Cognizant Technology Solutions (NASDAQ:CTSH) CAO Sells $187,950.00 in Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) CAO John Sunshin Kim sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the completion of the transaction, the chief accounting officer directly owned 36,630 shares in the company, valued at $2,753,843.40. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $72.88 on Monday. The business’s fifty day moving average price is $69.02 and its 200-day moving average price is $73.70. The stock has a market capitalization of $35.59 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.47 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.09. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Wall Street Zen cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $84.00 target price on shares of Cognizant Technology Solutions in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They set a “hold” rating and a $80.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus target price of $85.19.

Hedge Funds Weigh In On Cognizant Technology Solutions

Several large investors have recently made changes to their positions in CTSH. Unison Advisors LLC increased its holdings in shares of 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Cognizant Technology Solutions by 1.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,733 shares of the information technology service provider’s stock worth $668,000 after acquiring an additional 149 shares in the last quarter. Security National Bank of SO Dak grew its position in 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 worth $1,662,000 after acquiring an additional 150 shares in the last quarter. Private Trust Co. NA grew its position in Cognizant Technology Solutions by 8.6% in the first quarter. Private Trust Co. NA now owns 1,913 shares of the information technology service provider’s stock worth $146,000 after acquiring an additional 151 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after acquiring an additional 153 shares in the last quarter. 92.44% 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 in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.