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

Key Points

• CAO Alina Kerdman sold 131 shares of CTSH on Dec. 15 at an average price of $84.45 for $11,062.95, trimming her position by 16.88% to 645 shares (≈$54,470).
• Cognizant beat Q3 expectations with $1.39 EPS (vs. $1.30 est.) and $5.42B revenue (vs. $5.32B est.), and set FY2025 guidance of EPS 5.220–5.260 (analyst consensus ≈4.98).
• Shares were trading near $83.63 with a $40.36B market cap and P/E of 19.4; the company pays a $0.31 quarterly dividend (≈1.5% yield) and has a consensus analyst rating of Hold with a $85.44 target, while institutional investors own ~92.44%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) CAO Alina Kerdman sold 131 shares of Cognizant Technology Solutions stock in a transaction that occurred on 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 directly owned 645 shares in the company, valued at approximately $54,470.25. The trade was a 16.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cognizant Technology Solutions Stock Performance

CTSH remained flat at $83.63 during trading on Wednesday. 8,443,161 shares of the company's stock traded hands, compared to its average volume of 4,065,729. The stock has a market cap of $40.36 billion, a P/E ratio of 19.40, a PEG ratio of 1.72 and a beta of 0.97. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $73.64 and its 200 day simple moving average is $73.63.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.09. The business had revenue of $5.42 billion for 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%.The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior 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 research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared 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 dividend payout ratio (DPR) is currently 28.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group reaffirmed a "neutral" rating and issued a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a research report on Monday, December 8th. Citigroup began coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They set a "neutral" rating and a $75.00 price objective for the company. Mizuho set a $85.00 target price on Cognizant Technology Solutions in a research note on Thursday, October 30th. William Blair raised Cognizant Technology Solutions from a "market perform" rating to an "outperform" rating in a research report on Friday, November 21st. Finally, Wells Fargo & Company increased their price objective on Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $85.44.

Institutional Trading of Cognizant Technology Solutions

A number of hedge funds have recently modified their holdings of CTSH. Hudson Bay Capital Management LP purchased a new position in Cognizant Technology Solutions during the third quarter valued at approximately $226,000. IFP Advisors Inc grew its stake in shares of Cognizant Technology Solutions by 13.7% during the 3rd quarter. IFP Advisors Inc now owns 11,760 shares of the information technology service provider's stock worth $789,000 after purchasing an additional 1,418 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of Cognizant Technology Solutions by 40.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 185,409 shares of the information technology service provider's stock valued at $12,435,000 after purchasing an additional 52,990 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Cognizant Technology Solutions in the 3rd quarter valued at $518,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Cognizant Technology Solutions during the third quarter worth $201,834,000. Hedge funds and other institutional investors own 92.44% 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 in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.

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