Cognizant Technology Solutions Corp. President Unloads $1,601,800 in Stock (CTSH)
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) President Gordon Coburn sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $80.09, for a total value of $1,601,800.00. Following the sale, the president now directly owns 50,330 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CTSH. Analysts at Societe Generale raised their price target on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) from $74.00 to $85.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) in a research note to investors on Thursday, August 8th. They now have a $78.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) from $80.00 to $87.00 in a research note to investors on Wednesday, August 7th.
Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $83.60.
Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 1.12% during mid-day trading on Friday, hitting $79.69. 1,640,199 shares of the company’s stock traded hands. Cognizant Technology Solutions Corp. has a 1-year low of $60.92 and a 1-year high of $81.08. The stock has a 50-day moving average of $73.88 and a 200-day moving average of $70.56. The company has a market cap of $24.016 billion and a price-to-earnings ratio of 21.00.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.10. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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