Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sean Middleton sold 1,278 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.36, for a total transaction of $91,198.08. Following the completion of the sale, the insider now owns 3,366 shares of the company’s stock, valued at approximately $240,197.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sean Middleton also recently made the following trade(s):
- On Wednesday, October 11th, Sean Middleton sold 32 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $73.89, for a total transaction of $2,364.48.
Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $71.45 on Wednesday. The firm has a market cap of $42,195.00, a P/E ratio of 21.36, a PEG ratio of 1.61 and a beta of 1.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. Cognizant Technology Solutions Corp has a fifty-two week low of $51.52 and a fifty-two week high of $76.51.
Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data 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. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. equities research analysts forecast that Cognizant Technology Solutions Corp will post 3.35 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, November 17th. Cognizant Technology Solutions’s payout ratio is 18.52%.
A number of research analysts have commented on the stock. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price target for the company in a research note on Wednesday, November 29th. KeyCorp restated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, September 8th. Bank of America restated a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions in a research note on Tuesday, September 12th. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, BMO Capital Markets raised their price target on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.91.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions by 92.6% in the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after purchasing an additional 800 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Cognizant Technology Solutions in the third quarter valued at approximately $121,000. WFG Advisors LP increased its holdings in shares of Cognizant Technology Solutions by 46.4% in the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after purchasing an additional 621 shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at approximately $137,000. Finally, BB&T Investment Services Inc. increased its holdings in shares of Cognizant Technology Solutions by 86.8% in the third quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after purchasing an additional 1,011 shares in the last quarter. 87.06% of the stock is 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.
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