Alina Kerdman Sells 131 Shares of Cognizant Technology Solutions (NASDAQ:CTSH) Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) CAO Alina Kerdman sold 131 shares of Cognizant Technology Solutions stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $84.45, for a total value of $11,062.95. Following the completion of the transaction, the chief accounting officer owned 645 shares of the company’s stock, valued at approximately $54,470.25. This represents a 16.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH remained flat at $83.63 during trading hours on Wednesday. The company had a trading volume of 8,443,161 shares, compared to its average volume of 4,065,729. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82. The firm has a fifty day moving average price of $73.64 and a 200-day moving average price of $73.63. The stock has a market capitalization of $40.36 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion during 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 business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Equities analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.77%.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in Cognizant Technology Solutions in the fourth quarter valued at $214,000. Cresset Asset Management LLC raised its holdings in Cognizant Technology Solutions by 18.2% in the 1st quarter. Cresset Asset Management LLC now owns 8,225 shares of the information technology service provider’s stock valued at $629,000 after buying an additional 1,268 shares during the period. Raymond James Financial Inc. lifted its position in Cognizant Technology Solutions by 1.3% in the first quarter. Raymond James Financial Inc. now owns 357,055 shares of the information technology service provider’s stock valued at $27,314,000 after buying an additional 4,455 shares during the last quarter. Brooklyn Investment Group boosted its stake in Cognizant Technology Solutions by 124.4% during the first quarter. Brooklyn Investment Group now owns 3,831 shares of the information technology service provider’s stock worth $293,000 after buying an additional 2,124 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Cognizant Technology Solutions by 9.9% during the first quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider’s stock valued at $494,061,000 after acquiring an additional 579,175 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CTSH shares. JPMorgan Chase & Co. boosted their target price on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Mizuho set a $85.00 target price on Cognizant Technology Solutions in a report on Thursday, October 30th. Guggenheim restated a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Wells Fargo & Company boosted their price target on Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $85.44.

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.