Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Debashis Chatterjee sold 2,190 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $74.00, for a total transaction of $162,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Debashis Chatterjee also recently made the following trade(s):

  • On Thursday, July 20th, Debashis Chatterjee sold 3,452 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $69.50, for a total transaction of $239,914.00.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at 74.38 on Friday. The firm’s 50-day moving average is $72.09 and its 200 day moving average is $67.19. The stock has a market cap of $43.93 billion, a P/E ratio of 23.86 and a beta of 1.12. Cognizant Technology Solutions Corporation has a one year low of $49.35 and a one year high of $74.77.

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

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Institutional investors have recently added to or reduced their stakes in the business. Pathstone Family Office LLC boosted its position in Cognizant Technology Solutions Corporation by 1,208.8% in the 2nd quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after purchasing an additional 1,366 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Cognizant Technology Solutions Corporation by 92.6% in the 2nd 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 in the last quarter. WFG Advisors LP boosted its position in Cognizant Technology Solutions Corporation by 46.4% in the 2nd 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 in the last quarter. Krilogy Financial LLC purchased a new stake in Cognizant Technology Solutions Corporation in the 2nd quarter worth approximately $137,000. Finally, Guardian Life Insurance Co. of America boosted its position in Cognizant Technology Solutions Corporation by 1.2% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Several research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $76.00 price target (up from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Needham & Company LLC reiterated a “buy” rating and issued a $78.00 price target (up from $72.00) on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, August 9th. Vetr upgraded shares of Cognizant Technology Solutions Corporation from a “sell” rating to a “buy” rating and set a $76.85 price target for the company in a research note on Tuesday, September 19th. Finally, Berenberg Bank upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $85.00 in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.66.

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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