Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 1,325 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $70.77, for a total transaction of $93,770.25. Following the completion of the transaction, the executive vice president now directly owns 9,817 shares in the company, valued at $694,749.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up $0.21 during trading hours on Friday, reaching $71.82. 3,261,723 shares of the company’s stock traded hands, compared to its average volume of 3,498,997. Cognizant Technology Solutions Corp has a one year low of $51.52 and a one year high of $76.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. The stock has a market capitalization of $42,224.48, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions 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 analyst estimates of $3.77 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. research analysts predict that Cognizant Technology Solutions Corp will post 3.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, November 17th. Cognizant Technology Solutions’s payout ratio is 18.52%.

A number of equities research analysts have recently weighed in on CTSH shares. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price objective on shares of Cognizant Technology Solutions in a report on Wednesday, September 6th. KeyCorp reissued a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, September 8th. Robert W. Baird reissued a “buy” rating and set a $80.00 price objective on shares of Cognizant Technology Solutions in a report on Sunday, September 10th. Bank of America reissued a “buy” rating and set a $86.00 price objective on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. Finally, Wedbush reissued an “outperform” rating on shares of Cognizant Technology Solutions in a report on Monday, September 18th. Six research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.91.

A number of large investors have recently bought and sold shares of the business. Candriam Luxembourg S.C.A. raised its position in shares of Cognizant Technology Solutions by 7.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 39,364 shares of the information technology service provider’s stock worth $2,614,000 after acquiring an additional 2,569 shares during the period. Lakeview Capital Partners LLC acquired a new position in shares of Cognizant Technology Solutions in the second quarter worth about $210,000. Pioneer Investment Management Inc. raised its position in shares of Cognizant Technology Solutions by 3.1% in the second quarter. Pioneer Investment Management Inc. now owns 3,549,988 shares of the information technology service provider’s stock worth $235,719,000 after acquiring an additional 107,808 shares during the period. Global X Management Co. LLC raised its position in shares of Cognizant Technology Solutions by 7.7% in the second quarter. Global X Management Co. LLC now owns 8,224 shares of the information technology service provider’s stock worth $546,000 after acquiring an additional 585 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Cognizant Technology Solutions in the second quarter worth about $544,000. 87.06% of the stock is currently owned by institutional investors.

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About Cognizant Technology Solutions

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 (NASDAQ:CTSH)

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