Insider Selling: Cognizant Technology Solutions Corp (CTSH) Insider Sells 4,000 Shares of Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Venkat Krishnaswamy sold 4,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $77.50, for a total value of $310,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $1.71 during trading on Wednesday, reaching $79.82. The company had a trading volume of 4,760,060 shares, compared to its average volume of 4,074,970. 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 capitalization of $46,150.00, a price-to-earnings ratio of 31.67, a P/E/G ratio of 1.47 and a beta of 1.11. Cognizant Technology Solutions Corp has a 1 year low of $57.00 and a 1 year high of $80.13.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced 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. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. Cognizant Technology Solutions’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. equities analysts anticipate that Cognizant Technology Solutions Corp will post 4.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 22nd will be issued a $0.20 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, February 21st. Cognizant Technology Solutions’s payout ratio is currently 23.81%.

A number of analysts have recently issued reports on the company. Vetr raised Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 target price on the stock in a research report on Wednesday, November 29th. Loop Capital lifted their target price on Cognizant Technology Solutions to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. BidaskClub raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Finally, BMO Capital Markets lifted their target price on Cognizant Technology Solutions from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $84.32.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Cognizant Technology Solutions by 3.1% during the fourth quarter. BlackRock Inc. now owns 36,121,482 shares of the information technology service provider’s stock valued at $2,565,349,000 after purchasing an additional 1,088,469 shares during the last quarter. Edgewood Management LLC grew its holdings in shares of Cognizant Technology Solutions by 9.3% during the third quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock valued at $1,227,063,000 after purchasing an additional 1,443,368 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Cognizant Technology Solutions by 3.2% during the third quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock valued at $730,914,000 after purchasing an additional 313,364 shares during the last quarter. Comgest Global Investors S.A.S. grew its holdings in shares of Cognizant Technology Solutions by 18.3% during the fourth quarter. Comgest Global Investors S.A.S. now owns 8,774,817 shares of the information technology service provider’s stock valued at $623,188,000 after purchasing an additional 1,358,200 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Cognizant Technology Solutions by 2.8% during the fourth quarter. Pzena Investment Management LLC now owns 7,119,634 shares of the information technology service provider’s stock valued at $505,636,000 after purchasing an additional 194,583 shares during the last quarter. 86.87% 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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