Cognizant Technology Solutions Corp (CTSH) EVP Sells $80,210.76 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 959 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $83.64, for a total value of $80,210.76. Following the transaction, the executive vice president now directly owns 5,203 shares of the company’s stock, valued at $435,178.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

James Patrick Lennox also recently made the following trade(s):

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  • On Monday, March 5th, James Patrick Lennox sold 1,093 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $82.13, for a total value of $89,768.09.
  • On Thursday, March 1st, James Patrick Lennox sold 4,614 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $81.40, for a total value of $375,579.60.

Shares of Cognizant Technology Solutions stock opened at $79.07 on Friday. Cognizant Technology Solutions Corp has a 12 month low of $57.50 and a 12 month high of $85.10. The stock has a market cap of $46,497.20, a P/E ratio of 22.27, a PEG ratio of 1.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.21.

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

Several research firms recently commented on CTSH. Sanford C. Bernstein began coverage on Cognizant Technology Solutions in a research note on Wednesday, March 28th. They issued a “market perform” rating and a $57.50 price objective for the company. BidaskClub raised Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. ValuEngine raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Argus raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and increased their price objective for the company from $81.80 to $100.00 in a research note on Thursday, February 22nd. Finally, Zacks Investment Research raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $84.22.

A number of institutional investors have recently made changes to their positions in CTSH. Nationwide Fund Advisors boosted its holdings in Cognizant Technology Solutions by 38.6% during the 3rd quarter. Nationwide Fund Advisors now owns 362,497 shares of the information technology service provider’s stock valued at $26,296,000 after acquiring an additional 100,902 shares during the period. Retirement Systems of Alabama raised its position in Cognizant Technology Solutions by 0.3% in the 3rd quarter. Retirement Systems of Alabama now owns 286,543 shares of the information technology service provider’s stock valued at $20,786,000 after purchasing an additional 964 shares in the last quarter. New York State Common Retirement Fund raised its position in Cognizant Technology Solutions by 1.0% in the 3rd quarter. New York State Common Retirement Fund now owns 1,782,294 shares of the information technology service provider’s stock valued at $129,288,000 after purchasing an additional 18,130 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Cognizant Technology Solutions by 855.0% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 153,713 shares of the information technology service provider’s stock valued at $11,150,000 after purchasing an additional 137,618 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Cognizant Technology Solutions by 6.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 250,892 shares of the information technology service provider’s stock valued at $18,190,000 after purchasing an additional 14,441 shares in the last quarter. Institutional investors own 88.74% 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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