Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sean Middleton sold 1,278 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $71.36, for a total transaction of $91,198.08. Following the completion of the transaction, the insider now directly owns 3,366 shares of the company’s stock, valued at $240,197.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sean Middleton also recently made the following trade(s):

  • On Wednesday, October 11th, Sean Middleton sold 32 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $73.89, for a total transaction of $2,364.48.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded down $0.26 during midday trading on Monday, reaching $71.56. 2,318,297 shares of the company’s stock traded hands, compared to its average volume of 3,984,970. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29. The stock has a market capitalization of $42,348.30, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07. 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 posted its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping the 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%. Cognizant Technology Solutions’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. research analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 EPS 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 dividend of $0.15 per share. The ex-dividend date was Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 18.52%.

Several large investors have recently added to or reduced their stakes in CTSH. Acrospire Investment Management LLC lifted its position in shares of Cognizant Technology Solutions 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. Bank of Nova Scotia Trust Co. bought a new stake in shares of Cognizant Technology Solutions during the third quarter worth $121,000. WFG Advisors LP lifted its position in shares of Cognizant Technology Solutions 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 during the second quarter worth $137,000. Finally, BB&T Investment Services Inc. lifted its position in shares of Cognizant Technology Solutions by 86.8% during the third quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock worth $141,000 after purchasing an additional 1,011 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

A number of research analysts recently weighed in on CTSH shares. Bank of America reissued a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a report on Sunday, September 10th. KeyCorp reissued a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday, September 6th. Finally, Cowen reissued a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Six 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 stock. Cognizant Technology Solutions has a consensus rating of “Buy” and a consensus 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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