Cognizant Technology Solutions Corp (NASDAQ:CTSH) President Rajeev Mehta sold 42,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $76.00, for a total value of $3,230,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cognizant Technology Solutions Corp (CTSH) traded up $0.54 during mid-day trading on Friday, hitting $77.29. The company had a trading volume of 3,180,000 shares, compared to its average volume of 3,770,000. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $45,570.00, a P/E ratio of 23.93, a P/E/G ratio of 1.45 and a beta of 1.08. Cognizant Technology Solutions Corp has a 12-month low of $51.52 and a 12-month high of $77.38.
Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts predict that Cognizant Technology Solutions Corp will post 3.35 EPS for the current year.
Several analysts have recently weighed in on CTSH shares. Royal Bank of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Cognizant Technology Solutions in a research report on Sunday, October 8th. Zacks Investment Research upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, October 10th. Jefferies Group reiterated a “buy” rating and set a $81.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Cowen reiterated a “buy” rating and set a $80.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Finally, KeyCorp reiterated a “buy” rating and set a $79.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $81.98.
COPYRIGHT VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3146500/cognizant-technology-solutions-corp-ctsh-president-sells-3230000-00-in-stock.html.
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.
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.