Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Venkat Krishnaswamy sold 4,000 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $300,000.00. Following the sale, the insider now owns 3,919 shares of the company’s stock, valued at approximately $293,925. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Venkat Krishnaswamy also recently made the following trade(s):

  • On Monday, August 14th, Venkat Krishnaswamy sold 8,151 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $70.93, for a total transaction of $578,150.43.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at $74.26 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market cap of $43,598.36, a price-to-earnings ratio of 22.07, a PEG ratio of 1.67 and a beta of 1.10. Cognizant Technology Solutions Corporation has a 1 year low of $51.35 and a 1 year high of $76.51.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. Cognizant Technology Solutions Corporation had a net margin of 13.42% and a return on equity of 18.94%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. research analysts forecast that Cognizant Technology Solutions Corporation will post 3.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is currently 18.52%.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Linscomb & Williams Inc. bought a new stake in Cognizant Technology Solutions Corporation during the third quarter worth $278,000. Robeco Institutional Asset Management B.V. raised its position in Cognizant Technology Solutions Corporation by 45.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 143,385 shares of the information technology service provider’s stock worth $10,401,000 after acquiring an additional 44,982 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in Cognizant Technology Solutions Corporation by 57.7% during the second quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock worth $395,400,000 after acquiring an additional 2,178,800 shares in the last quarter. Oak Ridge Investments LLC raised its position in Cognizant Technology Solutions Corporation by 7.1% during the second quarter. Oak Ridge Investments LLC now owns 169,645 shares of the information technology service provider’s stock worth $11,264,000 after acquiring an additional 11,316 shares in the last quarter. Finally, Atlantic Trust Group LLC raised its position in Cognizant Technology Solutions Corporation by 1.3% during the second quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock worth $42,300,000 after acquiring an additional 8,245 shares in the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, November 1st. William Blair upgraded shares of Cognizant Technology Solutions Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $78.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, November 1st. Needham & Company LLC upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $78.00 to $90.00 in a report on Wednesday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $81.19.

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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