Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Sumithra Gomatam sold 3,163 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $76.00, for a total transaction of $240,388.00. Following the completion of the sale, the insider now directly owns 6,346 shares in the company, valued at approximately $482,296. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sumithra Gomatam also recently made the following trade(s):

  • On Monday, September 25th, Sumithra Gomatam sold 3,601 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $72.00, for a total transaction of $259,272.00.
  • On Tuesday, September 26th, Sumithra Gomatam sold 8,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $72.00, for a total transaction of $576,000.00.
  • On Monday, August 7th, Sumithra Gomatam sold 10,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $69.75, for a total transaction of $697,500.00.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio is presently 19.17%.

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Several brokerages have issued reports on CTSH. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday. William Blair raised shares of Cognizant Technology Solutions Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday. Cantor Fitzgerald reissued a “buy” rating and issued a $78.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday. Needham & Company LLC raised shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and boosted their price target for the company from $78.00 to $90.00 in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.11.

A number of institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC grew its holdings in shares of Cognizant Technology Solutions Corporation 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 last quarter. WFG Advisors LP grew its holdings in shares of Cognizant Technology Solutions Corporation 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 last quarter. Krilogy Financial LLC bought a new stake in shares of Cognizant Technology Solutions Corporation during the second quarter worth about $137,000. Guardian Life Insurance Co. of America grew its holdings in shares of Cognizant Technology Solutions Corporation 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 last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Cognizant Technology Solutions Corporation by 15.7% during the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 87.35% of the company’s stock.

About Cognizant Technology Solutions Corporation

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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