Cognizant Technology Solutions Corp (CTSH) General Counsel Sells $34,101.63 in Stock

Share on StockTwits

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.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.09. Cognizant Technology Solutions had a return on equity of 21.66% and a net margin of 9.37%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, research analysts predict that Cognizant Technology Solutions Corp will post 4.18 EPS for the current year.

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.

Featured Story: Treasury Bonds

Insider Buying and Selling by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.