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

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Gajakarnan Vibushanan Kandiah sold 1,954 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $71.26, for a total value of $139,242.04. Following the completion of the sale, the insider now directly owns 10,515 shares in the company, valued at approximately $749,298.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 value of $347,430.50.

Shares of Cognizant Technology Solutions Corporation (CTSH) opened at 72.84 on Wednesday. The stock has a market capitalization of $43.02 billion, a PE ratio of 23.37 and a beta of 1.14. Cognizant Technology Solutions Corporation has a 12 month low of $45.44 and a 12 month high of $73.00. The company’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 earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that Cognizant Technology Solutions Corporation will post $3.70 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. Cognizant Technology Solutions Corporation’s dividend payout ratio is currently 19.17%.

WARNING: This piece was originally reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2888580/cognizant-technology-solutions-corporation-ctsh-insider-gajakarnan-vibushanan-kandiah-sells-1954-shares.html.

A number of research firms recently issued reports on CTSH. Bank of America Corporation reaffirmed a “buy” rating and issued a $86.00 target price on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday. BMO Capital Markets reaffirmed a “buy” rating and issued a $76.00 target price (up previously from $69.00) on shares of Cognizant Technology Solutions Corporation in a research note on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Cognizant Technology Solutions Corporation in a research note on Wednesday, August 9th. Zacks Investment Research lowered Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Loop Capital raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $83.00 in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $71.43.

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its holdings in shares of Cognizant Technology Solutions Corporation by 0.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,633 shares of the information technology service provider’s stock valued at $241,000 after purchasing an additional 11 shares in the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Cognizant Technology Solutions Corporation by 1.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,351 shares of the information technology service provider’s stock valued at $140,000 after purchasing an additional 27 shares in the last quarter. First Capital Advisors Group LLC. raised its holdings in shares of Cognizant Technology Solutions Corporation by 0.9% during the 2nd quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock valued at $244,000 after purchasing an additional 32 shares in the last quarter. Comerica Securities Inc. raised its holdings in shares of Cognizant Technology Solutions Corporation by 0.4% during the 2nd quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock valued at $519,000 after purchasing an additional 32 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Cognizant Technology Solutions Corporation by 0.5% during the 2nd quarter. CENTRAL TRUST Co now owns 6,403 shares of the information technology service provider’s stock valued at $425,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

About Cognizant Technology Solutions Corporation

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)

Receive News & Ratings for Cognizant Technology Solutions Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.