Cognizant Technology Solutions Corp (NASDAQ:CTSH) General Counsel Matthew W. Friedrich sold 447 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $76.29, for a total value of $34,101.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Matthew W. Friedrich also recently made the following trade(s):
- On Wednesday, September 5th, Matthew W. Friedrich sold 2,881 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $75.17, for a total value of $216,564.77.
Shares of NASDAQ:CTSH traded up $1.88 on Friday, reaching $72.17. 4,664,112 shares of the company traded hands, compared to its average volume of 3,449,156. Cognizant Technology Solutions Corp has a 52 week low of $69.69 and a 52 week high of $85.10. The stock has a market capitalization of $44.76 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.06.
Several research firms have issued reports on CTSH. BidaskClub downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, August 2nd. Wolfe Research started coverage on shares of Cognizant Technology Solutions in a report on Tuesday, July 17th. They issued a “market perform” rating on the stock. Cowen reaffirmed a “buy” rating and issued a $87.00 price target on shares of Cognizant Technology Solutions in a report on Friday, August 3rd. Finally, Moffett Nathanson started coverage on shares of Cognizant Technology Solutions in a report on Thursday, October 4th. They issued a “neutral” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $85.73.
Large investors have recently made changes to their positions in the company. Rainier Group Investment Advisory LLC bought a new position in shares of Cognizant Technology Solutions during the first quarter valued at about $100,000. Kaizen Advisory LLC boosted its holdings in shares of Cognizant Technology Solutions by 149.4% during the second quarter. Kaizen Advisory LLC now owns 1,429 shares of the information technology service provider’s stock worth $113,000 after purchasing an additional 856 shares during the period. Fort L.P. purchased a new stake in shares of Cognizant Technology Solutions during the second quarter worth about $123,000. San Francisco Sentry Investment Group CA boosted its holdings in shares of Cognizant Technology Solutions by 170.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 1,909 shares of the information technology service provider’s stock worth $151,000 after purchasing an additional 1,202 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Cognizant Technology Solutions by 65.5% during the second quarter. Parallel Advisors LLC now owns 2,226 shares of the information technology service provider’s stock worth $175,000 after purchasing an additional 881 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.
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