Cognizant Technology Solutions Corp (NASDAQ:CTSH) EVP James Patrick Lennox sold 2,086 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $64.05, for a total transaction of $133,608.30. Following the completion of the sale, the executive vice president now directly owns 3,073 shares in the company, valued at $196,825.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
James Patrick Lennox also recently made the following trade(s):
- On Friday, June 14th, James Patrick Lennox sold 1,454 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $61.60, for a total transaction of $89,566.40.
CTSH stock opened at $64.38 on Wednesday. The stock’s 50-day moving average price is $62.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.90 and a current ratio of 2.90. Cognizant Technology Solutions Corp has a 52-week low of $56.73 and a 52-week high of $83.35. The stock has a market cap of $36.36 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.64 and a beta of 1.01.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Monday, April 8th. TheStreet lowered shares of Cognizant Technology Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 3rd. Wells Fargo & Co set a $63.00 price target on shares of Cognizant Technology Solutions and gave the company a “hold” rating in a report on Friday, May 3rd. Nomura downgraded Cognizant Technology Solutions to a “hold” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $74.80.
Large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $366,248,000. State of Tennessee Treasury Department lifted its holdings in Cognizant Technology Solutions by 54.0% during the first quarter. State of Tennessee Treasury Department now owns 231,079 shares of the information technology service provider’s stock valued at $16,742,000 after purchasing an additional 81,027 shares in the last quarter. Signition LP purchased a new position in Cognizant Technology Solutions during the first quarter valued at $593,000. FMR LLC lifted its holdings in Cognizant Technology Solutions by 21.9% during the first quarter. FMR LLC now owns 15,767,608 shares of the information technology service provider’s stock valued at $1,142,362,000 after purchasing an additional 2,827,833 shares in the last quarter. Finally, Exane Derivatives lifted its holdings in Cognizant Technology Solutions by 16,331.5% during the first quarter. Exane Derivatives now owns 29,248 shares of the information technology service provider’s stock valued at $2,118,000 after purchasing an additional 29,070 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.
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 analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.
Read More: Blue-Chip Stocks
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.