Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sumithra Gomatam sold 2,625 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $76.00, for a total value of $199,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sumithra Gomatam also recently made the following trade(s):

  • On Tuesday, October 31st, Sumithra Gomatam sold 3,163 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $76.00, for a total value of $240,388.00.

Cognizant Technology Solutions Corp (CTSH) traded up $0.54 during trading hours on Friday, hitting $77.29. The company’s stock had a trading volume of 3,177,037 shares, compared to its average volume of 3,770,000. Cognizant Technology Solutions Corp has a 1 year low of $51.52 and a 1 year high of $77.38. The stock has a market cap of $45,570.00, a PE ratio of 23.93, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. equities analysts expect that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

Several research analysts have commented on the company. BidaskClub upgraded Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $75.84 to $79.00 in a research note on Thursday. Barclays restated a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, January 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $78.00 target price on shares of Cognizant Technology Solutions in a research note on Tuesday, December 5th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.98.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its holdings in shares of Cognizant Technology Solutions by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after buying an additional 800 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at about $121,000. WFG Advisors LP raised its holdings in shares of Cognizant Technology Solutions by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after buying an additional 621 shares in the last quarter. Krilogy Financial LLC purchased a new position in shares of Cognizant Technology Solutions during the 2nd quarter valued at about $137,000. Finally, BB&T Investment Services Inc. raised its holdings in shares of Cognizant Technology Solutions by 86.8% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after buying an additional 1,011 shares in the last quarter. 86.04% 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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