Cognizant Technology Solutions Corporation (NASDAQ:CTSH) EVP James Patrick Lennox sold 1,725 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $71.57, for a total value of $123,458.25. Following the completion of the sale, the executive vice president now directly owns 8,407 shares of the company’s stock, valued at $601,688.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

James Patrick Lennox also recently made the following trade(s):

  • On Monday, August 7th, James Patrick Lennox sold 7,315 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $69.69, for a total value of $509,782.35.

Cognizant Technology Solutions Corporation (CTSH) opened at 72.84 on Wednesday. The firm’s 50-day moving average price is $70.32 and its 200 day moving average price is $64.87. The stock has a market capitalization of $43.02 billion, a P/E ratio of 23.37 and a beta of 1.14. Cognizant Technology Solutions Corporation has a 12-month low of $45.44 and a 12-month high of $73.00.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, August 18th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is presently 19.17%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. acquired a new position in Cognizant Technology Solutions Corporation in the second quarter valued at $250,000. Gs Investments Inc. acquired a new position in Cognizant Technology Solutions Corporation in the second quarter valued at $2,337,000. Lord Abbett & CO. LLC acquired a new position in Cognizant Technology Solutions Corporation in the second quarter valued at $2,390,000. WFG Advisors LP boosted its stake 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 valued at $130,000 after acquiring an additional 621 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Cognizant Technology Solutions Corporation by 21.0% in the second quarter. Toronto Dominion Bank now owns 204,966 shares of the information technology service provider’s stock valued at $13,608,000 after acquiring an additional 35,518 shares in the last quarter. Institutional investors own 87.64% of the company’s stock.

Several equities research analysts have recently issued reports on CTSH shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, May 31st. Berenberg Bank raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $85.00 in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $76.00 price objective (up from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. Credit Suisse Group set a $80.00 price objective on Cognizant Technology Solutions Corporation and gave the company a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Finally, Loop Capital raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $63.00 to $83.00 in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.43.

About Cognizant Technology Solutions Corporation

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)

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