Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Chandrasekaran Ramakrishnan sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $73.00, for a total value of $1,825,000.00. Following the sale, the insider now owns 286,923 shares of the company’s stock, valued at approximately $20,945,379. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chandrasekaran Ramakrishnan also recently made the following trade(s):

  • On Monday, September 11th, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corp stock. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00.
  • On Friday, September 1st, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corp stock. The stock was sold at an average price of $71.00, for a total value of $1,775,000.00.
  • On Monday, August 28th, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corp stock. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded down 0.73% during mid-day trading on Thursday, reaching $71.74. 2,049,914 shares of the company traded hands. Cognizant Technology Solutions Corp has a 52-week low of $45.44 and a 52-week high of $73.00. The stock has a 50-day moving average of $70.41 and a 200 day moving average of $64.97. The stock has a market capitalization of $42.37 billion, a PE ratio of 23.02 and a beta of 1.14.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last announced its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corp had a net margin of 12.81% and a return on equity of 18.42%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities research analysts expect that Cognizant Technology Solutions Corp will post $3.70 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, August 18th. Cognizant Technology Solutions Corp’s dividend payout ratio is currently 19.17%.

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CTSH has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price objective on shares of Cognizant Technology Solutions Corp in a report on Wednesday, September 6th. Zacks Investment Research lowered Cognizant Technology Solutions Corp from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions Corp in a report on Wednesday, May 31st. Robert W. Baird reiterated a “buy” rating and set a $80.00 price objective on shares of Cognizant Technology Solutions Corp in a report on Sunday. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $80.00 price objective (up previously from $66.00) on shares of Cognizant Technology Solutions Corp in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Cognizant Technology Solutions Corp currently has an average rating of “Buy” and an average target price of $71.43.

Large investors have recently bought and sold shares of the business. Pathstone Family Office LLC raised its stake in Cognizant Technology Solutions Corp by 1,208.8% during the second quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after purchasing an additional 1,366 shares during the period. Acrospire Investment Management LLC raised its stake in Cognizant Technology Solutions Corp by 92.6% during the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after purchasing an additional 800 shares during the period. WFG Advisors LP raised its stake in Cognizant Technology Solutions Corp by 46.4% during the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after purchasing an additional 621 shares during the period. Krilogy Financial LLC purchased a new position in Cognizant Technology Solutions Corp during the second quarter worth approximately $137,000. Finally, Guardian Life Insurance Co. of America raised its stake in Cognizant Technology Solutions Corp by 1.2% during the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after purchasing an additional 27 shares during the period. 87.64% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Corp 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 Corp (NASDAQ:CTSH)

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