Cognizant Technology Solutions (NASDAQ:CTSH) CEO Ravi Kumar Singisetti Sells 2,950 Shares

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) CEO Ravi Kumar Singisetti sold 2,950 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the transaction, the chief executive officer directly owned 75,209 shares of the company’s stock, valued at approximately $6,397,277.54. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ravi Kumar Singisetti also recently made the following trade(s):

• On Thursday, December 4th, Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $80.01, for a total transaction of $250,031.25.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $85.18 on Wednesday. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The company has a fifty day simple moving average of $75.38 and a two-hundred day simple moving average of $73.79. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The company has a market cap of $41.11 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, equities analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.77%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CTSH shares. JPMorgan Chase & Co. lifted their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. UBS Group reaffirmed a “neutral” rating and set a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Guggenheim reissued a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Wells Fargo & Company lifted their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada lowered their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.44.

Hedge Funds Weigh In On Cognizant Technology Solutions

Several hedge funds have recently made changes to their positions in the company. Hilltop National Bank purchased a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at about $27,000. NewSquare Capital LLC increased its position in Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares during the period. JPL Wealth Management LLC purchased a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $25,000. High Note Wealth LLC boosted its holdings in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after acquiring an additional 449 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of Cognizant Technology Solutions during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.