Cognizant Technology Solutions Corp (NASDAQ:CTSH) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Thursday, February 22nd will be given a dividend of 0.20 per share by the information technology service provider on Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15.
Cognizant Technology Solutions (CTSH) opened at $77.00 on Wednesday. The firm has a market capitalization of $43,215.09, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. Cognizant Technology Solutions has a fifty-two week low of $54.76 and a fifty-two week high of $78.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29.
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 Zacks’ consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion during 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%. Cognizant Technology Solutions’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. equities analysts forecast that Cognizant Technology Solutions will post 3.35 earnings per share for the current year.
In other Cognizant Technology Solutions news, Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $75.44, for a total value of $1,886,000.00. Following the sale, the insider now directly owns 271,300 shares of the company’s stock, valued at $20,466,872. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sumithra Gomatam sold 2,625 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $76.00, for a total value of $199,500.00. Following the completion of the sale, the insider now directly owns 40,979 shares in the company, valued at $3,114,404. The disclosure for this sale can be found here. Over the last three months, insiders have sold 961,064 shares of company stock worth $70,504,403. Corporate insiders own 1.08% of the company’s stock.
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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