Cognizant Technology Solutions Corporation (NASDAQ:CTSH) President Rajeev Mehta sold 32,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $72.02, for a total value of $2,304,640.00. Following the completion of the sale, the president now owns 170,063 shares of the company’s stock, valued at $12,247,937.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rajeev Mehta also recently made the following trade(s):

  • On Friday, September 1st, Rajeev Mehta sold 32,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $71.02, for a total value of $2,272,640.00.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded down 0.82% during trading on Wednesday, reaching $72.24. The company’s stock had a trading volume of 2,688,321 shares. Cognizant Technology Solutions Corporation has a 12-month low of $45.44 and a 12-month high of $73.00. The stock’s 50-day moving average is $70.41 and its 200-day moving average is $64.97. The stock has a market cap of $42.67 billion, a P/E ratio of 23.18 and a beta of 1.14.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio is 19.17%.

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Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC lifted its stake in Cognizant Technology Solutions Corporation by 92.6% during the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after purchasing an additional 800 shares during the last quarter. WFG Advisors LP lifted its stake in Cognizant Technology Solutions Corporation by 46.4% during the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after purchasing an additional 621 shares during the last quarter. Krilogy Financial LLC bought a new stake in Cognizant Technology Solutions Corporation during the second quarter worth about $137,000. Guardian Life Insurance Co. of America lifted its stake in Cognizant Technology Solutions Corporation by 1.2% during the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after purchasing an additional 27 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Cognizant Technology Solutions Corporation by 24.2% during the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock worth $154,000 after purchasing an additional 505 shares during the last quarter. 87.64% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on CTSH. Bank of America Corporation restated a “buy” rating and issued a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Sunday. KeyCorp restated a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, September 6th. Finally, Zacks Investment Research downgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Cognizant Technology Solutions Corporation presently has an average rating of “Buy” and a consensus price target of $71.43.

Cognizant Technology Solutions Corporation 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 Corporation (NASDAQ:CTSH)

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