Srinivasan Veeraraghavachary Sells 2,500 Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) COO Srinivasan Veeraraghavachary sold 2,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $71.00, for a total value of $177,500.00. Following the completion of the sale, the chief operating officer now owns 27,165 shares in the company, valued at $1,928,715. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Srinivasan Veeraraghavachary also recently made the following trade(s):

  • On Tuesday, May 16th, Srinivasan Veeraraghavachary sold 3,069 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $65.00, for a total value of $199,485.00.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at 70.07 on Friday. The firm has a market capitalization of $41.38 billion, a price-to-earnings ratio of 22.48 and a beta of 1.17. Cognizant Technology Solutions Corporation has a 1-year low of $45.44 and a 1-year high of $72.07. The company has a 50-day moving average of $69.29 and a 200-day moving average of $63.21.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. On average, equities analysts predict that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is presently 19.17%.

COPYRIGHT VIOLATION WARNING: “Srinivasan Veeraraghavachary Sells 2,500 Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Stock” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/08/19/cognizant-technology-solutions-corporation-nasdaqctsh-coo-srinivasan-veeraraghavachary-sells-2500-shares-of-stock-updated.html.

A number of analysts have recently commented on CTSH shares. Vetr cut Cognizant Technology Solutions Corporation from a “strong-buy” rating to a “buy” rating and set a $67.50 target price on the stock. in a research report on Monday, May 1st. Needham & Company LLC raised their price target on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Deutsche Bank AG reissued a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. HSBC Holdings plc lowered Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the company from $65.00 to $68.00 in a report on Thursday, June 8th. Finally, Pacific Crest reissued an “overweight” rating and set a $75.00 price target (up previously from $73.00) on shares of Cognizant Technology Solutions Corporation in a research note on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.02.

Several institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its stake in shares of Cognizant Technology Solutions Corporation by 92.6% in the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after buying an additional 800 shares during the last quarter. WFG Advisors LP boosted its position in Cognizant Technology Solutions Corporation by 46.4% in the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after buying an additional 621 shares during the period. Krilogy Financial LLC bought a new position in Cognizant Technology Solutions Corporation during the second quarter worth approximately $137,000. Guardian Life Insurance Co. of America boosted its position in Cognizant Technology Solutions Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock worth $140,000 after buying an additional 27 shares during the period. Finally, Assetmark Inc. boosted its position in Cognizant Technology Solutions Corporation by 24.2% in the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock worth $154,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 88.68% of the company’s stock.

Cognizant Technology Solutions Corporation 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 Corporation (NASDAQ:CTSH)

What are top analysts saying about Cognizant Technology Solutions Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cognizant Technology Solutions Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit