James Patrick Lennox Sells 2,086 Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) Stock

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.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Thursday, May 2nd. The information technology service provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Cognizant Technology Solutions had a return on equity of 21.50% and a net margin of 12.39%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 EPS. On average, research analysts expect that Cognizant Technology Solutions Corp will post 3.91 EPS for the current year.

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.

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

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