Cognizant Technology Solutions Corp (NASDAQ:CTSH) CFO Karen Mcloughlin sold 12,500 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $75.37, for a total value of $942,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Karen Mcloughlin also recently made the following trade(s):

  • On Thursday, December 7th, Karen Mcloughlin sold 14,369 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $71.38, for a total value of $1,025,659.22.
  • On Thursday, November 30th, Karen Mcloughlin sold 9,482 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $72.24, for a total value of $684,979.68.

Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $0.91 during mid-day trading on Thursday, hitting $76.75. The stock had a trading volume of 5,518,247 shares, compared to its average volume of 3,715,442. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $45,260.00, a PE ratio of 23.76, a PEG ratio of 1.43 and a beta of 1.08. Cognizant Technology Solutions Corp has a 12 month low of $51.52 and a 12 month high of $77.14.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. equities research analysts forecast that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

CTSH has been the subject of a number of recent research reports. SunTrust Banks restated a “buy” rating and issued a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, November 3rd. Credit Suisse Group restated an “outperform” rating and issued a $89.00 target price (up from $80.00) on shares of Cognizant Technology Solutions in a research note on Thursday, November 2nd. Citigroup upped their target price on Cognizant Technology Solutions from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Royal Bank of Canada restated a “buy” rating and issued a $77.00 target price on shares of Cognizant Technology Solutions in a research note on Sunday, October 8th. Finally, Sanford C. Bernstein upped their target price on Cognizant Technology Solutions from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Cognizant Technology Solutions presently has a consensus rating of “Buy” and an average price target of $81.98.

Several hedge funds have recently made changes to their positions in the company. Westover Capital Advisors LLC boosted its holdings in Cognizant Technology Solutions by 2.2% in the second quarter. Westover Capital Advisors LLC now owns 3,885 shares of the information technology service provider’s stock valued at $258,000 after acquiring an additional 83 shares during the last quarter. Frontier Wealth Management LLC boosted its holdings in Cognizant Technology Solutions by 1.0% in the second quarter. Frontier Wealth Management LLC now owns 10,099 shares of the information technology service provider’s stock valued at $671,000 after acquiring an additional 99 shares during the last quarter. Simonbaker & Partners LLC boosted its holdings in Cognizant Technology Solutions by 2.3% in the second quarter. Simonbaker & Partners LLC now owns 4,853 shares of the information technology service provider’s stock valued at $322,000 after acquiring an additional 110 shares during the last quarter. Bank of Hawaii boosted its holdings in Cognizant Technology Solutions by 0.3% in the second quarter. Bank of Hawaii now owns 34,486 shares of the information technology service provider’s stock valued at $2,290,000 after acquiring an additional 114 shares during the last quarter. Finally, Signet Financial Management LLC boosted its holdings in Cognizant Technology Solutions by 0.3% in the second quarter. Signet Financial Management LLC now owns 70,042 shares of the information technology service provider’s stock valued at $4,650,000 after acquiring an additional 241 shares during the last quarter. Institutional investors own 86.04% 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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