Cognizant Technology Solutions Corp (CTSH) Vice Chairman Sells $1,925,000.00 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $77.00, for a total value of $1,925,000.00. Following the sale, the insider now directly owns 221,300 shares of the company’s stock, valued at $17,040,100. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Chandrasekaran Ramakrishnan also recently made the following trade(s):

  • On Tuesday, January 16th, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $75.44, for a total value of $1,886,000.00.

Cognizant Technology Solutions Corp (CTSH) traded up $0.67 during midday trading on Monday, reaching $77.96. The company had a trading volume of 3,841,735 shares, compared to its average volume of 3,686,124. Cognizant Technology Solutions Corp has a 12-month low of $51.52 and a 12-month high of $78.34. The stock has a market cap of $45,970.00, a P/E ratio of 24.14, a P/E/G ratio of 1.48 and a beta of 1.08. 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 released its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share 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 the consensus estimate of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. Cognizant Technology Solutions’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. equities research analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

Several research firms have recently commented on CTSH. BidaskClub raised Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a report on Friday. Citigroup raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $75.84 to $79.00 in a report on Thursday. Zacks Investment Research cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Credit Suisse Group reissued an “outperform” rating and issued a $89.00 price target (up from $80.00) on shares of Cognizant Technology Solutions in a report on Thursday, November 2nd. Finally, William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Cognizant Technology Solutions presently has a consensus rating of “Buy” and an average target price of $81.98.

A number of institutional investors have recently added to or reduced their stakes in CTSH. Bank of Nova Scotia Trust Co. purchased a new position in Cognizant Technology Solutions during the third quarter worth $121,000. WFG Advisors LP increased its position in 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 buying an additional 621 shares in the last quarter. Krilogy Financial LLC purchased a new position in Cognizant Technology Solutions during the second quarter worth $137,000. BB&T Investment Services Inc. increased its position in 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 buying an additional 1,011 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Cognizant Technology Solutions during the third quarter worth $167,000. 86.11% of the stock is owned by institutional investors.

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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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