Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Sumithra Gomatam sold 10,000 shares of Cognizant Technology Solutions Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $69.75, for a total transaction of $697,500.00. Following the transaction, the insider now owns 24,445 shares in the company, valued at approximately $1,705,038.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 1.04% during midday trading on Wednesday, hitting $71.01. 3,718,561 shares of the company were exchanged. The stock’s 50-day moving average is $67.94 and its 200-day moving average is $62.02. The stock has a market cap of $41.82 billion, a PE ratio of 25.83 and a beta of 1.17. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $71.08.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Equities research analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio is currently 19.17%.

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Institutional investors have recently made changes to their positions in the stock. BLB&B Advisors LLC increased its position in shares of Cognizant Technology Solutions Corporation by 11.1% in the first quarter. BLB&B Advisors LLC now owns 4,000 shares of the information technology service provider’s stock valued at $238,000 after buying an additional 400 shares in the last quarter. Atria Investments LLC increased its position in shares of Cognizant Technology Solutions Corporation by 22.7% in the first quarter. Atria Investments LLC now owns 26,812 shares of the information technology service provider’s stock valued at $1,596,000 after buying an additional 4,965 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Cognizant Technology Solutions Corporation during the first quarter valued at about $600,000. Farmers Trust Co. increased its position in shares of Cognizant Technology Solutions Corporation by 0.6% in the first quarter. Farmers Trust Co. now owns 47,027 shares of the information technology service provider’s stock valued at $2,799,000 after buying an additional 260 shares in the last quarter. Finally, First National Bank of Omaha increased its position in shares of Cognizant Technology Solutions Corporation by 304.8% in the first quarter. First National Bank of Omaha now owns 78,419 shares of the information technology service provider’s stock valued at $4,617,000 after buying an additional 59,049 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on CTSH shares. Credit Suisse Group set a $70.00 price objective on shares of Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Cognizant Technology Solutions Corporation in a report on Friday, May 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $67.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Friday, May 5th. Vetr lowered shares of Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 price objective on the stock. in a report on Monday, May 1st. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $69.35.

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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