Cognizant Technology Solutions Corp. VP Malcolm Frank Unloads 1,658 Shares (CTSH)
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) VP Malcolm Frank sold 1,658 shares of the company’s stock on the open market in a transaction dated Monday, October 14th. The stock was sold at an average price of $87.65, for a total transaction of $145,323.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
CTSH has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of Cognizant Technology Solutions Corp. from $80.00 to $92.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Cognizant Technology Solutions Corp. in a research note to investors on Wednesday, September 18th. They now have a $85.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Cognizant Technology Solutions Corp. from $94.00 to $110.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Cognizant Technology Solutions Corp. currently has a consensus rating of “Buy” and a consensus target price of $85.56.
Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded down 2.29% during mid-day trading on Wednesday, hitting $83.94. The stock had a trading volume of 3,198,708 shares. Cognizant Technology Solutions Corp. has a 52-week low of $60.92 and a 52-week high of $88.89. The stock has a 50-day moving average of $80.87 and a 200-day moving average of $71.47. The company has a market cap of $25.297 billion and a P/E ratio of 22.90.
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. Analysts expect that Cognizant Technology Solutions Corp. will post $3.98 EPS for the current fiscal year.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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