Cognizant Technology Solutions Corporation (NASDAQ:CTSH) President Rajeev Mehta sold 34,437 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $72.54, for a total transaction of $2,498,059.98. Following the transaction, the president now directly owns 170,063 shares of the company’s stock, valued at $12,336,370.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, September 11th, Rajeev Mehta sold 32,000 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $72.02, for a total transaction of $2,304,640.00.
  • On Friday, September 1st, Rajeev Mehta sold 32,000 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $71.02, for a total transaction of $2,272,640.00.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at 71.82 on Friday. The company has a market cap of $42.42 billion, a P/E ratio of 23.04 and a beta of 1.14. Cognizant Technology Solutions Corporation has a 52-week low of $45.44 and a 52-week high of $73.00. The stock has a 50 day moving average of $70.58 and a 200 day moving average of $65.16.

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, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. Cognizant Technology Solutions Corporation’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. On average, equities analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

The business also recently announced 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 0.84%. The ex-dividend date was Friday, August 18th. Cognizant Technology Solutions Corporation’s payout ratio is currently 19.17%.

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Large investors have recently added to or reduced their stakes in the stock. Comgest Global Investors S.A.S. raised its stake in Cognizant Technology Solutions Corporation by 57.7% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock valued at $395,400,000 after purchasing an additional 2,178,800 shares during the last quarter. Atlantic Trust Group LLC raised its stake in shares of Cognizant Technology Solutions Corporation by 1.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock valued at $42,300,000 after buying an additional 8,245 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Cognizant Technology Solutions Corporation by 173.9% in the 1st quarter. Private Advisor Group LLC now owns 30,271 shares of the information technology service provider’s stock valued at $1,219,000 after buying an additional 19,218 shares in the last quarter. First Financial Corp IN raised its stake in shares of Cognizant Technology Solutions Corporation by 1.4% in the 2nd quarter. First Financial Corp IN now owns 17,816 shares of the information technology service provider’s stock valued at $1,183,000 after buying an additional 240 shares in the last quarter. Finally, Davis R M Inc. raised its stake in shares of Cognizant Technology Solutions Corporation by 2.2% in the 1st quarter. Davis R M Inc. now owns 271,020 shares of the information technology service provider’s stock valued at $16,131,000 after buying an additional 5,751 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

A number of research analysts have issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Societe Generale cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $68.00 to $74.00 in a report on Monday, June 5th. BidaskClub raised shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Pacific Crest reaffirmed an “overweight” rating and issued a $75.00 target price (up from $73.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 1st. Finally, HSBC Holdings plc cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $65.00 to $68.00 in a report on Thursday, June 8th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.30.

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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