Cognizant Technology Solutions Corp (CTSH) EVP Sells $58,422.09 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 743 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $78.63, for a total transaction of $58,422.09. Following the sale, the executive vice president now directly owns 5,555 shares of the company’s stock, valued at approximately $436,789.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, June 5th, James Patrick Lennox sold 4,710 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $76.85, for a total transaction of $361,963.50.

Shares of NASDAQ:CTSH opened at $80.70 on Monday. The company has a market capitalization of $47.28 billion, a PE ratio of 22.86, a P/E/G ratio of 1.54 and a beta of 1.05. Cognizant Technology Solutions Corp has a twelve month low of $65.60 and a twelve month high of $85.10. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.06.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Monday, May 7th. The information technology service provider reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.90 billion. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 20.48%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. equities analysts forecast that Cognizant Technology Solutions Corp will post 4.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 22nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Monday, May 21st. Cognizant Technology Solutions’s dividend payout ratio is currently 22.66%.

A number of brokerages recently weighed in on CTSH. Morgan Stanley lowered their price objective on shares of Cognizant Technology Solutions to $88.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 8th. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “sell” rating in a research report on Wednesday, May 9th. BidaskClub raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Pivotal Research reaffirmed a “buy” rating and set a $91.00 price objective on shares of Cognizant Technology Solutions in a research report on Monday, May 7th. Finally, Sanford C. Bernstein initiated coverage on shares of Cognizant Technology Solutions in a research report on Wednesday, March 28th. They set a “market perform” rating and a $57.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $86.09.

Several large investors have recently modified their holdings of the company. Linscomb & Williams Inc. lifted its stake in shares of Cognizant Technology Solutions by 16.6% in the 1st quarter. Linscomb & Williams Inc. now owns 4,668 shares of the information technology service provider’s stock worth $376,000 after acquiring an additional 664 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Cognizant Technology Solutions by 2.4% in the 1st quarter. Federated Investors Inc. PA now owns 29,089 shares of the information technology service provider’s stock worth $2,341,000 after acquiring an additional 673 shares during the period. Robecosam AG lifted its stake in shares of 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 worth $9,346,000 after acquiring an additional 686 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Cognizant Technology Solutions by 1.3% in the 1st quarter. D.A. Davidson & CO. now owns 55,162 shares of the information technology service provider’s stock worth $4,441,000 after acquiring an additional 702 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Cognizant Technology Solutions by 4.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,607 shares of the information technology service provider’s stock worth $1,334,000 after acquiring an additional 772 shares during the period. 87.94% of the stock is owned by institutional investors.

About Cognizant Technology Solutions

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.

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