Cognizant Technology Solutions Corp (CTSH) EVP Sells $93,770.25 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 1,325 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $70.77, for a total value of $93,770.25. Following the transaction, the executive vice president now owns 9,817 shares in the company, valued at $694,749.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up $0.21 during midday trading on Friday, hitting $71.82. The company had a trading volume of 3,261,723 shares, compared to its average volume of 3,498,997. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. Cognizant Technology Solutions Corp has a 52-week low of $51.52 and a 52-week high of $76.51. The stock has a market capitalization of $42,348.30, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.62 and a beta of 1.07.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. Cognizant Technology Solutions’s payout ratio is currently 18.52%.

A number of large investors have recently made changes to their positions in CTSH. Acrospire Investment Management LLC lifted its position in shares of Cognizant Technology Solutions by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after acquiring an additional 800 shares during the period. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at approximately $121,000. WFG Advisors LP lifted its position in shares of Cognizant Technology Solutions by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after acquiring an additional 621 shares during the period. Krilogy Financial LLC acquired a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at approximately $137,000. Finally, BB&T Investment Services Inc. lifted its position in shares of Cognizant Technology Solutions by 86.8% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after acquiring an additional 1,011 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

A number of research analysts have commented on the company. Vetr upgraded Cognizant Technology Solutions from a “sell” rating to a “buy” rating and set a $76.85 price target on the stock in a research note on Tuesday, September 19th. Barclays upped their price target on Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Wedbush reiterated an “outperform” rating on shares of Cognizant Technology Solutions in a research note on Monday, September 18th. Cantor Fitzgerald reiterated a “buy” rating and issued a $78.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Finally, William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $81.91.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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