Cognizant Technology Solutions (NASDAQ:CTSH) CAO John Sunshin Kim Sells 2,500 Shares

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total value of $187,950.00. Following the completion of the transaction, the chief accounting officer owned 36,630 shares in the company, valued at approximately $2,753,843.40. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Cognizant Technology Solutions Stock Up 1.0%

CTSH opened at $72.88 on Monday. The company has a market cap of $35.59 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.47 and a beta of 0.95. The business’s 50-day moving average price is $69.02 and its 200-day moving average price is $73.70. The company has a current ratio of 2.36, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.30 by $0.09. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, November 18th. Cognizant Technology Solutions’s payout ratio is currently 28.77%.

Analyst Ratings Changes

CTSH has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Cognizant Technology Solutions in a report on Thursday. Finally, Evercore ISI started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set an “outperform” rating and a $100.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $85.19.

Institutional Trading of Cognizant Technology Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in CTSH. Norges Bank purchased a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth approximately $487,526,000. Goldman Sachs Group Inc. grew its stake in shares of Cognizant Technology Solutions by 117.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider’s stock worth $520,651,000 after buying an additional 3,677,145 shares during the last quarter. Amundi grew its stake in shares of Cognizant Technology Solutions by 61.6% in the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider’s stock worth $331,584,000 after buying an additional 1,723,335 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Cognizant Technology Solutions by 2,585.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,776,601 shares of the information technology service provider’s stock worth $135,910,000 after buying an additional 1,710,433 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Cognizant Technology Solutions by 152.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,708,349 shares of the information technology service provider’s stock valued at $211,332,000 after acquiring an additional 1,636,636 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.