Ravi Kumar Singisetti Sells 2,950 Shares of Cognizant Technology Solutions (NASDAQ:CTSH) Stock

Key Points

• Ravi Kumar Singisetti, CEO, sold 2,950 shares on Dec. 19 at an average price of $85.06 for $250,927, trimming his stake by 3.77% to 75,209 shares valued at about $6.40M.
• Cognizant reported a quarterly earnings beat (Q3 EPS $1.39 vs. $1.30 expected) with revenue of $5.42B (up 7.5% YoY) and set FY2025 guidance of $5.220–$5.260 EPS; the stock has a MarketBeat consensus "Hold" with a $85.44 target.
• The company pays a $0.31 quarterly dividend (annualized $1.24, ~1.5% yield) and is heavily institutionally owned (~92.4%), led by large holders such as Vanguard and State Street.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Get Free Report) CEO Ravi Kumar Singisetti sold 2,950 shares of the business's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $85.06, for a total transaction of $250,927.00. Following the completion of the sale, the chief executive officer directly owned 75,209 shares of the company's stock, valued at $6,397,277.54. This represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ravi Kumar Singisetti also recently made the following trade(s):

• On Thursday, December 4th, Ravi Kumar Singisetti sold 3,125 shares of Cognizant Technology Solutions stock. The shares were sold at an average price of $80.01, for a total transaction of $250,031.25.

Cognizant Technology Solutions Price Performance

NASDAQ:CTSH traded down $0.03 during trading hours on Tuesday, reaching $85.18. 2,543,391 shares of the company were exchanged, compared to its average volume of 4,118,264. The business has a 50 day moving average of $75.02 and a 200 day moving average of $73.76. Cognizant Technology Solutions Corporation has a 1-year low of $65.15 and a 1-year high of $90.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market capitalization of $41.11 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.74 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the company posted $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. Research analysts forecast that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The company 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 dividend payout ratio (DPR) is currently 28.77%.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Cognizant Technology Solutions by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 60,348,442 shares of the information technology service provider's stock valued at $4,047,570,000 after purchasing an additional 493,912 shares in the last quarter. State Street Corp lifted its stake in Cognizant Technology Solutions by 0.6% in the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider's stock valued at $1,980,524,000 after buying an additional 157,427 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Cognizant Technology Solutions by 1.5% during the 3rd quarter. Pzena Investment Management LLC now owns 17,710,868 shares of the information technology service provider's stock worth $1,187,868,000 after buying an additional 260,177 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Cognizant Technology Solutions by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider's stock worth $1,091,391,000 after buying an additional 206,532 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Cognizant Technology Solutions by 8.6% in the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider's stock valued at $840,669,000 after acquiring an additional 987,395 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTSH. Weiss Ratings reissued a "hold (c+)" rating on shares of Cognizant Technology Solutions in a research note on Monday. JPMorgan Chase & Co. boosted 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. Royal Bank Of Canada reduced their price objective on Cognizant Technology Solutions from $93.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 30th. Guggenheim reissued a "buy" rating and set a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Finally, 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. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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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