Cognizant Technology Solutions Corp. (NASDAQ:CTSH)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a report issued on Tuesday.

A number of other analysts have also commented on the company. Jefferies Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of Cognizant Technology Solutions Corp. in a research note on Monday, June 20th. Barclays PLC reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Cognizant Technology Solutions Corp. in a research note on Wednesday, June 8th. Needham & Company LLC dropped their price target on Cognizant Technology Solutions Corp. from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Nomura lowered Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $65.00 to $62.00 in a research note on Monday, August 8th. Finally, Cantor Fitzgerald set a $68.00 price target on Cognizant Technology Solutions Corp. and gave the stock a “buy” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $65.98.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) traded down 0.62% during mid-day trading on Tuesday, hitting $50.09. 7,810,766 shares of the stock traded hands. The firm has a market cap of $30.40 billion, a P/E ratio of 20.20 and a beta of 1.43. The firm’s 50-day moving average is $55.73 and its 200 day moving average is $58.71. Cognizant Technology Solutions Corp. has a 52-week low of $45.44 and a 52-week high of $69.80.

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

In other news, VP Malcolm Frank sold 1,248 shares of Cognizant Technology Solutions Corp. stock in a transaction dated 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 directly owns 3,945 shares of the company’s stock, valued at approximately $230,782.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Francisco Dsouza sold 300,000 shares of Cognizant Technology Solutions Corp. stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $58.32, for a total value of $17,496,000.00. Following the transaction, the chief executive officer now directly owns 422,602 shares in the company, valued at $24,646,148.64. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CTSH. Vanguard Group Inc. boosted its position in Cognizant Technology Solutions Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 37,394,147 shares of the information technology service provider’s stock worth $2,140,441,000 after buying an additional 504,392 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Cognizant Technology Solutions Corp. by 45.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 25,864,040 shares of the information technology service provider’s stock worth $1,480,458,000 after buying an additional 8,041,798 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Cognizant Technology Solutions Corp. by 21.1% in the second quarter. Artisan Partners Limited Partnership now owns 13,571,012 shares of the information technology service provider’s stock worth $776,805,000 after buying an additional 2,362,461 shares during the last quarter. Nordea Investment Management AB boosted its position in Cognizant Technology Solutions Corp. by 149.0% in the second quarter. Nordea Investment Management AB now owns 8,694,123 shares of the information technology service provider’s stock worth $497,652,000 after buying an additional 5,203,100 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Cognizant Technology Solutions Corp. by 5.5% in the first quarter. Wellington Management Group LLP now owns 8,331,127 shares of the information technology service provider’s stock worth $522,361,000 after buying an additional 436,001 shares during the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

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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