Cognizant Technology Solutions Corporation (NASDAQ:CTSH) EVP Allen Shaheen sold 2,358 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $70.20, for a total transaction of $165,531.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Allen Shaheen also recently made the following trade(s):

  • On Thursday, August 10th, Allen Shaheen sold 442 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $70.58, for a total transaction of $31,196.36.

Cognizant Technology Solutions Corporation (CTSH) traded up 0.69% during midday trading on Thursday, hitting $71.42. 2,174,459 shares of the stock were exchanged. Cognizant Technology Solutions Corporation has a 12 month low of $45.44 and a 12 month high of $72.07. The company has a market cap of $42.18 billion, a PE ratio of 22.91 and a beta of 1.14. The firm’s 50 day moving average price is $70.17 and its 200 day moving average price is $64.60.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. Cognizant Technology Solutions Corporation’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. On average, equities research analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is presently 19.17%.

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Several equities analysts have recently commented on CTSH shares. Needham & Company LLC upped their price objective on shares of Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday. Zacks Investment Research downgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, May 31st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $67.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $70.30.

Several hedge funds and other institutional investors have recently bought and sold shares of CTSH. Acrospire Investment Management LLC raised its stake in shares of Cognizant Technology Solutions Corporation by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after acquiring an additional 800 shares in the last quarter. WFG Advisors LP raised its stake in shares of Cognizant Technology Solutions Corporation by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after acquiring an additional 621 shares in the last quarter. Krilogy Financial LLC bought a new position in shares of Cognizant Technology Solutions Corporation during the 2nd quarter worth approximately $137,000. Guardian Life Insurance Co. of America raised its stake in shares of Cognizant Technology Solutions Corporation by 1.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after acquiring an additional 27 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Cognizant Technology Solutions Corporation by 24.2% during the 1st quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock worth $154,000 after acquiring an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Cognizant Technology Solutions Corporation Company Profile

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.

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

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