Cognizant Technology Solutions Corp (CTSH) VP Malcolm Frank Sells 3,190 Shares of Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) VP Malcolm Frank sold 3,190 shares of Cognizant Technology Solutions stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $70.48, for a total transaction of $224,831.20. Following the completion of the transaction, the vice president now owns 22,881 shares in the company, valued at approximately $1,612,652.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cognizant Technology Solutions stock traded down $1.16 during midday trading on Friday, reaching $68.24. The stock had a trading volume of 216,324 shares, compared to its average volume of 3,426,011. Cognizant Technology Solutions Corp has a twelve month low of $65.14 and a twelve month high of $85.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a market capitalization of $40.54 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.51 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Tuesday, October 30th. The information technology service provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. Cognizant Technology Solutions had a net margin of 9.07% and a return on equity of 22.54%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Monday, November 19th. Cognizant Technology Solutions’s dividend payout ratio is 22.66%.

Several research analysts have issued reports on CTSH shares. Morgan Stanley decreased their price target on shares of Cognizant Technology Solutions from $87.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Moffett Nathanson started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, October 4th. They issued a “neutral” rating and a $85.00 price target on the stock. Cowen lowered shares of Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $67.98 price target on the stock. in a research report on Sunday, December 2nd. BMO Capital Markets restated a “buy” rating and issued a $82.00 price target on shares of Cognizant Technology Solutions in a research report on Tuesday, October 30th. Finally, Bank of America lowered shares of Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $91.00 to $81.00 in a research report on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.34.

A number of institutional investors have recently bought and sold shares of CTSH. Willingdon Wealth Management acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $120,000. Fort L.P. acquired a new stake in shares of Cognizant Technology Solutions during the 2nd quarter valued at $123,000. Johnson Financial Group Inc. boosted its stake in shares of Cognizant Technology Solutions by 2,434.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,622 shares of the information technology service provider’s stock valued at $125,000 after buying an additional 1,558 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $134,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $146,000. 86.37% of the stock is owned by hedge funds and other institutional investors.

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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.

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