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Cognizant Technology Solutions Corporation (CTSH) Insider Gajakarnan Vibushanan Kandiah Sells 4,999 Shares of Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $69.50, for a total transaction of $347,430.50. Following the completion of the sale, the insider now owns 10,515 shares of the company’s stock, valued at $730,792.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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Gajakarnan Vibushanan Kandiah also recently made the following trade(s):

Cognizant Technology Solutions Corporation (CTSH) traded up 0.03% on Friday, hitting $69.98. 2,889,434 shares of the stock were exchanged. The company has a market cap of $41.22 billion, a P/E ratio of 25.46 and a beta of 1.16. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $70.30. The company’s 50 day moving average price is $67.33 and its 200-day moving average price is $61.24.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings results on Friday, May 5th. The information technology service provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Cognizant Technology Solutions Corporation had a return on equity of 18.77% and a net margin of 12.07%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts predict that Cognizant Technology Solutions Corporation will post $3.67 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in CTSH. Moreno Evelyn V increased its position in shares of Cognizant Technology Solutions Corporation by 15.7% in the first quarter. Moreno Evelyn V now owns 136,275 shares of the information technology service provider’s stock valued at $8,111,000 after buying an additional 18,540 shares during the period. CENTRAL TRUST Co increased its position in shares of Cognizant Technology Solutions Corporation by 13.8% in the first quarter. CENTRAL TRUST Co now owns 6,368 shares of the information technology service provider’s stock valued at $379,000 after buying an additional 770 shares during the period. Pensionfund DSM Netherlands increased its position in shares of Cognizant Technology Solutions Corporation by 3.3% in the first quarter. Pensionfund DSM Netherlands now owns 62,400 shares of the information technology service provider’s stock valued at $3,714,000 after buying an additional 2,000 shares during the period. Private Advisor Group LLC increased its position in shares of Cognizant Technology Solutions Corporation by 173.9% in the first quarter. Private Advisor Group LLC now owns 30,271 shares of the information technology service provider’s stock valued at $1,219,000 after buying an additional 19,218 shares during the period. Finally, Regentatlantic Capital LLC increased its position in shares of Cognizant Technology Solutions Corporation by 7.9% in the first quarter. Regentatlantic Capital LLC now owns 11,718 shares of the information technology service provider’s stock valued at $697,000 after buying an additional 861 shares during the period. Institutional investors own 89.94% of the company’s stock.

A number of equities research analysts recently issued reports on CTSH shares. SunTrust Banks, Inc. upgraded shares of Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Thursday, April 13th. Morgan Stanley boosted their target price on shares of Cognizant Technology Solutions Corporation from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Needham & Company LLC boosted their target price on shares of Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, May 15th. Vetr upgraded shares of Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and set a $67.50 target price for the company in a report on Friday, April 14th. Finally, Robert W. Baird boosted their target price on shares of Cognizant Technology Solutions Corporation from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Cognizant Technology Solutions Corporation has an average rating of “Buy” and an average price target of $65.41.

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.