Cognizant Technology Solutions Corp President Unloads $224,605 in Stock (CTSH)
Cognizant Technology Solutions Corp (NASDAQ:CTSH) President Gordon Coburn sold 4,656 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $48.24, for a total value of $224,605.44. Following the sale, the president now directly owns 126,716 shares of the company’s stock, valued at approximately $6,112,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up 0.82% during mid-day trading on Thursday, hitting $48.9303. 2,553,490 shares of the company’s stock traded hands. Cognizant Technology Solutions Corp has a 52 week low of $30.46 and a 52 week high of $54.00. The stock’s 50-day moving average is $48.47 and its 200-day moving average is $49.0. The company has a market cap of $29.772 billion and a P/E ratio of 22.95.
A number of research firms have recently commented on CTSH. Analysts at Deutsche Bank cut their price target on shares of Cognizant Technology Solutions Corp in a research note on Friday, May 9th. Separately, analysts at Societe Generale cut their price target on shares of Cognizant Technology Solutions Corp from $60.00 to $58.00 in a research note on Friday, May 9th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cognizant Technology Solutions Corp in a research note on Thursday, May 8th. They now have a $63.00 price target on the stock, down previously from $64.00. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Cognizant Technology Solutions Corp presently has an average rating of “Buy” and an average price target of $45.34.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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