Key Points
- Director Michael Patsalos-Fox sold 7,000 shares on December 11 at an average price of $83.52 for a total of $584,640, trimming his stake by 12.79% to 47,729 shares (≈$3.99M), as disclosed in an SEC filing.
- Cognizant recently beat quarterly expectations (EPS $1.39 vs $1.30; revenue $5.42B vs $5.32B), set FY2025 guidance of 5.220–5.260 EPS, and trades near $84 with a market cap of $40.6B, while analysts hold a consensus "Hold" rating and an average target of $85.44.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) Director Michael Patsalos-Fox sold 7,000 shares of the firm's stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $83.52, for a total transaction of $584,640.00. Following the completion of the transaction, the director directly owned 47,729 shares in the company, valued at approximately $3,986,326.08. The trade was a 12.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Cognizant Technology Solutions Stock Performance
Shares of CTSH opened at $84.05 on Tuesday. The firm has a market capitalization of $40.57 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.71 and a beta of 0.97. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The stock has a 50 day moving average price of $73.33 and a two-hundred day moving average price of $73.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36.
Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.09. The company had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.Cognizant Technology Solutions's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.
Cognizant Technology Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were given a dividend of $0.31 per share. 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 presently 28.77%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Citigroup began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, October 23rd. They issued a "neutral" rating and a $75.00 price objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Cognizant Technology Solutions in a research note on Monday, December 1st. Wells Fargo & Company increased their price target on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Guggenheim reaffirmed a "buy" rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Finally, UBS Group reiterated a "neutral" rating and issued a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and an average target price of $85.44.
View Our Latest Research Report on Cognizant Technology Solutions
Institutional Investors Weigh In On Cognizant Technology Solutions
Several institutional investors have recently added to or reduced their stakes in CTSH. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at about $25,000. Hilltop National Bank bought a new stake in Cognizant Technology Solutions during the 2nd quarter worth approximately $27,000. NewSquare Capital LLC lifted its stake in Cognizant Technology Solutions by 71.8% in the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider's stock worth $29,000 after purchasing an additional 153 shares in the last quarter. High Note Wealth LLC boosted its holdings in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider's stock valued at $30,000 after purchasing an additional 449 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at $34,000. 92.44% of the stock is owned by hedge funds and other institutional investors.
Cognizant Technology Solutions Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
