Cognizant Technology Solutions Corp (NASDAQ:CTSH) CFO Karen Mcloughlin sold 12,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $75.37, for a total transaction of $942,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Karen Mcloughlin also recently made the following trade(s):

  • On Thursday, December 7th, Karen Mcloughlin sold 14,369 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $71.38, for a total transaction of $1,025,659.22.
  • On Thursday, November 30th, Karen Mcloughlin sold 9,482 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $72.24, for a total transaction of $684,979.68.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $77.29 on Friday. Cognizant Technology Solutions Corp has a twelve month low of $51.52 and a twelve month high of $77.38. The firm has a market cap of $45,255.25, a P/E ratio of 23.85, a P/E/G ratio of 1.47 and a beta of 1.08. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $3.77 billion. During the same period in the prior year, the business posted $0.86 earnings per share. Cognizant Technology Solutions’s revenue was up 9.1% compared to the same quarter last year. equities analysts predict that Cognizant Technology Solutions Corp will post 3.35 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in Cognizant Technology Solutions by 5.3% in the second quarter. PNC Financial Services Group Inc. now owns 208,113 shares of the information technology service provider’s stock valued at $13,820,000 after purchasing an additional 10,520 shares in the last quarter. Acrospire Investment Management LLC increased its stake in 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. Rafferty Asset Management LLC increased its stake in Cognizant Technology Solutions by 9.4% in the second quarter. Rafferty Asset Management LLC now owns 21,475 shares of the information technology service provider’s stock valued at $1,426,000 after purchasing an additional 1,840 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Cognizant Technology Solutions in the second quarter valued at approximately $1,719,000. Finally, Marietta Wealth Management LLC increased its stake in Cognizant Technology Solutions by 4.6% in the second quarter. Marietta Wealth Management LLC now owns 28,727 shares of the information technology service provider’s stock valued at $1,907,000 after purchasing an additional 1,262 shares in the last quarter. Institutional investors and hedge funds own 86.04% of the company’s stock.

Several analysts have weighed in on CTSH shares. Barclays upped their price objective on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. BidaskClub cut shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Cognizant Technology Solutions in a research note on Sunday, October 8th. Zacks Investment Research cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird upped their price objective on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Cognizant Technology Solutions has an average rating of “Buy” and an average target price of $81.98.

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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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