Cognizant Technology Solutions Corp (CTSH) VP Malcolm Frank Sells 9,462 Shares

Cognizant Technology Solutions Corp (NASDAQ:CTSH) VP Malcolm Frank sold 9,462 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total transaction of $668,111.82. Following the completion of the transaction, the vice president now owns 15,533 shares in the company, valued at $1,096,785.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded down $0.07 during trading on Tuesday, reaching $70.95. 2,979,660 shares of the company were exchanged, compared to its average volume of 2,640,300. 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 Corp has a 52-week low of $51.52 and a 52-week high of $76.51. The stock has a market capitalization of $41,840.00, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 9.1% on a year-over-year basis. analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 EPS for the current fiscal year.

A number of research firms recently commented on CTSH. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $78.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, November 1st. Oppenheimer reaffirmed a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, November 1st. Needham & Company LLC raised shares of Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $78.00 to $90.00 in a research report on Wednesday, November 1st. William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $89.00 price objective (up from $80.00) on shares of Cognizant Technology Solutions in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.83.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. raised its holdings in 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 valued at $2,614,000 after acquiring an additional 2,569 shares in the last quarter. Global X Management Co. LLC raised its holdings in 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 valued at $546,000 after acquiring an additional 585 shares in the last quarter. Trexquant Investment LP acquired a new stake in Cognizant Technology Solutions in the second quarter valued at $544,000. Canada Pension Plan Investment Board raised its holdings in Cognizant Technology Solutions by 134.3% in the second quarter. Canada Pension Plan Investment Board now owns 622,035 shares of the information technology service provider’s stock valued at $41,303,000 after acquiring an additional 356,578 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in Cognizant Technology Solutions by 11.6% in the second quarter. Wetherby Asset Management Inc. now owns 9,918 shares of the information technology service provider’s stock valued at $658,000 after acquiring an additional 1,028 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors and hedge funds.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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