Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sean Middleton sold 1,278 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $71.36, for a total value of $91,198.08. Following the completion of the sale, the insider now owns 3,366 shares in the company, valued at $240,197.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $2,364.48.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $71.56 on Tuesday. 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 Corp has a twelve month low of $51.52 and a twelve month high of $76.51. The stock has a market capitalization of $42,348.30, a PE ratio of 21.44, a P/E/G ratio of 1.62 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. The business had revenue of $3.77 billion for 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 business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. equities research analysts anticipate that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Cognizant Technology Solutions’s payout ratio is currently 18.52%.

Hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC raised its holdings in shares of 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 buying an additional 585 shares during the last quarter. Trexquant Investment LP acquired a new position in Cognizant Technology Solutions during the second quarter worth about $544,000. Schwab Charles Investment Management Inc. grew its position in Cognizant Technology Solutions by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,926,160 shares of the information technology service provider’s stock worth $127,898,000 after buying an additional 48,460 shares during the period. National Planning Corp acquired a new position in Cognizant Technology Solutions during the second quarter worth about $267,000. Finally, First Mercantile Trust Co. acquired a new position in Cognizant Technology Solutions during the second quarter worth about $395,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

A number of research analysts have recently commented on the company. Cantor Fitzgerald restated a “buy” rating and issued a $78.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Oppenheimer reiterated a “buy” rating and set a $80.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Needham & Company LLC upgraded Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $78.00 to $90.00 in a research note on Wednesday, November 1st. William Blair upgraded Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group restated an “outperform” rating and issued a $89.00 price target (up previously from $80.00) on shares of Cognizant Technology Solutions in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $81.91.

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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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