Cognizant Technology Solutions Corp (NASDAQ:CTSH) General Counsel Matthew W. Friedrich sold 2,717 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $70.75, for a total transaction of $192,227.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Matthew W. Friedrich also recently made the following trade(s):

  • On Monday, November 13th, Matthew W. Friedrich sold 2,711 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $74.30, for a total transaction of $201,427.30.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $1.07 during mid-day trading on Thursday, reaching $71.50. 4,766,300 shares of the company’s stock traded hands, compared to its average volume of 3,980,542. The firm has a market cap of $42,140.00, a price-to-earnings ratio of 21.02, a P/E/G ratio of 1.59 and a beta of 1.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. Cognizant Technology Solutions Corp has a 52 week low of $51.52 and a 52 week high of $76.51.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. equities research analysts predict that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio is currently 18.58%.

A number of hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC lifted its position in shares of Cognizant Technology Solutions by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth about $121,000. WFG Advisors LP lifted its position in shares of Cognizant Technology Solutions by 46.4% in the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after buying an additional 621 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Cognizant Technology Solutions in the 2nd quarter worth about $137,000. Finally, BB&T Investment Services Inc. lifted its position in shares of Cognizant Technology Solutions by 86.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock worth $141,000 after buying an additional 1,011 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

CTSH has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, October 10th. Robert W. Baird raised their price target on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Bank of America reaffirmed a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 price target on shares of Cognizant Technology Solutions in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions in a report on Friday, September 8th. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Cognizant Technology Solutions currently has an average rating of “Buy” and an average price target of $81.91.

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About Cognizant Technology Solutions

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 (NASDAQ:CTSH)

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