Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 4,710 shares of the stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $76.85, for a total transaction of $361,963.50. Following the transaction, the executive vice president now owns 5,555 shares in the company, valued at $426,901.75. The sale was disclosed in a filing with the SEC, which is available through this link.

James Patrick Lennox also recently made the following trade(s):

  • On Tuesday, March 13th, James Patrick Lennox sold 959 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $83.64, for a total transaction of $80,210.76.

Shares of Cognizant Technology Solutions stock traded up $0.53 on Thursday, reaching $78.55. 3,179,200 shares of the company were exchanged, compared to its average volume of 3,599,793. Cognizant Technology Solutions Corp has a 1-year low of $65.60 and a 1-year high of $85.10. The company has a market cap of $45.10 billion, a PE ratio of 22.25, a P/E/G ratio of 1.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.64 and a current ratio of 3.64.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Monday, May 7th. The information technology service provider reported $1.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.06. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.90 billion. Cognizant Technology Solutions had a return on equity of 20.48% and a net margin of 9.67%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. sell-side analysts predict that Cognizant Technology Solutions Corp will post 4.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Tuesday, May 22nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Monday, May 21st. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 22.66%.

A number of hedge funds and other institutional investors have recently modified their holdings of CTSH. Engineers Gate Manager LP lifted its stake in Cognizant Technology Solutions by 12.4% in the fourth quarter. Engineers Gate Manager LP now owns 11,337 shares of the information technology service provider’s stock valued at $805,000 after buying an additional 1,250 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Cognizant Technology Solutions by 3.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 110,643 shares of the information technology service provider’s stock valued at $7,858,000 after buying an additional 3,730 shares during the last quarter. American Century Companies Inc. purchased a new stake in Cognizant Technology Solutions in the fourth quarter valued at approximately $4,326,000. Calton & Associates Inc. purchased a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth approximately $504,000. Finally, Alps Advisors Inc. raised its stake in shares of Cognizant Technology Solutions by 12.2% during the fourth quarter. Alps Advisors Inc. now owns 19,458 shares of the information technology service provider’s stock worth $1,382,000 after purchasing an additional 2,120 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Several brokerages recently commented on CTSH. BidaskClub lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. ValuEngine lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. Zacks Investment Research raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, May 1st. Pivotal Research reaffirmed a “buy” rating and set a $91.00 price objective on shares of Cognizant Technology Solutions in a research note on Monday, May 7th. Finally, Morgan Stanley dropped their price objective on shares of Cognizant Technology Solutions to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $86.09.

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 business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

Insider Buying and Selling by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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