Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Gajakarnan Vibushanan Kandiah sold 1,500 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $65.32, for a total transaction of $97,980.00. Following the sale, the insider now directly owns 12,015 shares in the company, valued at $784,819.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) remained flat at $65.79 on Tuesday. The stock had a trading volume of 2,160,589 shares. The firm has a market cap of $38.75 billion, a PE ratio of 23.93 and a beta of 1.28. Cognizant Technology Solutions Corp has a one year low of $45.44 and a one year high of $66.30. The company’s 50-day moving average price is $60.87 and its 200 day moving average price is $57.72.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last posted its quarterly earnings results on Friday, May 5th. The information technology service provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.09. Cognizant Technology Solutions Corp had a net margin of 11.52% and a return on equity of 18.83%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. Analysts predict that Cognizant Technology Solutions Corp will post $3.66 earnings per share for the current year.

Insider Buying and Selling by Quarter for Cognizant Technology Solutions Corp (NASDAQ:CTSH)

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/05/23/cognizant-technology-solutions-corp-ctsh-insider-sells-97980-00-in-stock.html.

Large investors have recently bought and sold shares of the company. Massey Quick & Co. LLC acquired a new stake in Cognizant Technology Solutions Corp during the fourth quarter worth $112,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Cognizant Technology Solutions Corp during the third quarter valued at approximately $132,000. SRB Corp purchased a new stake in shares of Cognizant Technology Solutions Corp during the third quarter valued at approximately $136,000. Guardian Life Insurance Co. of America increased its stake in shares of Cognizant Technology Solutions Corp by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock valued at $140,000 after buying an additional 27 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Cognizant Technology Solutions Corp by 24.2% in the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock valued at $154,000 after buying an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

CTSH has been the topic of several recent analyst reports. BMO Capital Markets reissued a “buy” rating and set a $60.00 target price on shares of Cognizant Technology Solutions Corp in a research note on Thursday, February 9th. Vetr lowered shares of Cognizant Technology Solutions Corp from a “strong-buy” rating to a “buy” rating and set a $62.84 target price on the stock. in a research note on Wednesday, February 8th. Pacific Crest set a $65.00 target price on shares of Cognizant Technology Solutions Corp and gave the stock a “buy” rating in a research note on Wednesday, January 25th. SunTrust Banks, Inc. raised shares of Cognizant Technology Solutions Corp from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, April 13th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $67.00 target price on shares of Cognizant Technology Solutions Corp in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Cognizant Technology Solutions Corp currently has an average rating of “Buy” and an average price target of $63.45.

About Cognizant Technology Solutions Corp

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

12 Month Chart for NASDAQ:CTSH

Receive News & Ratings for Cognizant Technology Solutions Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corp and related companies with MarketBeat.com's FREE daily email newsletter.