Mount Yale Investment Advisors LLC Has $290,000 Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Mount Yale Investment Advisors LLC lowered its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,770 shares of the information technology service provider’s stock after selling 371 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Cognizant Technology Solutions were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Addison Advisors LLC boosted its holdings in shares of Cognizant Technology Solutions by 127.7% during the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Cognizant Technology Solutions during the third quarter valued at about $30,000. Trust Co. of Vermont grew its holdings in shares of Cognizant Technology Solutions by 188.4% during the fourth quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock worth $34,000 after purchasing an additional 292 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of Cognizant Technology Solutions by 47.4% in the third quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after buying an additional 146 shares during the period. Finally, Eastern Bank bought a new position in Cognizant Technology Solutions in the 3rd quarter valued at approximately $37,000. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, CAO John Sunshin Kim sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the sale, the chief accounting officer now owns 39,022 shares in the company, valued at $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by company insiders.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $81.19 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.23 and a quick ratio of 2.23. The company’s 50-day moving average is $78.94 and its 200-day moving average is $77.11. The stock has a market capitalization of $40.26 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. Cognizant Technology Solutions Co. has a 1 year low of $63.79 and a 1 year high of $82.46.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Cognizant Technology Solutions Co. will post 4.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CTSH shares. Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, October 31st. TD Cowen increased their price objective on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Mizuho lifted their target price on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays raised Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $95.00 in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Fifteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.19.

Cognizant Technology Solutions Company Profile

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, Health Sciences, Products and Resources, and Communications, Media and Technology.