Cognizant Technology Solutions Corporation (NASDAQ:CTSH) CEO Francisco Dsouza sold 482,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total value of $34,723,280.00. Following the completion of the sale, the chief executive officer now owns 621,643 shares of the company’s stock, valued at $44,783,161.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at $72.27 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $42,283.45, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10. Cognizant Technology Solutions Corporation has a twelve month low of $51.52 and a twelve month high of $76.51.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 3.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s payout ratio is currently 18.52%.

A number of large investors have recently modified their holdings of CTSH. FMR LLC lifted its stake in shares of Cognizant Technology Solutions Corporation by 81.6% in the 2nd quarter. FMR LLC now owns 25,065,752 shares of the information technology service provider’s stock valued at $1,664,366,000 after purchasing an additional 11,262,360 shares during the last quarter. Edgewood Management LLC lifted its stake in shares of Cognizant Technology Solutions Corporation by 9.3% in the 3rd quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock valued at $1,227,063,000 after purchasing an additional 1,443,368 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Cognizant Technology Solutions Corporation by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock valued at $730,914,000 after purchasing an additional 313,364 shares during the last quarter. Comgest Global Investors S.A.S. lifted its stake in shares of Cognizant Technology Solutions Corporation by 24.5% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 7,416,617 shares of the information technology service provider’s stock valued at $538,001,000 after purchasing an additional 1,461,800 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its stake in shares of Cognizant Technology Solutions Corporation by 4.4% in the 2nd quarter. Pzena Investment Management LLC now owns 7,010,880 shares of the information technology service provider’s stock valued at $465,522,000 after purchasing an additional 296,899 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

CTSH has been the subject of several research reports. SunTrust Banks, Inc. reiterated a “buy” rating and set a $85.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Friday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $89.00 price target (up from $80.00) on shares of Cognizant Technology Solutions Corporation in a research report on Thursday, November 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research report on Wednesday, September 6th. Zacks Investment Research cut Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. boosted their price target on Cognizant Technology Solutions Corporation from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Five research 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 company. Cognizant Technology Solutions Corporation has an average rating of “Buy” and a consensus target price of $81.19.

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Cognizant Technology Solutions Corporation 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 Corporation (NASDAQ:CTSH)

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