Cognizant Technology Solutions (NASDAQ:CTSH) Director Sells $255,450.00 in Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Director Michael Patsalos-Fox sold 3,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $85.15, for a total value of $255,450.00. Following the completion of the sale, the director owned 41,729 shares of the company’s stock, valued at $3,553,224.35. This represents a 6.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Patsalos-Fox also recently made the following trade(s):

• On Wednesday, December 24th, Michael Patsalos-Fox sold 4,000 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $85.30, for a total transaction of $341,200.00.
• On Thursday, December 11th, Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $83.52, for a total transaction of $584,640.00.

Cognizant Technology Solutions Stock Up 0.0%

CTSH stock opened at $85.58 on Monday. The stock has a market capitalization of $41.31 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.75 and a beta of 0.97. The business has a 50-day moving average of $76.54 and a 200-day moving average of $73.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. Cognizant Technology Solutions Corporation has a fifty-two week low of $65.15 and a fifty-two week high of $90.82.

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

Cognizant Technology Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were paid a $0.31 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.4%. Cognizant Technology Solutions’s payout ratio is 28.77%.

Wall Street Analysts Forecast Growth

CTSH has been the subject of several analyst reports. Citigroup initiated coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 23rd. They set a “neutral” rating and a $75.00 price target for the company. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Royal Bank Of Canada cut their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Finally, William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $85.44.

Institutional Trading of Cognizant Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of CTSH. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $25,000. Hilltop National Bank purchased a new position in Cognizant Technology Solutions in the 2nd quarter worth about $27,000. NewSquare Capital LLC lifted its stake in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares during the period. High Note Wealth LLC grew its stake in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after acquiring an additional 449 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of Cognizant Technology Solutions during the third quarter valued at approximately $34,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.