Cognizant Technology Solutions Corp (CTSH) Insider Debashis Chatterjee Sells 1,650 Shares of Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Debashis Chatterjee sold 1,650 shares of Cognizant Technology Solutions stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $83.00, for a total transaction of $136,950.00. Following the transaction, the insider now owns 37,603 shares in the company, valued at approximately $3,121,049. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Debashis Chatterjee also recently made the following trade(s):

  • On Wednesday, February 7th, Debashis Chatterjee sold 1,726 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $79.00, for a total transaction of $136,354.00.

Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $0.92 during midday trading on Friday, reaching $82.53. 3,540,628 shares of the company’s stock were exchanged, compared to its average volume of 4,210,000. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21. The company has a market cap of $49,210.00, a P/E ratio of 23.12, a P/E/G ratio of 1.54 and a beta of 1.11. Cognizant Technology Solutions Corp has a one year low of $57.00 and a one year high of $83.56.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.82 billion. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. Cognizant Technology Solutions’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. equities analysts anticipate that Cognizant Technology Solutions Corp will post 4.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be issued a $0.20 dividend. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, February 21st. Cognizant Technology Solutions’s payout ratio is currently 22.41%.

Several research analysts have recently weighed in on the stock. Argus upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and lifted their price target for the stock from $81.80 to $100.00 in a research note on Thursday. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Wednesday, January 10th. Oppenheimer reiterated a “buy” rating and set a $80.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, November 1st. Barclays reiterated an “overweight” rating and set a $88.00 price target (up previously from $86.00) on shares of Cognizant Technology Solutions in a research note on Thursday, February 8th. Finally, Morgan Stanley lifted their price target on shares of Cognizant Technology Solutions from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.43.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Keybank National Association OH increased its holdings in Cognizant Technology Solutions by 1.0% in the 3rd quarter. Keybank National Association OH now owns 69,323 shares of the information technology service provider’s stock valued at $5,029,000 after acquiring an additional 663 shares during the last quarter. Dowling & Yahnke LLC increased its holdings in Cognizant Technology Solutions by 2.0% in the 3rd quarter. Dowling & Yahnke LLC now owns 34,428 shares of the information technology service provider’s stock valued at $2,497,000 after acquiring an additional 670 shares during the last quarter. Nippon Life Insurance Co. increased its holdings in Cognizant Technology Solutions by 2.5% in the 3rd quarter. Nippon Life Insurance Co. now owns 27,801 shares of the information technology service provider’s stock valued at $2,017,000 after acquiring an additional 680 shares during the last quarter. Robecosam AG increased its holdings in Cognizant Technology Solutions by 0.5% in the 4th quarter. Robecosam AG now owns 130,917 shares of the information technology service provider’s stock valued at $9,346,000 after acquiring an additional 686 shares during the last quarter. Finally, Intrust Bank NA increased its holdings in Cognizant Technology Solutions by 7.3% in the 3rd quarter. Intrust Bank NA now owns 10,805 shares of the information technology service provider’s stock valued at $784,000 after acquiring an additional 735 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

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About Cognizant Technology Solutions

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)

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