Key Points
- Director Michael Patsalos‑Fox sold 2,000 CTSH shares on Jan. 7 at an average price of $84.23 for $168,460, leaving him with 29,729 shares valued at about $2.50M and representing a 6.3% reduction from his prior stake.
- This Jan. 7 sale is part of a string of recent disposals — including trades on Dec. 11, 22, 24 and 29 — totaling 19,000 shares sold by the director over December–January.
- Cognizant recently posted a beat on Q results (EPS $1.39 vs. $1.30 consensus) and set FY2025 EPS guidance of $5.22–$5.26, while analysts maintain an average rating of Hold with a consensus target of $85.35.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) Director Michael Patsalos-Fox sold 2,000 shares of the firm's stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the completion of the sale, the director owned 29,729 shares of the company's stock, valued at $2,504,073.67. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Michael Patsalos-Fox also recently made the following trade(s):
- On Monday, December 29th, Michael Patsalos-Fox sold 3,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $85.17, for a total transaction of $255,510.00.
- 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 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 shares were sold at an average price of $83.52, for a total transaction of $584,640.00.
Cognizant Technology Solutions Stock Performance
Shares of CTSH stock opened at $85.26 on Friday. The firm has a market cap of $41.15 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.64 and a beta of 0.96. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The company's 50 day moving average is $79.44 and its 200 day moving average is $74.31.
Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the business posted $1.25 EPS. The business'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, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.
Cognizant Technology Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. Cognizant Technology Solutions's payout ratio is 28.77%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. UBS Group restated a "neutral" rating and set a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. TD Cowen boosted their price target on shares of Cognizant Technology Solutions from $78.00 to $84.00 and gave the company a "hold" rating in a research report on Friday. Wells Fargo & Company lifted their target price on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a report on Monday, December 29th. Finally, Guggenheim reiterated a "buy" rating and set a $85.00 price target (down from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $85.35.
Read Our Latest Stock Report on CTSH
Hedge Funds Weigh In On Cognizant Technology Solutions
A number of institutional investors and hedge funds have recently made changes to their positions in CTSH. Hilltop National Bank purchased a new position in Cognizant Technology Solutions in the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC lifted its stake in shares of Cognizant Technology Solutions by 71.8% during the second 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 during the period. JPL Wealth Management LLC purchased a new stake in shares of Cognizant Technology Solutions in the third quarter valued at $25,000. High Note Wealth LLC lifted its holdings in shares of Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider's stock worth $30,000 after acquiring an additional 449 shares during the period. Finally, New Millennium Group LLC purchased a new stake in shares of Cognizant Technology Solutions during the 3rd quarter valued at $34,000. 92.44% of the stock is owned by institutional investors and hedge funds.
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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