Key Points
- CEO Ravi Kumar Singisetti sold 2,950 shares on December 19 at an average price of $85.06 for a total of $250,927, reducing his stake by 3.77% to 75,209 shares; the transaction was disclosed in an SEC filing.
- Cognizant beat recent quarterly expectations with $1.39 EPS and $5.42 billion revenue (up 7.5% year-over-year) and issued FY2025 guidance of $5.220–$5.260 EPS, while analysts carry an average "Hold" rating and a $85.44 price target.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) CEO Ravi Kumar Singisetti sold 2,950 shares of the firm's stock in a transaction on Friday, December 19th. The stock was sold at an average price of $85.06, for a total transaction of $250,927.00. Following the transaction, the chief executive officer directly owned 75,209 shares in the company, valued at $6,397,277.54. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ravi Kumar Singisetti also recently made the following trade(s):
- On Thursday, December 4th, Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $80.01, for a total transaction of $250,031.25.
Cognizant Technology Solutions Stock Performance
NASDAQ CTSH opened at $85.18 on Wednesday. The firm has a market cap of $41.11 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.74 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 business's 50-day moving average price is $75.38 and its 200 day moving average price is $73.79. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04.
Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the business earned $1.25 EPS. The firm's revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. On average, equities research analysts expect that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.
Cognizant Technology Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is 28.77%.
Institutional Investors Weigh In On Cognizant Technology Solutions
Institutional investors have recently modified their holdings of the company. Hilltop National Bank purchased a new position in Cognizant Technology Solutions in the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC grew its holdings in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider's stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the third quarter valued at $25,000. High Note Wealth LLC increased its position in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider's stock valued at $30,000 after buying an additional 449 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 92.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cognizant Technology Solutions in a report on Monday. Wells Fargo & Company raised their price objective 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 reiterated a "buy" rating and set a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, October 30th. Finally, William Blair upgraded Cognizant Technology Solutions from a "market perform" rating to an "outperform" rating in a research note on Friday, November 21st. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $85.44.
View Our Latest Research Report on CTSH
About Cognizant Technology Solutions
(
Get Free Report)
Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.
Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.
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