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 transaction of $310,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $1.71 during trading hours on Thursday, reaching $79.82. 4,773,400 shares of the company’s stock were exchanged, compared to its average volume of 3,986,662. The firm has a market capitalization of $47,430.00, a price-to-earnings ratio of 31.93, a PEG ratio of 1.47 and a beta of 1.11. Cognizant Technology Solutions Corp has a 52-week low of $57.00 and a 52-week high of $80.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.15. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.82 billion. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. analysts expect that Cognizant Technology Solutions Corp will post 4.21 earnings per share for the current fiscal year.

The business also recently announced 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, February 21st. Cognizant Technology Solutions’s dividend payout ratio is presently 23.81%.

Hedge funds have recently made changes to their positions in the company. Shine Investment Advisory Services Inc. lifted its position in shares of Cognizant Technology Solutions by 108.8% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 1,512 shares of the information technology service provider’s stock worth $107,000 after purchasing an additional 788 shares in the last quarter. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $107,000. Clearbridge Investments LLC lifted its position in shares of Cognizant Technology Solutions by 101.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,616 shares of the information technology service provider’s stock worth $115,000 after purchasing an additional 813 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of Cognizant Technology Solutions during the third quarter worth approximately $121,000. Finally, Cerebellum GP LLC acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $128,000. Institutional investors own 86.87% of the company’s stock.

CTSH has been the topic of a number of analyst reports. SunTrust Banks reissued a “buy” rating and issued a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, November 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $89.00 target price (up previously from $80.00) on shares of Cognizant Technology Solutions in a research note on Thursday, November 2nd. Citigroup upped their target price on shares of Cognizant Technology Solutions from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. BidaskClub raised shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Morgan Stanley upped their target price on shares of Cognizant Technology Solutions from $77.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $84.32.

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About Cognizant Technology Solutions

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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