Cognizant Technology Solutions Corp (NASDAQ:CTSH) Insider Sean Middleton Sells 439 Shares

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Cognizant Technology Solutions Corp (NASDAQ:CTSH) insider Sean Middleton sold 439 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $76.28, for a total transaction of $33,486.92. Following the sale, the insider now owns 5,135 shares of the company’s stock, valued at approximately $391,697.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sean Middleton also recently made the following trade(s):

  • On Tuesday, July 10th, Sean Middleton sold 232 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $81.50, for a total transaction of $18,908.00.
  • On Friday, July 6th, Sean Middleton sold 36 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $79.94, for a total transaction of $2,877.84.

NASDAQ CTSH opened at $72.17 on Friday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $44.76 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. Cognizant Technology Solutions Corp has a one year low of $69.69 and a one year high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Thursday, August 2nd. The information technology service provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.03 billion. Cognizant Technology Solutions had a net margin of 9.37% and a return on equity of 21.66%. Cognizant Technology Solutions’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities analysts anticipate that Cognizant Technology Solutions Corp will post 4.18 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of Cognizant Technology Solutions by 6.9% during the second quarter. BlackRock Inc. now owns 42,845,471 shares of the information technology service provider’s stock worth $3,384,363,000 after acquiring an additional 2,775,975 shares during the period. Voya Investment Management LLC increased its stake in shares of Cognizant Technology Solutions by 909.3% during the second quarter. Voya Investment Management LLC now owns 2,163,755 shares of the information technology service provider’s stock worth $170,915,000 after acquiring an additional 1,949,375 shares during the period. Flossbach Von Storch AG increased its stake in shares of Cognizant Technology Solutions by 225.1% during the second quarter. Flossbach Von Storch AG now owns 1,464,966 shares of the information technology service provider’s stock worth $115,718,000 after acquiring an additional 1,014,395 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Cognizant Technology Solutions by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 18,273,087 shares of the information technology service provider’s stock worth $1,443,390,000 after acquiring an additional 836,521 shares during the period. Finally, Genesis Asset Managers LLP increased its stake in shares of Cognizant Technology Solutions by 23.4% during the third quarter. Genesis Asset Managers LLP now owns 3,584,155 shares of the information technology service provider’s stock worth $276,518,000 after acquiring an additional 680,400 shares during the period. Institutional investors own 87.92% of the company’s stock.

Several analysts recently weighed in on the stock. BidaskClub raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Friday, July 13th. Wolfe Research started coverage on shares of Cognizant Technology Solutions in a research report on Tuesday, July 17th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a research report on Monday, July 9th. Bank of America cut shares of Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $91.00 to $81.00 in a research report on Tuesday, September 4th. Finally, HSBC raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $85.73.

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

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