Insider Selling: Cognizant Technology Solutions (NASDAQ:CTSH) Director Sells 3,000 Shares of Stock

Key Points

• Insider selling: Director Michael Patsalos‑Fox sold 3,000 shares on Dec. 29 at $85.17 (part of December sales totaling 17,000 shares), trimming his position by 7.95% to 34,729 shares valued at about $2.96 million, as disclosed in an SEC Form 4.
• Company results and outlook: Cognizant beat quarterly expectations with $1.39 EPS (vs. $1.30 est.) and $5.42B revenue (+7.5% YoY), set FY‑2025 EPS guidance of $5.220–$5.260, and carries a consensus Wall Street rating of "Hold" with a $85.44 price target.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) Director Michael Patsalos-Fox sold 3,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $85.17, for a total transaction of $255,510.00. Following the completion of the transaction, the director owned 34,729 shares of the company's stock, valued at $2,957,868.93. This trade represents a 7.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 value 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 Price Performance

Shares of Cognizant Technology Solutions stock opened at $84.14 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions Corporation has a 52 week low of $65.15 and a 52 week high of $90.82. The stock has a market cap of $40.61 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. The company's 50-day moving average price is $77.21 and its two-hundred day moving average price is $73.96.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The firm's revenue was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, sell-side analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.5%. Cognizant Technology Solutions's payout ratio is currently 28.77%.

Institutional Trading of Cognizant Technology Solutions

A number of large investors have recently bought and sold shares of the stock. JPL Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions during the third quarter worth $25,000. Hilltop National Bank bought a new position in Cognizant Technology Solutions in the second quarter valued at about $27,000. NewSquare Capital LLC raised its stake in Cognizant Technology Solutions by 71.8% during the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider's stock worth $29,000 after buying an additional 153 shares during the last quarter. High Note Wealth LLC grew its position in Cognizant Technology Solutions by 22,450.0% in the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider's stock valued at $30,000 after purchasing an additional 449 shares during the period. Finally, New Millennium Group LLC purchased a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth approximately $34,000. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTSH has been the subject of a number of recent research reports. William Blair upgraded shares of Cognizant Technology Solutions from a "market perform" rating to an "outperform" rating in a research note on Friday, November 21st. Wells Fargo & Company upped their target price on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. The Goldman Sachs Group reiterated a "neutral" rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on Cognizant Technology Solutions from $89.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cognizant Technology Solutions in a report on Monday. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $85.44.

Cognizant Technology Solutions Company Profile

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.

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