Cognizant Technology Solutions Corporation (CTSH) To Go Ex-Dividend on November 17th

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Stockholders of record on Monday, November 20th will be paid a dividend of 0.15 per share by the information technology service provider on Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 17th.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at $74.26 on Friday. Cognizant Technology Solutions Corporation has a twelve month low of $51.35 and a twelve month high of $76.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a market capitalization of $43,787.04, a P/E ratio of 22.17, a PEG ratio of 1.67 and a beta of 1.10.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate 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 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. sell-side analysts predict that Cognizant Technology Solutions Corporation will post 3.35 earnings per share for the current fiscal year.

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A number of research analysts recently commented on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $80.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, November 1st. William Blair upgraded Cognizant Technology Solutions Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $78.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, November 1st. Needham & Company LLC upgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $78.00 to $90.00 in a research note on Wednesday, November 1st. Finally, BMO Capital Markets upped their price objective on Cognizant Technology Solutions Corporation from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Five 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 currently has a consensus rating of “Buy” and a consensus target price of $81.19.

In other news, EVP James Patrick Lennox sold 1,725 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $71.57, for a total transaction of $123,458.25. Following the completion of the sale, the executive vice president now directly owns 8,407 shares of the company’s stock, valued at $601,688.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $71.26, for a total value of $139,242.04. Following the sale, the insider now directly owns 10,515 shares of the company’s stock, valued at $749,298.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,880 shares of company stock valued at $19,423,948. Insiders own 1.08% of the company’s stock.

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.

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