Cognizant Technology Solutions Corp (NASDAQ:CTSH) Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.44, for a total transaction of $1,886,000.00. Following the sale, the insider now owns 271,300 shares in the company, valued at approximately $20,466,872. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Cognizant Technology Solutions Corp (CTSH) traded up $0.35 during mid-day trading on Friday, hitting $77.10. 947,888 shares of the stock were exchanged, compared to its average volume of 3,770,000. Cognizant Technology Solutions Corp has a fifty-two week low of $51.52 and a fifty-two week high of $77.36. 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 cap of $45,460.00, a P/E ratio of 23.87, a PEG ratio of 1.45 and a beta of 1.08.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, beating the Zacks’ 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 business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts forecast that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Linscomb & Williams Inc. purchased a new position in shares of Cognizant Technology Solutions in the 3rd quarter valued at $278,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Cognizant Technology Solutions by 45.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 143,385 shares of the information technology service provider’s stock valued at $10,401,000 after acquiring an additional 44,982 shares during the period. Rothschild Asset Management Inc. purchased a new position in shares of Cognizant Technology Solutions in the 3rd quarter valued at $12,538,000. Palladium Partners LLC raised its stake in shares of Cognizant Technology Solutions by 2.5% in the 3rd quarter. Palladium Partners LLC now owns 98,625 shares of the information technology service provider’s stock valued at $7,154,000 after acquiring an additional 2,425 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Cognizant Technology Solutions by 3.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,992,206 shares of the information technology service provider’s stock valued at $144,515,000 after acquiring an additional 66,046 shares during the period. 86.04% of the stock is currently owned by institutional investors and hedge funds.

CTSH has been the topic of a number of analyst reports. Royal Bank of Canada restated a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions in a research report on Sunday, October 8th. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, October 10th. Jefferies Group restated a “buy” rating and set a $81.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Cowen restated a “buy” rating and set a $80.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Finally, KeyCorp reiterated a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Cognizant Technology Solutions currently has a consensus rating of “Buy” and an average price target of $81.98.

TRADEMARK VIOLATION NOTICE: “Chandrasekaran Ramakrishnan Sells 25,000 Shares of Cognizant Technology Solutions Corp (CTSH) Stock” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/chandrasekaran-ramakrishnan-sells-25000-shares-of-cognizant-technology-solutions-corp-ctsh-stock/1813856.html.

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)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.