Factory Mutual Insurance Company increased its position in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 730,000 shares of the information technology service provider’s stock after buying an additional 100,000 shares during the period. Factory Mutual Insurance Company owned about 0.12% of Cognizant Technology Solutions Corp worth $43,815,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Bath Savings Trust Company raised its stake in shares of Cognizant Technology Solutions Corp by 42.4% in the fourth quarter. Bath Savings Trust Company now owns 24,570 shares of the information technology service provider’s stock valued at $1,475,000 after buying an additional 7,310 shares during the last quarter. Bridges Investment Management raised its stake in shares of Cognizant Technology Solutions Corp by 28.1% in the fourth quarter. Bridges Investment Management now owns 37,325 shares of the information technology service provider’s stock valued at $2,241,000 after buying an additional 8,195 shares during the last quarter. Vontobel Asset Management raised its stake in shares of Cognizant Technology Solutions Corp by 18.5% in the fourth quarter. Vontobel Asset Management now owns 2,809,895 shares of the information technology service provider’s stock valued at $177,420,000 after buying an additional 438,455 shares during the last quarter. First Financial Bank raised its stake in shares of Cognizant Technology Solutions Corp by 1.7% in the fourth quarter. First Financial Bank now owns 59,135 shares of the information technology service provider’s stock valued at $3,549,000 after buying an additional 997 shares during the last quarter. Finally, Evelyn V. Moreno raised its stake in shares of Cognizant Technology Solutions Corp by 0.3% in the fourth quarter. Evelyn V. Moreno now owns 91,835 shares of the information technology service provider’s stock valued at $5,512,000 after buying an additional 300 shares during the last quarter.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up 2.30% during mid-day trading on Friday, reaching $62.75. The company’s stock had a trading volume of 959,099 shares. The company has a 50-day moving average price of $59.60 and a 200-day moving average price of $63.19. Cognizant Technology Solutions Corp has a 12-month low of $53.33 and a 12-month high of $69.80. The firm has a market cap of $38.16 billion and a PE ratio of 24.61.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last announced its earnings results on Wednesday, November 4th. The information technology service provider reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The firm earned $3.19 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue was up 23.5% on a year-over-year basis. On average, equities research analysts expect that Cognizant Technology Solutions Corp will post $3.04 earnings per share for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Cognizant Technology Solutions Corp from a “sell” rating to a “hold” rating in a research report on Friday, January 22nd. BMO Capital Markets cut their price target on Cognizant Technology Solutions Corp from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, January 14th. Barclays cut their price target on Cognizant Technology Solutions Corp from $82.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 5th. Sterne Agee CRT began coverage on Cognizant Technology Solutions Corp in a report on Thursday, December 17th. They issued a “neutral” rating and a $70.00 price target on the stock. Finally, Goldman Sachs lowered Cognizant Technology Solutions Corp from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 15th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $73.19.

In related news, VP Malcolm Frank sold 17,168 shares of the company’s stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $62.22, for a total value of $1,068,192.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Gordon Coburn sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $61.77, for a total value of $926,550.00. Following the completion of the sale, the president now owns 110,222 shares in the company, valued at approximately $6,808,412.94. The disclosure for this sale can be found here.

Cognizant Technology Solutions Corporation is a provider of information technology (NASDAQ:CTSH), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.

12 Month Chart for NASDAQ:CTSH

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