Insider Selling: Cognizant Technology Solutions Corp (CTSH) Insider Sells $91,198.08 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sean Middleton sold 1,278 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $71.36, for a total value of $91,198.08. Following the completion of the sale, the insider now owns 3,366 shares of the company’s stock, valued at approximately $240,197.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, October 11th, Sean Middleton sold 32 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $73.89, for a total value of $2,364.48.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded down $0.26 during mid-day trading on Thursday, reaching $71.19. The company had a trading volume of 3,128,900 shares, compared to its average volume of 3,976,656. Cognizant Technology Solutions Corp has a one year low of $51.52 and a one year high of $76.51. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market cap of $42,130.14, a price-to-earnings ratio of 21.33, a PEG ratio of 1.61 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts predict that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 18.52%.

CTSH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, October 10th. Robert W. Baird raised their target price on Cognizant Technology Solutions from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 19th. Bank of America restated a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions in a research note on Tuesday, September 12th. SunTrust Banks restated a “buy” rating and issued a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $79.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, September 8th. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $81.91.

A number of hedge funds have recently bought and sold shares of CTSH. Comerica Securities Inc. increased its holdings in shares of Cognizant Technology Solutions by 0.4% in the 2nd quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after purchasing an additional 32 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Cognizant Technology Solutions by 1.0% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,717 shares of the information technology service provider’s stock worth $380,000 after purchasing an additional 57 shares in the last quarter. Westover Capital Advisors LLC increased its holdings in shares of Cognizant Technology Solutions by 2.2% in the 2nd quarter. Westover Capital Advisors LLC now owns 3,885 shares of the information technology service provider’s stock worth $258,000 after purchasing an additional 83 shares in the last quarter. Frontier Wealth Management LLC increased its holdings in shares of Cognizant Technology Solutions by 1.0% in the 2nd quarter. Frontier Wealth Management LLC now owns 10,099 shares of the information technology service provider’s stock worth $671,000 after purchasing an additional 99 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Cognizant Technology Solutions by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 32,694 shares of the information technology service provider’s stock worth $2,171,000 after purchasing an additional 106 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

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About Cognizant Technology Solutions

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 (NASDAQ:CTSH)

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