Insider Selling: Cognizant Technology Solutions Corp. CFO Sells 1,200 Shares of Stock (CTSH)
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) CFO Karen Mcloughlin unloaded 1,200 shares of Cognizant Technology Solutions Corp. stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $80.00, for a total transaction of $96,000.00. Following the completion of the transaction, the chief financial officer now directly owns 9,296 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.60.
Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded up 1.12% on Friday, hitting $79.69. The stock had a trading volume of 1,640,199 shares. Cognizant Technology Solutions Corp. has a 52 week low of $60.92 and a 52 week 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 issued its quarterly earnings data 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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