Cognizant Technology Solutions Corp (CTSH) Files Form 4 Insider Selling : Karen Mcloughlin Sells 880 Shares

Cognizant Technology Solutions Corp (CTSH): Karen Mcloughlin , Chief Financial Officer of Cognizant Technology Solutions Corp sold 880 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $61.01 per share for a total value of $53,688.80.

Company has been under the radar of several Street Analysts.Cognizant Technology Solutions Corp is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 68 from a previous price target of $75 . The Rating was issued on Feb 9, 2016.Cognizant Technology Solutions Corp is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 70 from a previous price target of $78 . The Rating was issued on Feb 9, 2016.Cognizant Technology Solutions Corp is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 70 from a previous price target of $75 . The Rating was issued on Feb 9, 2016.

Currently the company Insiders own 0.79% of Cognizant Technology Solutions Corp shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -52.31%.Institutional Investors own 88.36% of Cognizant Technology Solutions Corp shares.During last six month period, the net percent change held by insiders has seen a change of -21.85%.

Shares of Cognizant Technology Solutions Corp (CTSH) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.30% at $59.98 with 33,75,038 shares getting traded. Post opening the session at $60.66, the shares hit an intraday low of $59.96 and an intraday high of $61.12 and the price vacillated in this range throughout the day. The company has a market cap of $36,535 M and the number of outstanding shares has been calculated to be 60,91,20,450 shares. The 52-week high of Cognizant Technology Solutions Corp is $69.8 and the 52-week low is $51.22.

Cognizant Technology Solutions Corp Money Flow Index Chart

Cognizant Technology Solutions Corporation is a provider of information technology (IT) consulting and business process services. The Company operates in four segments: Financial Services segment which include banking and insurance; Healthcare segment which includes healthcare and life sciences and Manufacturing/Retail/Logistics segment which includes manufacturing and logistics; retail travel and hospitality and consumer goods and Other segment which includes Communications Manufacturing/Retail/Logistics and High Technology. The Companies competencies include business process operations and IT consulting application development and systems integration enterprise information management (EIM) application testing application maintenance IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting information technology and outsourcing services including consulting and technology services and outsourcing services.

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