Cognizant Technology Solutions Corp (NASDAQ:CTSH) President Rajeev Mehta sold 42,500 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $76.00, for a total transaction of $3,230,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $0.54 during midday trading on Friday, reaching $77.29. 3,180,000 shares of the company’s stock were exchanged, compared to its average volume of 3,770,000. Cognizant Technology Solutions Corp has a 12 month low of $51.52 and a 12 month high of $77.38. The company has a market cap of $45,570.00, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. 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 (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was up 9.1% on a year-over-year basis. sell-side analysts predict that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $75.84 to $79.00 in a research note on Thursday. Barclays reiterated a “buy” rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, January 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $78.00 price objective on shares of Cognizant Technology Solutions in a research note on Tuesday, December 5th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.98.
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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.
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