Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 1,325 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $70.77, for a total transaction of $93,770.25. Following the sale, the executive vice president now directly owns 9,817 shares in the company, valued at $694,749.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $0.11 on Thursday, reaching $71.61. 5,680,559 shares of the company’s stock traded hands, compared to its average volume of 3,987,745. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $42,140.00, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07. Cognizant Technology Solutions Corp has a fifty-two week low of $51.52 and a fifty-two week high of $76.51.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 18.58%.

CTSH has been the topic of a number of recent analyst reports. SunTrust Banks reissued a “buy” rating and set a $85.00 price target on shares of Cognizant Technology Solutions in a report on Friday, November 3rd. Credit Suisse Group reissued an “outperform” rating and set a $89.00 price target (up from $80.00) on shares of Cognizant Technology Solutions in a report on Thursday, November 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price target on shares of Cognizant Technology Solutions in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Citigroup increased their price target on shares of Cognizant Technology Solutions from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Six equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $81.91.

Several hedge funds and other institutional investors have recently modified their holdings of the company. AXA raised its position in shares of Cognizant Technology Solutions by 11.3% in the third quarter. AXA now owns 371,160 shares of the information technology service provider’s stock valued at $26,924,000 after buying an additional 37,600 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $1,770,000. Public Employees Retirement System of Ohio raised its position in shares of Cognizant Technology Solutions by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 423,088 shares of the information technology service provider’s stock valued at $30,691,000 after buying an additional 1,489 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of Cognizant Technology Solutions by 0.6% in the third quarter. Crestwood Advisors Group LLC now owns 231,532 shares of the information technology service provider’s stock valued at $16,795,000 after buying an additional 1,349 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at about $408,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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