Chandrasekaran Ramakrishnan Sells 25,000 Shares of Cognizant Technology Solutions Corp (CTSH) Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.44, for a total transaction of $1,886,000.00. Following the completion of the transaction, the insider now directly owns 271,300 shares of the company’s stock, valued at $20,466,872. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Cognizant Technology Solutions Corp (NASDAQ CTSH) traded up $1.11 during trading on Thursday, hitting $75.84. 4,169,500 shares of the stock traded hands, compared to its average volume of 3,551,554. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.29. The stock has a market cap of $45,240.00, a PE ratio of 23.48, a P/E/G ratio of 1.43 and a beta of 1.08. Cognizant Technology Solutions Corp has a 12-month low of $51.52 and a 12-month high of $76.51.

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 Thomson Reuters’ consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. equities research analysts forecast that Cognizant Technology Solutions Corp will post 3.35 EPS for the current year.

CTSH has been the subject of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Cowen reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, October 12th. Zacks Investment Research raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, October 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Cognizant Technology Solutions in a report on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Cognizant Technology Solutions currently has a consensus rating of “Buy” and an average price target of $81.98.

Several institutional investors have recently bought and sold shares of the company. Westover Capital Advisors LLC raised its position in shares of Cognizant Technology Solutions by 2.2% during the 2nd quarter. Westover Capital Advisors LLC now owns 3,885 shares of the information technology service provider’s stock valued at $258,000 after buying an additional 83 shares in the last quarter. Frontier Wealth Management LLC raised its position in shares of Cognizant Technology Solutions by 1.0% during the 2nd quarter. Frontier Wealth Management LLC now owns 10,099 shares of the information technology service provider’s stock valued at $671,000 after buying an additional 99 shares in the last quarter. Simonbaker & Partners LLC raised its position in shares of Cognizant Technology Solutions by 2.3% during the 2nd quarter. Simonbaker & Partners LLC now owns 4,853 shares of the information technology service provider’s stock valued at $322,000 after buying an additional 110 shares in the last quarter. Bank of Hawaii raised its position in shares of Cognizant Technology Solutions by 0.3% during the 2nd quarter. Bank of Hawaii now owns 34,486 shares of the information technology service provider’s stock valued at $2,290,000 after buying an additional 114 shares in the last quarter. Finally, Signet Financial Management LLC raised its position in shares of Cognizant Technology Solutions by 0.3% during the 2nd quarter. Signet Financial Management LLC now owns 70,042 shares of the information technology service provider’s stock valued at $4,650,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3144450/chandrasekaran-ramakrishnan-sells-25000-shares-of-cognizant-technology-solutions-corp-ctsh-stock.html.

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)

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.

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


© 2006-2018 Ticker Report. Google+.