Cognizant Technology Solutions Corp (CTSH) to Issue Dividend Increase – $0.20 Per Share
Cognizant Technology Solutions Corp (NASDAQ:CTSH) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Thursday, February 22nd will be paid a dividend of 0.20 per share by the information technology service provider on Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 1.04%. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15.
Cognizant Technology Solutions (CTSH) opened at $77.00 on Wednesday. Cognizant Technology Solutions has a 52 week low of $54.76 and a 52 week high of $78.95. The firm has a market capitalization of $43,215.09, a PE ratio of 22.81, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07.
Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts forecast that Cognizant Technology Solutions will post 3.35 EPS for the current fiscal year.
In related news, insider Sean Middleton sold 1,278 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $71.36, for a total value of $91,198.08. Following the completion of the sale, the insider now directly owns 3,366 shares of the company’s stock, valued at approximately $240,197.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Friedrich sold 2,711 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.30, for a total value of $201,427.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 961,064 shares of company stock valued at $70,504,403. Company insiders own 1.08% of the company’s stock.
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Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.
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