Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP Allen Shaheen sold 1,232 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $71.51, for a total transaction of $88,100.32. Following the sale, the executive vice president now owns 6,120 shares of the company’s stock, valued at approximately $437,641.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NASDAQ CTSH traded down $0.62 during trading on Thursday, hitting $69.40. The stock had a trading volume of 404,683 shares, compared to its average volume of 3,548,485. Cognizant Technology Solutions Corp has a 12 month low of $65.14 and a 12 month high of $85.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.24 and a quick ratio of 3.24. The firm has a market cap of $40.54 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.51 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Tuesday, October 30th. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.06. Cognizant Technology Solutions had a net margin of 9.07% and a return on equity of 22.54%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. On average, research analysts anticipate that Cognizant Technology Solutions Corp will post 4.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. Cognizant Technology Solutions’s payout ratio is 22.66%.

A number of analysts have commented on the stock. Cowen lowered shares of Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $67.98 price target for the company. in a research note on Sunday. Goldman Sachs Group upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating in a research note on Monday, November 26th. BidaskClub upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. BMO Capital Markets restated a “hold” rating and set a $75.00 price target on shares of Cognizant Technology Solutions in a research note on Tuesday, November 20th. Finally, Jefferies Financial Group assumed coverage on shares of Cognizant Technology Solutions in a research note on Tuesday, November 20th. They set a “hold” rating and a $70.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.34.

Several hedge funds and other institutional investors have recently bought and sold shares of CTSH. BlackRock Inc. grew its stake in shares of Cognizant Technology Solutions by 6.9% in the 2nd quarter. BlackRock Inc. now owns 42,845,471 shares of the information technology service provider’s stock worth $3,384,363,000 after acquiring an additional 2,775,975 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Cognizant Technology Solutions by 909.3% in the 2nd quarter. Voya Investment Management LLC now owns 2,163,755 shares of the information technology service provider’s stock worth $170,915,000 after acquiring an additional 1,949,375 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Cognizant Technology Solutions by 1,273.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,009,285 shares of the information technology service provider’s stock worth $154,871,000 after acquiring an additional 1,862,983 shares in the last quarter. Flossbach Von Storch AG grew its stake in shares of Cognizant Technology Solutions by 225.1% in the 2nd quarter. Flossbach Von Storch AG now owns 1,464,966 shares of the information technology service provider’s stock worth $115,718,000 after acquiring an additional 1,014,395 shares in the last quarter. Finally, FIL Ltd grew its position in Cognizant Technology Solutions by 30.6% during the third quarter. FIL Ltd now owns 4,093,921 shares of the information technology service provider’s stock valued at $315,846,000 after buying an additional 958,946 shares during the period. Hedge funds and other institutional investors own 86.37% of the company’s stock.

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Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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