Cognizant Technology Solutions Corp (NASDAQ:CTSH) General Counsel Matthew W. Friedrich sold 2,893 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $70.48, for a total value of $203,898.64. Following the transaction, the general counsel now directly owns 600 shares of the company’s stock, valued at approximately $42,288. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Matthew W. Friedrich also recently made the following trade(s):

  • On Monday, September 17th, Matthew W. Friedrich sold 447 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $76.29, for a total value of $34,101.63.

Cognizant Technology Solutions stock opened at $68.00 on Friday. Cognizant Technology Solutions Corp has a 1 year low of $65.14 and a 1 year 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 company has a market capitalization of $40.18 billion, a PE ratio of 16.72, a PEG ratio of 1.50 and a beta of 0.95.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, November 19th. Cognizant Technology Solutions’s dividend payout ratio is currently 22.66%.

Several brokerages have commented on CTSH. HSBC raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Cowen downgraded Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a research note on Monday, November 26th. Bank of America lowered their target price on Cognizant Technology Solutions from $81.00 to $68.00 and set an “underperform” rating for the company in a research note on Friday, November 2nd. BMO Capital Markets downgraded Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $74.00 target price for the company. in a research note on Wednesday, October 31st. Finally, KeyCorp lowered their target price on Cognizant Technology Solutions from $89.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Cognizant Technology Solutions presently has an average rating of “Buy” and a consensus target price of $82.34.

A number of large investors have recently added to or reduced their stakes in the business. Green Square Capital LLC increased its position in Cognizant Technology Solutions by 5.3% during the 2nd quarter. Green Square Capital LLC now owns 13,430 shares of the information technology service provider’s stock valued at $1,061,000 after purchasing an additional 674 shares during the period. GW Henssler & Associates Ltd. increased its position in Cognizant Technology Solutions by 0.4% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 185,120 shares of the information technology service provider’s stock valued at $14,623,000 after purchasing an additional 679 shares during the period. Whittier Trust Co. increased its position in Cognizant Technology Solutions by 20.8% during the 3rd quarter. Whittier Trust Co. now owns 4,066 shares of the information technology service provider’s stock valued at $313,000 after purchasing an additional 700 shares during the period. Twin Capital Management Inc. increased its position in Cognizant Technology Solutions by 0.7% during the 2nd quarter. Twin Capital Management Inc. now owns 104,050 shares of the information technology service provider’s stock valued at $8,219,000 after purchasing an additional 710 shares during the period. Finally, IFG Advisory LLC increased its position in Cognizant Technology Solutions by 4.7% during the 3rd quarter. IFG Advisory LLC now owns 16,235 shares of the information technology service provider’s stock valued at $1,252,000 after purchasing an additional 730 shares during the period. 86.37% of the stock is owned by institutional investors and hedge funds.

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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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Insider Buying and Selling by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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