Michael Patsalos-Fox Sells 2,000 Shares of Cognizant Technology Solutions (NASDAQ:CTSH) Stock

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Director Michael Patsalos-Fox sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the transaction, the director directly owned 29,729 shares of the company’s stock, valued at $2,504,073.67. The trade was a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael Patsalos-Fox also recently made the following trade(s):

• On Monday, December 29th, Michael Patsalos-Fox sold 3,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $85.17, for a total value of $255,510.00.
• On Wednesday, December 24th, Michael Patsalos-Fox sold 4,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $85.30, for a total transaction of $341,200.00.
• On Monday, December 22nd, Michael Patsalos-Fox sold 3,000 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $85.15, for a total transaction of $255,450.00.
• On Thursday, December 11th, Michael Patsalos-Fox sold 7,000 shares of Cognizant Technology Solutions stock. The stock was sold at an average price of $83.52, for a total transaction of $584,640.00.

Cognizant Technology Solutions Stock Down 0.6%

Shares of NASDAQ:CTSH opened at $85.26 on Friday. Cognizant Technology Solutions Corporation has a 52-week low of $65.15 and a 52-week high of $90.82. The firm has a market capitalization of $41.15 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a 50 day moving average price of $79.44 and a 200-day moving average price of $74.28.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal 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 issued a $0.31 dividend. 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 payout ratio is 28.77%.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth approximately $214,000. Caxton Associates LLP purchased a new position in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $362,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cognizant Technology Solutions by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,648,919 shares of the information technology service provider’s stock worth $355,642,000 after buying an additional 275,755 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of Cognizant Technology Solutions by 28.1% in the first quarter. Advisory Alpha LLC now owns 4,409 shares of the information technology service provider’s stock valued at $337,000 after acquiring an additional 967 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in Cognizant Technology Solutions by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 89,369 shares of the information technology service provider’s stock valued at $6,837,000 after purchasing an additional 238 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CTSH shares. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research note on Monday, December 29th. William Blair raised shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Friday, November 21st. Wells Fargo & Company lifted 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 note on Thursday, October 30th. Finally, Mizuho set a $85.00 price target on Cognizant Technology Solutions in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $85.35.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.