Cognizant Technology Solutions Corp (CTSH) CFO Karen Mcloughlin Sells 1,791 Shares

Cognizant Technology Solutions Corp (NASDAQ:CTSH) CFO Karen Mcloughlin sold 1,791 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $83.76, for a total transaction of $150,014.16. Following the transaction, the chief financial officer now directly owns 42,718 shares of the company’s stock, valued at $3,578,059.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Karen Mcloughlin also recently made the following trade(s):

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  • On Tuesday, January 16th, Karen Mcloughlin sold 12,500 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $75.37, for a total transaction of $942,125.00.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $83.81 on Tuesday. Cognizant Technology Solutions Corp has a twelve month low of $57.50 and a twelve month high of $85.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.21. The company has a market cap of $49,749.12, a PE ratio of 33.13, a PEG ratio of 1.59 and a beta of 1.02.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. sell-side analysts expect that Cognizant Technology Solutions Corp will post 4.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.95%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s payout ratio is currently 31.62%.

A number of equities analysts recently commented on the stock. Vetr raised shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price target for the company in a research note on Wednesday, November 29th. Loop Capital lifted their price target on shares of Cognizant Technology Solutions to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. BidaskClub raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Argus raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and lifted their price target for the stock from $81.80 to $100.00 in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. Cognizant Technology Solutions has a consensus rating of “Buy” and a consensus target price of $85.43.

Several large investors have recently bought and sold shares of CTSH. Shine Investment Advisory Services Inc. raised its holdings in shares of Cognizant Technology Solutions by 108.8% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,512 shares of the information technology service provider’s stock valued at $107,000 after purchasing an additional 788 shares in the last quarter. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $107,000. Clearbridge Investments LLC raised its holdings in shares of Cognizant Technology Solutions by 101.2% in the 4th quarter. Clearbridge Investments LLC now owns 1,616 shares of the information technology service provider’s stock valued at $115,000 after purchasing an additional 813 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter valued at about $121,000. Finally, Cerebellum GP LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter valued at about $128,000. Institutional investors and hedge funds own 88.72% of the company’s stock.

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Cognizant Technology Solutions 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 (NASDAQ:CTSH)

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