Cognizant Technology Solutions Corp. (NASDAQ:CTSH) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research report issued on Friday.

CTSH has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Cognizant Technology Solutions Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Vetr downgraded shares of Cognizant Technology Solutions Corp. from a “strong-buy” rating to a “buy” rating and set a $65.33 target price on the stock. in a research note on Monday, September 5th. Goldman Sachs Group Inc. downgraded shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $68.00 to $61.00 in a research note on Thursday, September 15th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $68.00 target price on shares of Cognizant Technology Solutions Corp. in a research note on Wednesday, September 7th. Finally, Citigroup Inc. downgraded shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $68.00 to $55.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $65.67.

Analyst Recommendations for Cognizant Technology Solutions Corp. (NASDAQ:CTSH)

Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) opened at 50.40 on Friday. The stock has a market cap of $30.59 billion, a PE ratio of 20.32 and a beta of 1.43. Cognizant Technology Solutions Corp. has a 12 month low of $45.44 and a 12 month high of $69.80. The stock has a 50 day moving average of $55.73 and a 200 day moving average of $58.71.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its quarterly earnings results on Friday, August 5th. The information technology service provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.37 billion. Cognizant Technology Solutions Corp. had a net margin of 11.65% and a return on equity of 19.31%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that Cognizant Technology Solutions Corp. will post $3.38 earnings per share for the current fiscal year.

In other Cognizant Technology Solutions Corp. news, CEO Francisco Dsouza sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $57.69, for a total transaction of $11,538,000.00. Following the completion of the transaction, the chief executive officer now owns 422,602 shares in the company, valued at approximately $24,379,909.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Malcolm Frank sold 1,248 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $58.50, for a total transaction of $73,008.00. Following the transaction, the vice president now owns 3,945 shares of the company’s stock, valued at approximately $230,782.50. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CTSH. Albion Financial Group UT increased its stake in shares of Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Albion Financial Group UT now owns 6,830 shares of the information technology service provider’s stock valued at $391,000 after buying an additional 25 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Cognizant Technology Solutions Corp. by 0.3% in the second quarter. LS Investment Advisors LLC now owns 13,412 shares of the information technology service provider’s stock valued at $768,000 after buying an additional 46 shares in the last quarter. Commerce Bank increased its stake in shares of Cognizant Technology Solutions Corp. by 1.5% in the second quarter. Commerce Bank now owns 3,971 shares of the information technology service provider’s stock valued at $227,000 after buying an additional 57 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Cognizant Technology Solutions Corp. by 0.4% in the second quarter. Wedbush Securities Inc. now owns 18,283 shares of the information technology service provider’s stock valued at $1,047,000 after buying an additional 75 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Cognizant Technology Solutions Corp. by 1.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,804 shares of the information technology service provider’s stock valued at $390,000 after buying an additional 80 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.

About Cognizant Technology Solutions Corp.

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology.

5 Day Chart for NASDAQ:CTSH

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