Cognizant Technology Solutions Corp (CTSH) Insider Sells $136,354.00 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Debashis Chatterjee sold 1,726 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $79.00, for a total transaction of $136,354.00. Following the transaction, the insider now owns 39,253 shares of the company’s stock, valued at approximately $3,100,987. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $1.13 during trading hours on Friday, hitting $76.29. 6,529,855 shares of the stock traded hands, compared to its average volume of 3,730,000. Cognizant Technology Solutions Corp has a one year low of $56.29 and a one year high of $79.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21. The company has a market cap of $44,980.00, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.15. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. equities analysts forecast that Cognizant Technology Solutions Corp will post 3.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.20 per share. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 23.81%.

Several large investors have recently bought and sold shares of the company. Gotham Asset Management LLC boosted its position in shares of Cognizant Technology Solutions by 4.3% during the 2nd quarter. Gotham Asset Management LLC now owns 6,565 shares of the information technology service provider’s stock valued at $436,000 after purchasing an additional 269 shares in the last quarter. Tandem Investment Advisors Inc. boosted its position in shares of Cognizant Technology Solutions by 2.5% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 17,359 shares of the information technology service provider’s stock valued at $1,153,000 after purchasing an additional 419 shares in the last quarter. North Star Asset Management Inc. boosted its position in shares of Cognizant Technology Solutions by 0.3% during the 2nd quarter. North Star Asset Management Inc. now owns 167,392 shares of the information technology service provider’s stock valued at $11,115,000 after purchasing an additional 425 shares in the last quarter. Robecosam AG boosted its position in shares of Cognizant Technology Solutions by 0.5% during the 2nd quarter. Robecosam AG now owns 126,819 shares of the information technology service provider’s stock valued at $8,388,000 after purchasing an additional 569 shares in the last quarter. Finally, WFG Advisors LP boosted its position in shares of Cognizant Technology Solutions by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after purchasing an additional 621 shares in the last quarter. Institutional investors own 86.95% of the company’s stock.

Several research firms have recently commented on CTSH. BMO Capital Markets upped their price target on shares of Cognizant Technology Solutions from $78.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday. Cowen restated a “buy” rating and set a $90.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday. Credit Suisse Group set a $100.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC upped their price target on shares of Cognizant Technology Solutions from $90.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Finally, Barclays increased their target price on shares of Cognizant Technology Solutions from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday. Six 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 stock presently has an average rating of “Buy” and a consensus target price of $84.21.

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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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