Cognizant Technology Solutions Corp (CTSH) Director Leo S. Jr. Mackay Sells 1,600 Shares of Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Director Leo S. Jr. Mackay sold 1,600 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $78.98, for a total transaction of $126,368.00. Following the completion of the sale, the director now directly owns 11,054 shares of the company’s stock, valued at approximately $873,044.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ CTSH opened at $79.20 on Wednesday. Cognizant Technology Solutions Corp has a 12 month low of $65.60 and a 12 month high of $85.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.64 and a current ratio of 3.64. The firm has a market cap of $46.88 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.53 and a beta of 1.05.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Monday, May 7th. The information technology service provider reported $1.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.06. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 20.48%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the firm posted $0.84 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. research analysts expect that Cognizant Technology Solutions Corp will post 4.16 EPS for the current fiscal year.



The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Tuesday, May 22nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, May 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 22.66%.

Several equities research analysts have recently issued reports on CTSH shares. BidaskClub lowered shares of Cognizant Technology Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. ValuEngine raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, May 1st. Credit Suisse Group set a $95.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Finally, Pivotal Research restated a “buy” rating and issued a $91.00 target price on shares of Cognizant Technology Solutions in a research note on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $86.09.

Hedge funds and other institutional investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp bought a new position in Cognizant Technology Solutions during the 1st quarter valued at $6,665,000. MetLife Investment Advisors LLC bought a new position in Cognizant Technology Solutions during the 4th quarter valued at $12,957,000. Millennium Management LLC boosted its stake in Cognizant Technology Solutions by 8.3% during the 1st quarter. Millennium Management LLC now owns 1,638,312 shares of the information technology service provider’s stock valued at $131,884,000 after acquiring an additional 126,235 shares during the last quarter. USA Financial Portformulas Corp raised its holdings in shares of Cognizant Technology Solutions by 26.6% during the fourth quarter. USA Financial Portformulas Corp now owns 56,615 shares of the information technology service provider’s stock worth $4,021,000 after purchasing an additional 11,898 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $5,082,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

About Cognizant Technology Solutions

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 business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

Insider Buying and Selling by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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