Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Sumithra Gomatam sold 3,163 shares of Cognizant Technology Solutions Corporation stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $76.00, for a total value of $240,388.00. Following the completion of the transaction, the insider now owns 6,346 shares in the company, valued at approximately $482,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sumithra Gomatam also recently made the following trade(s):

  • On Monday, September 25th, Sumithra Gomatam sold 3,601 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $72.00, for a total value of $259,272.00.
  • On Tuesday, September 26th, Sumithra Gomatam sold 8,000 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $72.00, for a total value of $576,000.00.
  • On Monday, August 7th, Sumithra Gomatam sold 10,000 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $69.75, for a total value of $697,500.00.

The stock has a market cap of $43.92 billion, a PE ratio of 22.20 and a beta of 1.10.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous 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 research analysts anticipate that Cognizant Technology Solutions Corporation will post 3.3 EPS for the current year.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Cognizant Technology Solutions Corporation by 3,470.1% in the 1st quarter. BlackRock Inc. now owns 40,747,905 shares of the information technology service provider’s stock worth $2,425,316,000 after acquiring an additional 39,606,526 shares during the last quarter. Vanguard Group Inc. raised its holdings in Cognizant Technology Solutions Corporation by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,545,109 shares of the information technology service provider’s stock worth $2,413,246,000 after acquiring an additional 1,379,271 shares during the last quarter. FMR LLC raised its holdings in 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 worth $1,664,366,000 after acquiring an additional 11,262,360 shares during the last quarter. State Street Corp raised its holdings in Cognizant Technology Solutions Corporation by 1.8% in the 1st quarter. State Street Corp now owns 24,267,262 shares of the information technology service provider’s stock worth $1,444,391,000 after acquiring an additional 435,142 shares during the last quarter. Finally, Pzena Investment Management LLC raised its holdings in 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 worth $465,522,000 after acquiring an additional 296,899 shares during the last quarter. Institutional investors own 87.35% of the company’s stock.

Several research firms recently issued reports on CTSH. BMO Capital Markets raised their target price on Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley raised their target price on Cognizant Technology Solutions Corporation from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday. Sanford C. Bernstein raised their target price on Cognizant Technology Solutions Corporation from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Investment Research cut Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $78.00 target price (up from $72.00) on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $80.11.

About Cognizant Technology Solutions Corporation

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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