Aevitas Wealth Management Inc. Has $409,000 Stock Position in Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Aevitas Wealth Management Inc. increased its stake in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,788 shares of the information technology service provider’s stock after purchasing an additional 212 shares during the period. Aevitas Wealth Management Inc.’s holdings in Cognizant Technology Solutions were worth $409,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. North Star Investment Management Corp. bought a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $25,000. Field & Main Bank grew its position in shares of Cognizant Technology Solutions by 350.0% in the second quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Berman Capital Advisors LLC grew its position in shares of Cognizant Technology Solutions by 137.7% in the second quarter. Berman Capital Advisors LLC now owns 637 shares of the information technology service provider’s stock valued at $40,000 after purchasing an additional 369 shares during the last quarter. Citizens Financial Group Inc RI grew its position in shares of Cognizant Technology Solutions by 35.3% in the second quarter. Citizens Financial Group Inc RI now owns 716 shares of the information technology service provider’s stock valued at $46,000 after purchasing an additional 187 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in shares of Cognizant Technology Solutions by 52.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 892 shares of the information technology service provider’s stock valued at $57,000 after purchasing an additional 308 shares during the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

NASDAQ CTSH traded down $0.20 on Monday, hitting $60.44. 20,457 shares of the company’s stock were exchanged, compared to its average volume of 3,280,962. The stock has a 50-day moving average of $61.61 and a 200-day moving average of $64.04. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.13. Cognizant Technology Solutions Corp has a 52 week low of $56.73 and a 52 week high of $74.85. The stock has a market cap of $33.90 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.41 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, July 31st. The information technology service provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. Cognizant Technology Solutions had a return on equity of 20.52% and a net margin of 12.61%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts predict that Cognizant Technology Solutions Corp will post 3.96 earnings per share for the current year.

In other Cognizant Technology Solutions news, Director John E. Klein sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $61.13, for a total transaction of $611,300.00. Following the completion of the sale, the director now directly owns 459,987 shares in the company, valued at approximately $28,119,005.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Friedrich sold 452 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $64.29, for a total value of $29,059.08. The disclosure for this sale can be found here. Insiders sold a total of 18,823 shares of company stock valued at $1,169,337 over the last quarter. 0.56% of the stock is owned by corporate insiders.

CTSH has been the topic of several research reports. TheStreet raised Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, July 23rd. Zacks Investment Research downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research report on Thursday, September 5th. UBS Group downgraded Cognizant Technology Solutions from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $62.00 to $60.00 in a research report on Friday, August 2nd. ValuEngine raised Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird set a $76.00 price target on Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Friday, September 6th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.50.

Cognizant Technology Solutions Company 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.

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

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