Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Malcolm Frank sold 448 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $69.16, for a total transaction of $30,983.68. Following the completion of the transaction, the insider now directly owns 37,975 shares of the company’s stock, valued at approximately $2,626,351. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Malcolm Frank also recently made the following trade(s):
- On Wednesday, September 2nd, Malcolm Frank sold 1,489 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $68.37, for a total value of $101,802.93.
Shares of Cognizant Technology Solutions stock opened at $68.86 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $67.46 and its 200-day moving average price is $57.54. The firm has a market cap of $37.34 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.77 and a beta of 1.20. Cognizant Technology Solutions Corp has a 12 month low of $40.01 and a 12 month high of $71.81.
Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 29th. The information technology service provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 19.87%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the business earned $0.94 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts forecast that Cognizant Technology Solutions Corp will post 3.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, August 20th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 22.06%.
Institutional investors have recently bought and sold shares of the business. Kore Private Wealth LLC boosted its position in Cognizant Technology Solutions by 144.8% during the 2nd quarter. Kore Private Wealth LLC now owns 475 shares of the information technology service provider’s stock valued at $26,000 after acquiring an additional 281 shares in the last quarter. Ovata Capital Management Ltd purchased a new stake in shares of Cognizant Technology Solutions during the 2nd quarter worth $36,000. tru Independence LLC boosted its position in Cognizant Technology Solutions by 266.7% during the second quarter. tru Independence LLC now owns 825 shares of the information technology service provider’s stock valued at $47,000 after purchasing an additional 600 shares in the last quarter. Smithfield Trust Co. grew its stake in Cognizant Technology Solutions by 96.3% in the second quarter. Smithfield Trust Co. now owns 1,162 shares of the information technology service provider’s stock valued at $66,000 after purchasing an additional 570 shares during the last quarter. Finally, Pathstone Family Office LLC raised its holdings in Cognizant Technology Solutions by 246.9% in the first quarter. Pathstone Family Office LLC now owns 1,561 shares of the information technology service provider’s stock worth $73,000 after purchasing an additional 1,111 shares in the last quarter. Institutional investors own 89.68% of the company’s stock.
Several equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Cognizant Technology Solutions from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Royal Bank of Canada boosted their price objective on shares of Cognizant Technology Solutions from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. BofA Securities upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $67.00 to $76.00 in a report on Friday, September 11th. BidaskClub upgraded shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a report on Thursday, September 10th. Finally, Citigroup increased their price objective on shares of Cognizant Technology Solutions from $66.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $68.27.
About Cognizant Technology Solutions
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.
Featured Story: How is a Moving Average Calculated?
Receive News & Ratings for Cognizant Technology Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cognizant Technology Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.
