Cognizant Technology Solutions Corp VP Malcolm Frank Sells 1,254 Shares (CTSH)
Cognizant Technology Solutions Corp (NASDAQ:CTSH) VP Malcolm Frank unloaded 1,254 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $49.87, for a total transaction of $62,536.98. Following the completion of the sale, the vice president now directly owns 1,553 shares in the company, valued at approximately $77,448. The sale was disclosed in a document filed with the SEC, which is available at this link.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded down 0.12% on Tuesday, hitting $49.98. 5,651,012 shares of the company’s stock traded hands. Cognizant Technology Solutions Corp has a 1-year low of $35.00 and a 1-year high of $54.00. The stock has a 50-day moving average of $49.70 and a 200-day moving average of $49.43. The company has a market cap of $30.410 billion and a price-to-earnings ratio of 23.66.
CTSH has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Cognizant Technology Solutions Corp in a research note on Wednesday, July 9th. They set an “overweight” rating on the stock. Separately, analysts at Susquehanna downgraded shares of Cognizant Technology Solutions Corp from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 10th. They now have a $55.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank cut their price target on shares of Cognizant Technology Solutions Corp in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $53.15.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.
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