Cognizant Technology Solutions Corp (NASDAQ:CTSH) CFO Karen Mcloughlin sold 7,905 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $64.28, for a total transaction of $508,133.40. Following the transaction, the chief financial officer now owns 65,906 shares in the company, valued at $4,236,437.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Karen Mcloughlin also recently made the following trade(s):
- On Monday, June 24th, Karen Mcloughlin sold 316 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $64.09, for a total transaction of $20,252.44.
- On Monday, June 10th, Karen Mcloughlin sold 1,500 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $62.85, for a total transaction of $94,275.00.
CTSH stock opened at $65.86 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.90 and a current ratio of 2.90. Cognizant Technology Solutions Corp has a 1 year low of $56.73 and a 1 year high of $83.30. The firm has a fifty day simple moving average of $63.10. The firm has a market cap of $37.49 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.65 and a beta of 1.01.
Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Thursday, May 2nd. The information technology service provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.12). Cognizant Technology Solutions had a net margin of 12.39% and a return on equity of 21.50%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that Cognizant Technology Solutions Corp will post 3.91 earnings per share for the current fiscal year.
Several equities analysts have recently commented on CTSH shares. Oppenheimer started coverage on shares of Allogene Therapeutics in a report on Friday, May 3rd. They set an “outperform” rating and a $45.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $200.00 price target (up from $140.00) on shares of Universal Display in a report on Friday, May 3rd. TheStreet cut shares of Viavi Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 3rd. BMO Capital Markets upgraded shares of Gold Fields from a “market perform” rating to an “outperform” rating in a report on Thursday, April 25th. Finally, ValuEngine cut shares of Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.80.
Several hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. lifted its position in Cognizant Technology Solutions by 15.0% during the 1st quarter. Lenox Wealth Management Inc. now owns 1,102 shares of the information technology service provider’s stock worth $80,000 after acquiring an additional 144 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in Cognizant Technology Solutions by 1.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 11,828 shares of the information technology service provider’s stock worth $751,000 after acquiring an additional 152 shares during the last quarter. Van ECK Associates Corp lifted its position in Cognizant Technology Solutions by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 8,038 shares of the information technology service provider’s stock worth $510,000 after acquiring an additional 155 shares during the last quarter. Kaizen Advisory LLC lifted its position in Cognizant Technology Solutions by 11.7% during the 4th quarter. Kaizen Advisory LLC now owns 1,596 shares of the information technology service provider’s stock worth $101,000 after acquiring an additional 167 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its position in Cognizant Technology Solutions by 1.0% during the 1st quarter. LS Investment Advisors LLC now owns 18,534 shares of the information technology service provider’s stock worth $1,343,000 after acquiring an additional 177 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.
Cognizant Technology Solutions Company Profile
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.
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