Sumithra Gomatam Sells 3,163 Shares of Cognizant Technology Solutions Corporation (CTSH) Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Sumithra Gomatam sold 3,163 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $76.00, for a total value of $240,388.00. Following the completion of the sale, the insider now owns 6,346 shares in the company, valued at $482,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sumithra Gomatam also recently made the following trade(s):

  • On Monday, September 25th, Sumithra Gomatam sold 3,601 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $72.00, for a total value of $259,272.00.
  • On Tuesday, September 26th, Sumithra Gomatam sold 8,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $72.00, for a total value of $576,000.00.
  • On Monday, August 7th, Sumithra Gomatam sold 10,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $69.75, for a total value of $697,500.00.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at $74.26 on Monday. Cognizant Technology Solutions Corporation has a 12-month low of $51.35 and a 12-month high of $76.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $43,790.00, a P/E ratio of 22.17, a PEG ratio of 1.67 and a beta of 1.10.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. sell-side analysts expect that Cognizant Technology Solutions Corporation will post 3.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio is currently 18.58%.

TRADEMARK VIOLATION WARNING: “Sumithra Gomatam Sells 3,163 Shares of Cognizant Technology Solutions Corporation (CTSH) Stock” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/11/13/sumithra-gomatam-sells-3163-shares-of-cognizant-technology-solutions-corporation-ctsh-stock.html.

A number of analysts have recently commented on CTSH shares. Cowen and Company restated a “buy” rating and issued a $75.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, July 28th. Vetr upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $71.62 price target on the stock in a report on Wednesday, August 2nd. Loop Capital upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $63.00 to $83.00 in a report on Friday, August 4th. Credit Suisse Group set a $80.00 price target on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “buy” rating and set a $76.00 target price (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.19.

A number of large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its position in Cognizant Technology Solutions Corporation by 3.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,992,206 shares of the information technology service provider’s stock worth $144,515,000 after buying an additional 66,046 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in Cognizant Technology Solutions Corporation during the third quarter worth approximately $224,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Cognizant Technology Solutions Corporation by 0.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,234,059 shares of the information technology service provider’s stock worth $89,519,000 after buying an additional 4,357 shares in the last quarter. Commonwealth Bank of Australia grew its position in Cognizant Technology Solutions Corporation by 131.4% during the third quarter. Commonwealth Bank of Australia now owns 67,775 shares of the information technology service provider’s stock worth $4,909,000 after buying an additional 38,485 shares in the last quarter. Finally, Zeke Capital Advisors LLC grew its position in Cognizant Technology Solutions Corporation by 92.5% during the third quarter. Zeke Capital Advisors LLC now owns 9,614 shares of the information technology service provider’s stock worth $697,000 after buying an additional 4,620 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply