Key Points
- CEO Ravi Kumar Singisetti sold 3,125 shares on December 4 at an average price of $80.01 for a total of $250,031.25, trimming his stake by 3.98% to 75,454 shares (valued at about $6.04 million) — the sale was disclosed in an SEC filing.
- Cognizant beat expectations on its most recent quarter with $1.39 EPS versus $1.30 estimated and $5.42 billion in revenue (up 7.5% YoY), and it set FY2025 EPS guidance of $5.22–$5.26.
- The company has a market cap of about $38.95 billion and a P/E of 18.73, pays a quarterly dividend of $0.31 (annualized $1.24, ~1.5% yield), and carries a consensus analyst rating of "Hold" with an average price target of $85.44.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the transaction, the chief accounting officer owned 36,149 shares in the company, valued at $2,891,920. The trade was a 6.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
John Sunshin Kim also recently made the following trade(s):
- On Wednesday, October 29th, John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $75.18, for a total value of $187,950.00.
Cognizant Technology Solutions Stock Performance
NASDAQ CTSH opened at $80.71 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The firm has a market capitalization of $38.95 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.65 and a beta of 0.97. The business's 50-day simple moving average is $71.73 and its 200-day simple moving average is $73.49.
Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.09. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.
Cognizant Technology Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 28.77%.
Analyst Upgrades and Downgrades
CTSH has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, October 30th. Royal Bank Of Canada reduced their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cognizant Technology Solutions in a research note on Monday, December 1st. Wells Fargo & Company raised their target price on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Thursday, October 30th. Finally, Guggenheim restated a "buy" rating and issued a $85.00 price target (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $85.44.
View Our Latest Stock Analysis on Cognizant Technology Solutions
Institutional Investors Weigh In On Cognizant Technology Solutions
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Cognizant Technology Solutions by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider's stock valued at $4,047,570,000 after buying an additional 493,912 shares during the last quarter. State Street Corp raised its holdings in Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider's stock valued at $1,980,524,000 after acquiring an additional 157,427 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Cognizant Technology Solutions by 1.5% during the 3rd quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider's stock valued at $1,187,868,000 after acquiring an additional 260,177 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cognizant Technology Solutions by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider's stock worth $1,091,391,000 after acquiring an additional 206,532 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Cognizant Technology Solutions by 8.6% in the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider's stock worth $840,669,000 after purchasing an additional 987,395 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
About Cognizant Technology Solutions
(
Get Free Report)
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.
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