This afternoon we watched Cognizant Technology Solutions drop -3.8% to a price of $62.5 per share. The large-cap Data Processing Services company is now trading -13.73% below its average target price of $72.45. Analysts have set target prices ranging from $60.0 to $89.0 per share for Cognizant Technology Solutions, and have given the stock an average rating of hold.
Cognizant Technology Solutions's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 1.99. The company's insiders own 0.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 94.6%. In conclusion, we believe there is mixed market sentiment regarding Cognizant Technology Solutions.
Institutions Invested in Cognizant Technology Solutions
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Blackrock Inc. | 12% | 60,098,017 | $3,755,224,628 |
| 2023-06-30 | Vanguard Group Inc | 9% | 44,017,920 | $2,750,459,758 |
| 2023-06-30 | State Street Corporation | 4% | 22,275,942 | $1,391,912,249 |
| 2023-06-30 | Dodge & Cox Inc | 4% | 19,640,747 | $1,227,252,088 |
| 2023-06-30 | Pzena Investment Management Llc | 3% | 17,647,121 | $1,102,680,366 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 3% | 17,228,052 | $1,076,494,839 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 13,298,321 | $830,945,595 |
| 2023-06-30 | FMR, LLC | 3% | 13,051,686 | $815,534,607 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 11,343,662 | $708,808,726 |
| 2023-06-30 | Invesco Ltd. | 2% | 10,205,915 | $637,716,605 |
