Investors Buy Large Volume of Cognizant Technology Solutions Call Options (CTSH)

Cognizant Technology Solutions Corp (NASDAQ:CTSH) was the target of unusually large options trading activity on Monday. Stock traders bought 12,008 call options on the stock. This represents an increase of 1,480% compared to the typical daily volume of 760 call options.

In related news, CEO Francisco Dsouza sold 482,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total value of $34,723,280.00. Following the completion of the transaction, the chief executive officer now owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Debashis Chatterjee sold 2,190 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $74.00, for a total transaction of $162,060.00. The disclosure for this sale can be found here. Insiders sold a total of 569,476 shares of company stock worth $41,071,682 over the last quarter. Insiders own 1.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CTSH. Acrospire Investment Management LLC lifted its stake in Cognizant Technology Solutions by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after acquiring an additional 800 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in Cognizant Technology Solutions in the 3rd quarter worth about $121,000. WFG Advisors LP lifted its stake in Cognizant Technology Solutions by 46.4% in the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after acquiring an additional 621 shares in the last quarter. Krilogy Financial LLC purchased a new stake in Cognizant Technology Solutions in the 2nd quarter worth about $137,000. Finally, BB&T Investment Services Inc. lifted its stake in Cognizant Technology Solutions by 86.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock worth $141,000 after acquiring an additional 1,011 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors.

Shares of Cognizant Technology Solutions (NASDAQ:CTSH) opened at $71.20 on Thursday. Cognizant Technology Solutions has a 52-week low of $51.52 and a 52-week high of $76.51. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $41,980.00, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. equities analysts anticipate that Cognizant Technology Solutions will post 3.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 18.58%.

A number of analysts have recently issued reports on the company. SunTrust Banks reiterated a “buy” rating and set a $85.00 target price on shares of Cognizant Technology Solutions in a report on Friday, November 3rd. Credit Suisse Group restated an “outperform” rating and issued a $89.00 price target (up previously from $80.00) on shares of Cognizant Technology Solutions in a report on Thursday, November 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions in a research note on Wednesday, September 6th. Citigroup increased their target price on Cognizant Technology Solutions from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $80.00 target price on shares of Cognizant Technology Solutions in a research note on Sunday, September 10th. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Cognizant Technology Solutions presently has a consensus rating of “Buy” and an average price target of $81.91.

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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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