target on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Cognizant Technology Solutions has a consensus rating of “Buy” and a consensus price target of $81.83.

In other Cognizant Technology Solutions news, insider Gajakarnan Vibushanan Kandiah sold 3,000 shares of Cognizant Technology Solutions stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $72.18, for a total transaction of $216,540.00. Following the transaction, the insider now directly owns 7,724 shares of the company’s stock, valued at $557,518.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Malcolm Frank sold 9,462 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total transaction of $668,111.82. Following the transaction, the vice president now directly owns 15,533 shares in the company, valued at $1,096,785.13. The disclosure for this sale can be found here. Insiders have sold 569,476 shares of company stock worth $41,071,682 over the last 90 days. 1.08% of the stock is currently owned by company insiders.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded down $0.07 during midday trading on Tuesday, hitting $70.95. 2,974,800 shares of the stock traded hands, compared to its average volume of 2,640,300. Cognizant Technology Solutions Corp has a 1-year low of $51.52 and a 1-year high of $76.51. The firm has a market capitalization of $41,840.00, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.07. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. equities analysts expect that Cognizant Technology Solutions Corp will post 3.35 EPS for the current fiscal year.

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About Cognizant Technology Solutions

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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