Cognizant Technology Solutions Corp (NASDAQ:CTSH) COO Srinivasan Veeraraghavachary sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $73.00, for a total value of $182,500.00. Following the transaction, the chief operating officer now owns 24,459 shares in the company, valued at $1,785,507. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Srinivasan Veeraraghavachary also recently made the following trade(s):

  • On Wednesday, August 16th, Srinivasan Veeraraghavachary sold 2,500 shares of Cognizant Technology Solutions Corp stock. The stock was sold at an average price of $72.00, for a total value of $180,000.00.
  • On Friday, August 4th, Srinivasan Veeraraghavachary sold 2,500 shares of Cognizant Technology Solutions Corp stock. The stock was sold at an average price of $71.00, for a total value of $177,500.00.

Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) traded down 0.73% on Thursday, reaching $71.74. The company’s stock had a trading volume of 2,049,914 shares. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 23.02 and a beta of 1.14. The company’s 50-day moving average is $70.41 and its 200 day moving average is $64.97. Cognizant Technology Solutions Corp has a 12-month low of $45.44 and a 12-month high of $73.00.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were issued a $0.15 dividend. 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 Corp’s payout ratio is 19.17%.

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A number of equities analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $78.00 price target (up from $72.00) on shares of Cognizant Technology Solutions Corp in a report on Wednesday, August 9th. Berenberg Bank upgraded Cognizant Technology Solutions Corp from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $85.00 in a report on Tuesday, August 8th. KeyCorp restated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corp in a report on Friday, September 8th. Zacks Investment Research upgraded Cognizant Technology Solutions Corp from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Tuesday, August 8th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $76.00 target price (up from $69.00) on shares of Cognizant Technology Solutions Corp in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Cognizant Technology Solutions Corp currently has a consensus rating of “Buy” and a consensus price target of $71.43.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. increased its holdings in Cognizant Technology Solutions Corp by 0.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,633 shares of the information technology service provider’s stock worth $241,000 after purchasing an additional 11 shares during the period. Guardian Life Insurance Co. of America increased its holdings in Cognizant Technology Solutions Corp 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 purchasing an additional 27 shares during the period. First Capital Advisors Group LLC. increased its holdings in Cognizant Technology Solutions Corp by 0.9% during the 2nd quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock worth $244,000 after purchasing an additional 32 shares during the period. Comerica Securities Inc. increased its holdings in Cognizant Technology Solutions Corp by 0.4% during the 2nd quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after purchasing an additional 32 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in Cognizant Technology Solutions Corp by 0.5% during the 2nd quarter. CENTRAL TRUST Co now owns 6,403 shares of the information technology service provider’s stock worth $425,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 87.64% of the company’s stock.

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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