Francisco Dsouza Sells 240,000 Shares of Cognizant Technology Solutions Corp (CTSH) Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) CEO Francisco Dsouza sold 240,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $74.04, for a total transaction of $17,769,600.00. Following the completion of the sale, the chief executive officer now owns 541,667 shares in the company, valued at $40,105,024.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Francisco Dsouza also recently made the following trade(s):

  • On Tuesday, November 21st, Francisco Dsouza sold 482,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $72.04, for a total transaction of $34,723,280.00.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $74.56 on Friday. Cognizant Technology Solutions Corp has a 52 week low of $51.52 and a 52 week high of $76.51. 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 firm has a market cap of $43,960.00, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.42 and a beta of 1.08.

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

Several large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its position in Cognizant Technology Solutions by 2.2% during the second quarter. Teachers Advisors LLC now owns 976,850 shares of the information technology service provider’s stock worth $64,863,000 after purchasing an additional 20,982 shares during the period. Icon Advisers Inc. Co. boosted its position in Cognizant Technology Solutions by 7.2% during the second quarter. Icon Advisers Inc. Co. now owns 68,300 shares of the information technology service provider’s stock worth $4,535,000 after purchasing an additional 4,600 shares during the period. Norinchukin Bank The boosted its position in Cognizant Technology Solutions by 3.3% during the second quarter. Norinchukin Bank The now owns 40,873 shares of the information technology service provider’s stock worth $2,714,000 after purchasing an additional 1,323 shares during the period. Captrust Financial Advisors bought a new position in Cognizant Technology Solutions during the second quarter worth $307,000. Finally, Comerica Securities Inc. boosted its position in Cognizant Technology Solutions by 0.4% during the second quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after purchasing an additional 32 shares during the period. 85.98% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price objective on the stock in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. BMO Capital Markets lifted their price objective on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Needham & Company LLC upgraded shares of Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $78.00 to $90.00 in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.75.

WARNING: “Francisco Dsouza Sells 240,000 Shares of Cognizant Technology Solutions Corp (CTSH) Stock” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/14/francisco-dsouza-sells-240000-shares-of-cognizant-technology-solutions-corp-ctsh-stock.html.

Cognizant Technology Solutions 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 (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply