The President of Cognizant (NASDAQ: CTSH) is Selling Shares

By Carrie Williams

Today, the President of Cognizant (CTSHResearch Report), Rajeev Mehta, sold shares of CTSH for $1.43M.

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Based on Cognizant’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $4.13 billion and quarterly net profit of $648 million. In comparison, last year the company earned revenue of $3.83 billion and had a GAAP net loss of $18 million. CTSH’s market cap is $40.93B and the company has a P/E ratio of 19.70. Currently, Cognizant has an average volume of 3.45M.

Based on 14 analyst ratings, the analyst consensus is Strong Buy with an average price target of $84.21, reflecting a 18.5% upside.

The insider sentiment on Cognizant has been negative according to 267 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Rajeev Mehta’s trades have generated a -7.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following business segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology.