Key Points
- Michael Patsalos-Fox, a Cognizant director, sold 3,000 shares on December 29 at an average price of $85.17 for $255,510, leaving him with 34,729 shares (a 7.95% reduction in his position).
- Across several trades since December 11 he sold a total of 17,000 shares for about $1.44 million, signaling notable recent insider selling activity.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) Director Michael Patsalos-Fox sold 3,000 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $85.17, for a total value of $255,510.00. Following the transaction, the director owned 34,729 shares in the company, valued at approximately $2,957,868.93. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $85.30, for a total transaction of $341,200.00.
- On Monday, December 22nd, Michael Patsalos-Fox sold 3,000 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $85.15, for a total transaction of $255,450.00.
- On Thursday, December 11th, Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $83.52, for a total value of $584,640.00.
Cognizant Technology Solutions Price Performance
Shares of NASDAQ:CTSH opened at $83.00 on Thursday. The company has a market cap of $40.06 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.72 and a beta of 0.97. The business has a 50 day moving average price of $77.50 and a 200 day moving average price of $74.02. 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 Corporation has a twelve month low of $65.15 and a twelve month high of $90.82.
Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company's quarterly 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. Research analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.
Cognizant Technology Solutions Announces Dividend
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 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions's dividend payout ratio (DPR) is currently 28.77%.
Hedge Funds Weigh In On Cognizant Technology Solutions
Institutional investors have recently bought and sold shares of the business. Unison Advisors LLC boosted its stake in Cognizant Technology Solutions by 0.5% in the second quarter. Unison Advisors LLC now owns 29,843 shares of the information technology service provider's stock worth $2,329,000 after purchasing an additional 135 shares in the last quarter. Security National Bank of SO Dak raised its holdings in shares of Cognizant Technology Solutions by 0.6% in the third quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider's stock valued at $1,662,000 after buying an additional 150 shares during the last quarter. NewSquare Capital LLC lifted its position in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider's stock worth $29,000 after buying an additional 153 shares in the last quarter. Haven Private LLC grew its holdings in Cognizant Technology Solutions by 1.9% during the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider's stock worth $567,000 after acquiring an additional 157 shares during the last quarter. Finally, STF Management LP raised its stake in shares of Cognizant Technology Solutions by 2.1% in the second quarter. STF Management LP now owns 7,534 shares of the information technology service provider's stock worth $588,000 after acquiring an additional 158 shares during the last quarter. Institutional investors own 92.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CTSH. Weiss Ratings reiterated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Monday. Guggenheim restated a "buy" rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Royal Bank Of Canada decreased their target price on shares of Cognizant Technology Solutions from $93.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 30th. Citigroup began coverage on Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a "neutral" rating and a $75.00 price objective on the stock. Finally, William Blair upgraded Cognizant Technology Solutions from a "market perform" rating to an "outperform" rating in a research report on Friday, November 21st. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of "Hold" and a consensus price target of $85.44.
View Our Latest Analysis on Cognizant Technology Solutions
Cognizant Technology Solutions Company Profile
(
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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