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.
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.
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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