Cognizant Technology Solutions Corp (NASDAQ:CTSH) Director John Nelson Fox, Jr. sold 19,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $72.00, for a total value of $1,404,000.00. Following the transaction, the director now owns 55,090 shares of the company’s stock, valued at approximately $3,966,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $0.62 during trading hours on Thursday, reaching $71.81. 4,694,147 shares of the company were exchanged, compared to its average volume of 3,976,656. The company has a market capitalization of $42,130.14, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.61 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. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The company had revenue of $3.77 billion during 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%. Cognizant Technology Solutions’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. equities analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 18.52%.

Several brokerages have issued reports on CTSH. Vetr upgraded Cognizant Technology Solutions from a “sell” rating to a “buy” rating and set a $76.85 target price for the company in a research report on Tuesday, September 19th. Barclays boosted their target price on Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Wedbush restated an “outperform” rating on shares of Cognizant Technology Solutions in a research report on Monday, September 18th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $78.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Finally, William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $81.91.

Large investors have recently modified their holdings of the stock. Pathstone Family Office LLC raised its stake in Cognizant Technology Solutions by 1,208.8% in the second quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after buying an additional 1,366 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Cognizant Technology Solutions by 92.6% in the second 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 in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in Cognizant Technology Solutions in the third quarter worth approximately $121,000. WFG Advisors LP raised its stake in Cognizant Technology Solutions by 46.4% in the second 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 in the last quarter. Finally, Krilogy Financial LLC acquired a new position in shares of Cognizant Technology Solutions during the second quarter worth $137,000. 87.06% of the stock is owned by institutional investors.

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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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