Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $71.26, for a total transaction of $139,242.04. Following the sale, the insider now owns 10,515 shares of the company’s stock, valued at approximately $749,298.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gajakarnan Vibushanan Kandiah also recently made the following trade(s):

  • On Wednesday, July 19th, Gajakarnan Vibushanan Kandiah sold 4,999 shares of Cognizant Technology Solutions Corporation stock. The stock was sold at an average price of $69.50, for a total transaction of $347,430.50.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 72.27 on Thursday. Cognizant Technology Solutions Corporation has a 12-month low of $45.44 and a 12-month high of $73.00. The stock’s 50 day moving average is $70.41 and its 200-day moving average is $64.97. The company has a market capitalization of $42.68 billion, a P/E ratio of 23.19 and a beta of 1.14.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. Cognizant Technology Solutions Corporation’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.87 earnings per share. Analysts anticipate that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 18th. This represents a $0.60 annualized dividend and a yield of 0.83%. Cognizant Technology Solutions Corporation’s payout ratio is 19.17%.

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Several equities research analysts have recently issued reports on the stock. Bank of America Corporation restated a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday. Robert W. Baird restated a “buy” rating and set a $80.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Sunday. KeyCorp restated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Cognizant Technology Solutions Corporation has a consensus rating of “Buy” and a consensus target price of $71.43.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its stake in Cognizant Technology Solutions Corporation by 92.6% during the second quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after acquiring an additional 800 shares in the last quarter. WFG Advisors LP grew its stake in Cognizant Technology Solutions Corporation by 46.4% during 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. Krilogy Financial LLC purchased a new position in Cognizant Technology Solutions Corporation during the second quarter valued at $137,000. Guardian Life Insurance Co. of America grew its stake in Cognizant Technology Solutions Corporation by 1.2% during the first quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock valued at $140,000 after acquiring an additional 27 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Cognizant Technology Solutions Corporation by 24.2% during the first quarter. Assetmark Inc. now owns 2,592 shares of the information technology service provider’s stock valued at $154,000 after acquiring an additional 505 shares in the last quarter. 87.64% of the stock is owned by institutional investors.

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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