Cognizant Technology Solutions Corporation (NASDAQ:CTSH) General Counsel Matthew W. Friedrich sold 2,711 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $74.30, for a total transaction of $201,427.30. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Cognizant Technology Solutions Corporation (CTSH) traded down $2.32 during trading hours on Friday, reaching $72.91. 4,370,631 shares of the company traded hands, compared to its average volume of 3,986,974. Cognizant Technology Solutions Corporation has a one year low of $51.35 and a one year high of $76.51. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The firm has a market cap of $44,450.00, a P/E ratio of 22.38, a PEG ratio of 1.69 and a beta of 1.10.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 0.82%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is presently 18.58%.

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Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC increased its holdings 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 buying an additional 800 shares during the period. Bank of Nova Scotia Trust Co. acquired a new position in Cognizant Technology Solutions Corporation in the 3rd quarter worth approximately $121,000. WFG Advisors LP increased its holdings 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 buying an additional 621 shares during the period. Krilogy Financial LLC acquired a new position in Cognizant Technology Solutions Corporation in the 2nd quarter worth approximately $137,000. Finally, BB&T Investment Services Inc. increased its holdings in Cognizant Technology Solutions Corporation by 86.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock worth $141,000 after buying an additional 1,011 shares during the period. Institutional investors own 86.99% of the company’s stock.

A number of analysts recently weighed in on CTSH shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Friday, November 3rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $89.00 price objective (up from $80.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, September 6th. 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. Finally, Citigroup Inc. upped their price objective on shares of Cognizant Technology Solutions Corporation from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s 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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