Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Director Maureen Breakiron-Evans sold 12,368 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $69.70, for a total value of $862,049.60. Following the completion of the transaction, the director now directly owns 1,075 shares in the company, valued at approximately $74,927.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cognizant Technology Solutions Corporation (CTSH) traded up 1.04% during trading on Wednesday, hitting $71.01. 3,718,561 shares of the stock traded hands. The company has a market capitalization of $41.82 billion, a P/E ratio of 25.83 and a beta of 1.17. The company’s 50 day moving average is $68.24 and its 200 day moving average is $62.18. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $71.57.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Cognizant Technology Solutions Corporation’s payout ratio is 19.17%.

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CTSH has been the topic of several research reports. Credit Suisse Group set a $70.00 price target on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a report on Saturday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Cognizant Technology Solutions Corporation in a report on Friday, May 5th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $67.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Friday, May 5th. Vetr cut Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 price target on the stock. in a report on Monday, May 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $69.35.

Several large investors have recently modified their holdings of CTSH. Provident Investment Management Inc. increased its position in Cognizant Technology Solutions Corporation by 0.3% in the second quarter. Provident Investment Management Inc. now owns 445,805 shares of the information technology service provider’s stock worth $29,601,000 after buying an additional 1,417 shares during the period. Fiduciary Trust Co. increased its position in Cognizant Technology Solutions Corporation by 5.0% in the second quarter. Fiduciary Trust Co. now owns 52,779 shares of the information technology service provider’s stock worth $3,504,000 after buying an additional 2,532 shares during the period. Manchester Capital Management LLC increased its position in Cognizant Technology Solutions Corporation by 15.7% in the second quarter. Manchester Capital Management LLC now owns 2,728 shares of the information technology service provider’s stock worth $181,000 after buying an additional 370 shares during the period. Veritas Investment Management LLP increased its position in Cognizant Technology Solutions Corporation by 9.4% in the second quarter. Veritas Investment Management LLP now owns 713,392 shares of the information technology service provider’s stock worth $47,373,000 after buying an additional 61,105 shares during the period. Finally, Calamos Advisors LLC increased its position in Cognizant Technology Solutions Corporation by 2.7% in the second quarter. Calamos Advisors LLC now owns 77,665 shares of the information technology service provider’s stock worth $5,157,000 after buying an additional 2,057 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

About Cognizant Technology Solutions Corporation

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 Corporation (NASDAQ:CTSH)

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