Cognizant Technology Solutions Corp. (NASDAQ:CTSH) SVP Steven Schwartz sold 2,350 shares of Cognizant Technology Solutions Corp. stock on the open market in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $84.03, for a total transaction of $197,470.50. Following the sale, the senior vice president now directly owns 12,195 shares of the company’s stock, valued at approximately $1,024,746. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) in a research note to investors on Wednesday, September 18th. They now have a $85.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) from $94.00 to $110.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) from $80.00 to $97.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock.
Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $85.76.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded down 0.50% during mid-day trading on Monday, hitting $81.89. 734,663 shares of the company’s stock traded hands. Cognizant Technology Solutions Corp. has a one year low of $60.92 and a one year high of $84.17. The stock’s 50-day moving average is $75.42 and its 200-day moving average is $70.77. The company has a market cap of $24.679 billion and a P/E ratio of 21.93.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.97 by $0.10. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $0.82 earnings per share. Cognizant Technology Solutions Corp.’s revenue was up 20.4% compared to the same quarter last year. On average, analysts predict that Cognizant Technology Solutions Corp. will post $3.98 earnings per share for the current fiscal year.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a provider of custom information technology, consulting and business process outsourcing services.