Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Debashis Chatterjee sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $74.00, for a total value of $162,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Debashis Chatterjee also recently made the following trade(s):

  • On Thursday, July 20th, Debashis Chatterjee sold 3,452 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $69.50, for a total value of $239,914.00.

Cognizant Technology Solutions Corporation (CTSH) traded up 0.67% during midday trading on Thursday, hitting $74.09. The stock had a trading volume of 2,148,940 shares. The company’s 50 day moving average price is $71.77 and its 200-day moving average price is $66.97. Cognizant Technology Solutions Corporation has a 52-week low of $49.35 and a 52-week high of $74.47. The stock has a market cap of $43.76 billion, a PE ratio of 23.77 and a beta of 1.12.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 18.72% and a net margin of 13.36%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in CTSH. BlackRock Inc. grew its stake in Cognizant Technology Solutions Corporation by 3,470.1% during the 1st quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock worth $2,425,316,000 after buying an additional 39,606,526 shares during the last quarter. FMR LLC grew its stake in Cognizant Technology Solutions Corporation by 81.6% during the 2nd quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock worth $1,664,366,000 after buying an additional 11,262,360 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Cognizant Technology Solutions Corporation by 11,666.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 2,468,550 shares of the information technology service provider’s stock worth $146,928,000 after buying an additional 2,447,570 shares during the last quarter. Alliancebernstein L.P. grew its stake in Cognizant Technology Solutions Corporation by 112.5% during the 1st quarter. Alliancebernstein L.P. now owns 4,487,749 shares of the information technology service provider’s stock worth $267,111,000 after buying an additional 2,375,626 shares during the last quarter. Finally, SRS Investment Management LLC purchased a new position in Cognizant Technology Solutions Corporation during the 1st quarter worth $134,797,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Several analysts have weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Thursday. Cowen and Company reiterated a “buy” rating and issued a $80.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $81.00 price objective on shares of Cognizant Technology Solutions Corporation in a research report on Thursday. Zacks Investment Research upgraded Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Sunday. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $73.66.

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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