Gajakarnan Vibushanan Kandiah Sells 1,954 Shares of Cognizant Technology Solutions Corporation (CTSH) Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $71.26, for a total transaction of $139,242.04. Following the sale, the insider now owns 10,515 shares of the company’s stock, valued at $749,298.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gajakarnan Vibushanan Kandiah also recently made the following trade(s):

  • On Wednesday, July 19th, Gajakarnan Vibushanan Kandiah sold 4,999 shares of Cognizant Technology Solutions Corporation stock. The shares were sold at an average price of $69.50, for a total transaction of $347,430.50.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded up 0.91% during mid-day trading on Tuesday, hitting $72.84. 2,854,475 shares of the stock were exchanged. Cognizant Technology Solutions Corporation has a 52 week low of $45.44 and a 52 week high of $73.00. The stock has a market capitalization of $43.02 billion, a price-to-earnings ratio of 23.37 and a beta of 1.14. The stock’s 50-day moving average is $70.32 and its 200-day moving average is $64.87.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business earned $0.87 earnings per share. Cognizant Technology Solutions Corporation’s revenue was up 8.9% compared to the same quarter last year. Analysts forecast that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.60 annualized dividend and a yield of 0.82%. Cognizant Technology Solutions Corporation’s payout ratio is presently 19.17%.

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Institutional investors have recently made changes to their positions in the business. Comgest Global Investors S.A.S. lifted its position in Cognizant Technology Solutions Corporation by 57.7% during 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 lifted its position in Cognizant Technology Solutions Corporation by 1.3% during 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 lifted its position in Cognizant Technology Solutions Corporation by 173.9% during 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 lifted its position in Cognizant Technology Solutions Corporation by 1.4% during 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. lifted its position in Cognizant Technology Solutions Corporation by 2.2% during 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. Institutional investors and hedge funds own 87.64% of the company’s stock.

CTSH has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, May 15th. Cantor Fitzgerald restated a “buy” rating and set a $67.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Monday, May 15th. Deutsche Bank AG restated a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a report on Wednesday, May 31st. Pacific Crest restated an “overweight” rating and set a $75.00 price target (up from $73.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 1st. Finally, Societe Generale cut shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $68.00 to $74.00 in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $71.43.

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)

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