Key Points
- Director Michael Patsalos‑Fox sold 3,000 shares on Dec. 22 at an average price of $85.15 for $255,450, trimming his stake to 41,729 shares (a 6.71% decrease); he also sold 4,000 shares on Dec. 24 and 7,000 shares on Dec. 11.
- Cognizant beat quarterly expectations with $1.39 EPS and $5.42 billion in revenue (up 7.5% YoY) and set FY2025 guidance of $5.220–$5.260 EPS versus analysts' average forecast of about $4.98.
- Shares trade around $85 with a market cap near $41 billion, a consensus analyst rating of Hold and a $85.44 average price target, and the company pays a $0.31 quarterly dividend (≈1.5% yield).
Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) Director Michael Patsalos-Fox sold 3,000 shares of the company's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $85.15, for a total value of $255,450.00. Following the completion of the transaction, the director directly owned 41,729 shares of the company's stock, valued at approximately $3,553,224.35. The trade was a 6.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Patsalos-Fox also recently made the following trade(s):
- On Wednesday, December 24th, Michael Patsalos-Fox sold 4,000 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $85.30, for a total value of $341,200.00.
- On Thursday, December 11th, Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $83.52, for a total transaction of $584,640.00.
Cognizant Technology Solutions Stock Down 0.7%
NASDAQ:CTSH opened at $85.00 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 one year low of $65.15 and a one year high of $90.82. The firm's 50 day simple moving average is $76.90 and its 200 day simple moving average is $73.92. The company has a market cap of $41.03 billion, a PE ratio of 19.72, a P/E/G ratio of 1.75 and a beta of 0.97.
Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly 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. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. On average, research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.
Cognizant Technology Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given 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 was Tuesday, November 18th. Cognizant Technology Solutions's payout ratio is 28.77%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CTSH. Wells Fargo & Company lifted their price objective on Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Thursday, October 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research report on Monday, December 22nd. William Blair raised shares of Cognizant Technology Solutions from a "market perform" rating to an "outperform" rating in a research note on Friday, November 21st. Mizuho set a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $85.44.
Get Our Latest Stock Report on CTSH
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of CTSH. JPL Wealth Management LLC bought a new stake in Cognizant Technology Solutions in the third quarter valued at $25,000. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at about $27,000. NewSquare Capital LLC increased its position 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 valued at $29,000 after buying an additional 153 shares in the last quarter. High Note Wealth LLC increased its position 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 buying an additional 449 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in Cognizant Technology Solutions during the 3rd quarter worth approximately $34,000. 92.44% of the stock is owned by institutional investors.
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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