News articles about Cognizant Technology Solutions (NASDAQ:CTSH) have trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a media sentiment score of 0.67 on their scale. InfoTrie also assigned news articles about the information technology service provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Cognizant Technology Solutions’ ranking:

CTSH stock traded up $0.06 during midday trading on Tuesday, hitting $69.61. The company’s stock had a trading volume of 2,724,608 shares, compared to its average volume of 3,491,320. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.06. Cognizant Technology Solutions has a twelve month low of $65.14 and a twelve month high of $85.10. The firm has a market capitalization of $40.73 billion, a P/E ratio of 19.72, a PEG ratio of 1.30 and a beta of 0.96.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Tuesday, October 30th. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. Cognizant Technology Solutions had a net margin of 9.07% and a return on equity of 22.54%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $0.98 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Cognizant Technology Solutions will post 4.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be paid a $0.20 dividend. The ex-dividend date is Monday, November 19th. This represents a $0.80 annualized dividend and a yield of 1.15%. Cognizant Technology Solutions’s payout ratio is currently 22.66%.

A number of brokerages have recently weighed in on CTSH. BidaskClub cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Wolfe Research assumed coverage on shares of Cognizant Technology Solutions in a research report on Tuesday, July 17th. They issued a “market perform” rating on the stock. Bank of America cut shares of Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and cut their price objective for the company from $91.00 to $81.00 in a research report on Tuesday, September 4th. HSBC raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Finally, KeyCorp cut their price objective on shares of Cognizant Technology Solutions from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $84.42.

In other news, General Counsel Matthew W. Friedrich sold 2,881 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $75.17, for a total transaction of $216,564.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Allen Shaheen sold 352 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $74.89, for a total transaction of $26,361.28. The disclosure for this sale can be found here. Insiders sold a total of 8,063 shares of company stock worth $611,427 over the last quarter. Company insiders own 0.60% of the company’s stock.

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Cognizant Technology Solutions Company Profile

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

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