Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 1,093 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $82.13, for a total value of $89,768.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
James Patrick Lennox also recently made the following trade(s):
- On Thursday, March 1st, James Patrick Lennox sold 4,614 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $81.40, for a total value of $375,579.60.
Shares of Cognizant Technology Solutions Corp (NASDAQ CTSH) traded down $0.16 on Wednesday, hitting $83.63. The company had a trading volume of 2,218,389 shares, compared to its average volume of 4,020,000. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.21. The stock has a market capitalization of $49,180.00, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.02. Cognizant Technology Solutions Corp has a 52-week low of $57.50 and a 52-week high of $84.99.
Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.15. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 EPS. sell-side analysts predict that Cognizant Technology Solutions Corp will post 4.21 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd were issued a $0.20 dividend. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, February 21st. Cognizant Technology Solutions’s dividend payout ratio is presently 22.47%.
A number of large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its holdings in Cognizant Technology Solutions by 23.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,469 shares of the information technology service provider’s stock valued at $1,312,000 after buying an additional 3,456 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Cognizant Technology Solutions by 6.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 107,429 shares of the information technology service provider’s stock worth $7,630,000 after purchasing an additional 6,386 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Cognizant Technology Solutions by 4.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 674,554 shares of the information technology service provider’s stock worth $47,907,000 after acquiring an additional 27,235 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd acquired a new position in Cognizant Technology Solutions during the 4th quarter worth about $17,942,000. Finally, J. Goldman & Co LP acquired a new position in Cognizant Technology Solutions during the 4th quarter worth about $13,833,000. Institutional investors own 88.77% of the company’s stock.
A number of brokerages have issued reports on CTSH. BidaskClub raised Cognizant Technology Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. ValuEngine raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Argus raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and boosted their price target for the company from $81.80 to $100.00 in a report on Thursday, February 22nd. Zacks Investment Research raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, February 13th. Finally, Credit Suisse Group set a $100.00 target price on Cognizant Technology Solutions and gave the stock a “buy” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $85.43.
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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.
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