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

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

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH traded up $0.57 during trading on Thursday, reaching $84.20. 651,647 shares of the company’s stock traded hands, compared to its average volume of 4,051,547. The stock has a market capitalization of $40.64 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97. Cognizant Technology Solutions Corporation has a 12 month low of $65.15 and a 12 month high of $90.82. The company has a 50 day moving average of $73.95 and a 200-day moving average of $73.70. 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 (NASDAQ:CTSH) last issued its earnings results 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 company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.Cognizant Technology Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. On average, equities analysts expect that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CTSH. Wells Fargo & Company upped their price target on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Citigroup assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price target on the stock. UBS Group reiterated a “neutral” rating and set a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Mizuho set a $85.00 target price on Cognizant Technology Solutions in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $85.44.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 3rd quarter worth approximately $25,000. Hilltop National Bank acquired a new position in Cognizant Technology Solutions in the second quarter worth approximately $27,000. NewSquare Capital LLC lifted its position in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. High Note Wealth LLC boosted its stake in shares of Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in shares of Cognizant Technology Solutions in the 3rd quarter worth $34,000. 92.44% of the stock is owned by institutional investors and hedge funds.

About Cognizant Technology Solutions

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.