Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Chandrasekaran Ramakrishnan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $73.00, for a total value of $1,825,000.00. Following the transaction, the insider now owns 286,923 shares in the company, valued at approximately $20,945,379. The sale was disclosed in a document filed with the SEC, which is available through this link.

Chandrasekaran Ramakrishnan also recently made the following trade(s):

  • On Monday, September 11th, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00.
  • On Friday, September 1st, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $71.00, for a total value of $1,775,000.00.
  • On Monday, August 28th, Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) opened at 71.82 on Friday. The company’s 50 day moving average price is $70.58 and its 200-day moving average price is $65.16. The firm has a market capitalization of $42.42 billion, a P/E ratio of 23.04 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 released its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.60 annualized dividend and a yield of 0.84%. Cognizant Technology Solutions Corporation’s payout ratio is currently 19.17%.

COPYRIGHT VIOLATION WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/16/chandrasekaran-ramakrishnan-sells-25000-shares-of-cognizant-technology-solutions-corporation-ctsh-stock.html.

Several research analysts recently commented on CTSH shares. Bank of America Corporation reissued a “buy” rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday. Robert W. Baird reissued a “buy” rating and issued a $80.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Sunday, September 10th. KeyCorp reissued a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, September 6th. Finally, Zacks Investment Research downgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.30.

Institutional investors have recently added to or reduced their stakes in the stock. Comgest Global Investors S.A.S. increased its stake in Cognizant Technology Solutions Corporation by 57.7% in the second quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock valued at $395,400,000 after purchasing an additional 2,178,800 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Cognizant Technology Solutions Corporation by 1.3% in the second quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock valued at $42,300,000 after purchasing an additional 8,245 shares during the last quarter. Private Advisor Group LLC increased its stake in Cognizant Technology Solutions Corporation by 173.9% in the first quarter. Private Advisor Group LLC now owns 30,271 shares of the information technology service provider’s stock valued at $1,219,000 after purchasing an additional 19,218 shares during the last quarter. First Financial Corp IN increased its stake in Cognizant Technology Solutions Corporation by 1.4% in the second quarter. First Financial Corp IN now owns 17,816 shares of the information technology service provider’s stock valued at $1,183,000 after purchasing an additional 240 shares during the last quarter. Finally, Davis R M Inc. increased its stake in Cognizant Technology Solutions Corporation by 2.2% in the first quarter. Davis R M Inc. now owns 271,020 shares of the information technology service provider’s stock valued at $16,131,000 after purchasing an additional 5,751 shares during the last quarter. Hedge funds and other institutional investors own 87.64% 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)

Receive News & Stock Ratings for Cognizant Technology Solutions Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corporation and related stocks with our FREE daily email newsletter.