Cognizant Technology Solutions Corp (NASDAQ:CTSH) CFO Sells $98,873.16 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) CFO Karen Mcloughlin sold 1,523 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $64.92, for a total value of $98,873.16. Following the sale, the chief financial officer now directly owns 66,043 shares of the company’s stock, valued at $4,287,511.56. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Karen Mcloughlin also recently made the following trade(s):

  • On Friday, September 6th, Karen Mcloughlin sold 1,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $64.27, for a total value of $64,270.00.
  • On Tuesday, July 9th, Karen Mcloughlin sold 7,905 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $64.28, for a total value of $508,133.40.
  • On Monday, June 24th, Karen Mcloughlin sold 316 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $64.09, for a total value of $20,252.44.

CTSH traded down $0.51 during mid-day trading on Friday, reaching $64.33. The stock had a trading volume of 2,103,403 shares, compared to its average volume of 4,365,928. The stock has a market capitalization of $35.76 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.55 and a current ratio of 2.55. The firm’s fifty day simple moving average is $62.74 and its two-hundred day simple moving average is $65.94. Cognizant Technology Solutions Corp has a 52 week low of $56.73 and a 52 week high of $77.87.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, July 31st. The information technology service provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.13 billion. Cognizant Technology Solutions had a return on equity of 20.52% and a net margin of 12.61%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. As a group, analysts expect that Cognizant Technology Solutions Corp will post 3.96 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were given a $0.20 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. Cognizant Technology Solutions’s payout ratio is 19.90%.

A number of institutional investors and hedge funds have recently made changes to their positions in CTSH. Field & Main Bank boosted its position in shares of Cognizant Technology Solutions by 350.0% in the 2nd quarter. Field & Main Bank now owns 450 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 350 shares during the last quarter. Resources Investment Advisors Inc. boosted its position in shares of Cognizant Technology Solutions by 125.6% in the 1st quarter. Resources Investment Advisors Inc. now owns 503 shares of the information technology service provider’s stock worth $36,000 after purchasing an additional 280 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Cognizant Technology Solutions in the 1st quarter worth $37,000. Nelson Roberts Investment Advisors LLC boosted its position in shares of Cognizant Technology Solutions by 7,175.0% in the 1st quarter. Nelson Roberts Investment Advisors LLC now owns 582 shares of the information technology service provider’s stock worth $42,000 after purchasing an additional 574 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of Cognizant Technology Solutions by 51.3% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 584 shares of the information technology service provider’s stock worth $42,000 after purchasing an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

A number of research firms recently weighed in on CTSH. TheStreet raised Cognizant Technology Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, July 23rd. Robert W. Baird set a $76.00 price target on Cognizant Technology Solutions and gave the company a “buy” rating in a report on Friday, September 6th. Zacks Investment Research cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a report on Thursday, September 5th. UBS Group cut Cognizant Technology Solutions from a “neutral” rating to a “sell” rating and dropped their price target for the company from $62.00 to $60.00 in a report on Friday, August 2nd. Finally, HSBC cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating and dropped their price target for the company from $72.00 to $70.00 in a report on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.45.

About Cognizant Technology Solutions

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.

Further Reading: Overbought

Insider Buying and Selling by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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