Cognizant Technology Solutions Corp (NASDAQ:CTSH) SVP Robert Telesmanic sold 2,484 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $65.00, for a total transaction of $161,460.00. Following the transaction, the senior vice president now owns 7,337 shares in the company, valued at $476,905. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Robert Telesmanic also recently made the following trade(s):
- On Monday, May 20th, Robert Telesmanic sold 3,343 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $60.00, for a total transaction of $200,580.00.
CTSH stock opened at $65.24 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.90 and a quick ratio of 2.90. Cognizant Technology Solutions Corp has a 52-week low of $56.73 and a 52-week high of $83.30. The company’s 50-day moving average price is $63.47. The company has a market capitalization of $37.54 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01.
Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Thursday, May 2nd. The information technology service provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.12). Cognizant Technology Solutions had a net margin of 12.39% and a return on equity of 21.50%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Cognizant Technology Solutions Corp will post 3.91 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Cognizant Technology Solutions by 4.7% during the first quarter. BlackRock Inc. now owns 47,153,467 shares of the information technology service provider’s stock valued at $3,416,269,000 after acquiring an additional 2,129,464 shares during the period. FMR LLC boosted its holdings in Cognizant Technology Solutions by 21.9% during the first quarter. FMR LLC now owns 15,767,608 shares of the information technology service provider’s stock valued at $1,142,362,000 after acquiring an additional 2,827,833 shares during the period. Nordea Investment Management AB boosted its holdings in Cognizant Technology Solutions by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 10,187,078 shares of the information technology service provider’s stock valued at $646,676,000 after acquiring an additional 1,324,213 shares during the period. Northern Trust Corp boosted its holdings in Cognizant Technology Solutions by 3.4% during the first quarter. Northern Trust Corp now owns 7,655,802 shares of the information technology service provider’s stock valued at $554,663,000 after acquiring an additional 252,685 shares during the period. Finally, Pzena Investment Management LLC boosted its holdings in Cognizant Technology Solutions by 0.4% during the first quarter. Pzena Investment Management LLC now owns 7,636,219 shares of the information technology service provider’s stock valued at $553,244,000 after acquiring an additional 29,090 shares during the period. Institutional investors own 89.31% of the company’s stock.
Several research firms have recently commented on CTSH. Argus started coverage on shares of Pinterest in a report on Friday, May 10th. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Daiwa Capital Markets cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. William Blair reiterated an “outperform” rating on shares of Activision Blizzard in a report on Friday, May 3rd. Finally, Wedbush reiterated an “outperform” rating on shares of Idera Pharmaceuticals in a report on Friday, May 3rd. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $74.80.
Cognizant Technology Solutions Company Profile
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 analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.
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