Venkat Krishnaswamy Sells 3,318 Shares of Cognizant Technology Solutions Corp (CTSH) Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Venkat Krishnaswamy sold 3,318 shares of Cognizant Technology Solutions stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $81.50, for a total value of $270,417.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Venkat Krishnaswamy also recently made the following trade(s):

  • On Monday, February 12th, Venkat Krishnaswamy sold 4,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $77.50, for a total value of $310,000.00.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded up $0.26 on Wednesday, reaching $81.80. The company’s stock had a trading volume of 4,606,431 shares, compared to its average volume of 4,085,573. Cognizant Technology Solutions Corp has a 52 week low of $57.00 and a 52 week high of $83.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.29. The stock has a market capitalization of $49,060.00, a price-to-earnings ratio of 22.91, a PEG ratio of 1.52 and a beta of 1.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. research analysts predict that Cognizant Technology Solutions Corp will post 4.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.20 per share. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.98%. Cognizant Technology Solutions’s payout ratio is presently 16.81%.

Several hedge funds have recently modified their holdings of CTSH. Harding Loevner LP grew its stake in shares of Cognizant Technology Solutions by 2,085,162.4% during the third quarter. Harding Loevner LP now owns 3,544,946 shares of the information technology service provider’s stock worth $142,254,000 after acquiring an additional 3,544,776 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Cognizant Technology Solutions by 296.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,422,593 shares of the information technology service provider’s stock worth $314,093,000 after acquiring an additional 3,307,799 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth about $217,524,000. APG Asset Management N.V. grew its stake in shares of Cognizant Technology Solutions by 241.2% during the fourth quarter. APG Asset Management N.V. now owns 3,580,820 shares of the information technology service provider’s stock worth $211,784,000 after acquiring an additional 2,531,494 shares during the last quarter. Finally, Genesis Asset Managers LLP grew its stake in shares of Cognizant Technology Solutions by 92.3% during the fourth quarter. Genesis Asset Managers LLP now owns 3,738,507 shares of the information technology service provider’s stock worth $265,509,000 after acquiring an additional 1,794,164 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Several research firms recently weighed in on CTSH. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Tuesday, February 13th. BidaskClub upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Credit Suisse Group set a $100.00 price objective on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Friday, February 9th. Loop Capital lifted their price objective on Cognizant Technology Solutions to $90.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Bank of America lifted their price objective on Cognizant Technology Solutions from $86.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $84.32.

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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)

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