Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sean Middleton sold 439 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $76.28, for a total value of $33,486.92. Following the sale, the insider now owns 5,135 shares in the company, valued at $391,697.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sean Middleton also recently made the following trade(s):

  • On Tuesday, July 10th, Sean Middleton sold 232 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $81.50, for a total value of $18,908.00.
  • On Friday, July 6th, Sean Middleton sold 36 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $79.94, for a total value of $2,877.84.

Shares of Cognizant Technology Solutions stock traded up $1.07 on Thursday, reaching $77.17. 2,343,700 shares of the company’s stock were exchanged, compared to its average volume of 3,473,860. The stock has a market capitalization of $44.61 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.41 and a beta of 0.94. Cognizant Technology Solutions Corp has a 52 week low of $69.69 and a 52 week high of $85.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.27 and a current ratio of 3.27.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.09. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Cognizant Technology Solutions had a return on equity of 21.66% and a net margin of 9.37%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. equities research analysts forecast that Cognizant Technology Solutions Corp will post 4.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Wednesday, August 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, August 21st. Cognizant Technology Solutions’s payout ratio is 22.66%.

Several institutional investors have recently bought and sold shares of the business. Federated Investors Inc. PA boosted its holdings in shares of Cognizant Technology Solutions by 2.4% during the 1st quarter. Federated Investors Inc. PA now owns 29,089 shares of the information technology service provider’s stock worth $2,341,000 after buying an additional 673 shares in the last quarter. Eads & Heald Wealth Management raised its position in shares of Cognizant Technology Solutions by 2.2% during the second quarter. Eads & Heald Wealth Management now owns 30,916 shares of the information technology service provider’s stock worth $2,442,000 after purchasing an additional 673 shares during the period. Green Square Capital LLC raised its position in shares of Cognizant Technology Solutions by 5.3% during the second quarter. Green Square Capital LLC now owns 13,430 shares of the information technology service provider’s stock worth $1,061,000 after purchasing an additional 674 shares during the period. GW Henssler & Associates Ltd. raised its position in shares of Cognizant Technology Solutions by 0.4% during the second quarter. GW Henssler & Associates Ltd. now owns 185,120 shares of the information technology service provider’s stock worth $14,623,000 after purchasing an additional 679 shares during the period. Finally, Norway Savings Bank raised its position in shares of Cognizant Technology Solutions by 6.9% during the second quarter. Norway Savings Bank now owns 10,601 shares of the information technology service provider’s stock worth $837,000 after purchasing an additional 685 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Several analysts recently commented on CTSH shares. Cowen reiterated a “buy” rating and issued a $87.00 target price on shares of Cognizant Technology Solutions in a report on Friday, August 3rd. Bank of America cut Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and reduced their target price for the company from $91.00 to $81.00 in a report on Tuesday, September 4th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, August 2nd. JPMorgan Chase & Co. cut Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and set a $66.00 target price on the stock. in a report on Tuesday, August 14th. Finally, Zacks Investment Research cut Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a report on Monday, July 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $85.18.

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 business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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