Cognizant Technology Solutions Corp. (NASDAQ:CTSH)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research report issued on Tuesday.

A number of other research firms have also weighed in on CTSH. Nomura lowered shares of Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $65.00 to $62.00 in a report on Monday, August 8th. Cantor Fitzgerald restated a “buy” rating and issued a $68.00 target price on shares of Cognizant Technology Solutions Corp. in a report on Monday, October 3rd. Wedbush initiated coverage on shares of Cognizant Technology Solutions Corp. in a report on Thursday, September 8th. They issued a “neutral” rating and a $65.00 target price on the stock. Needham & Company LLC lowered their target price on shares of Cognizant Technology Solutions Corp. from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $62.00 target price on shares of Cognizant Technology Solutions Corp. in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $64.93.

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

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) opened at 53.01 on Tuesday. The firm has a market cap of $32.17 billion, a P/E ratio of 21.38 and a beta of 1.34. Cognizant Technology Solutions Corp. has a 1-year low of $45.44 and a 1-year high of $68.04. The stock has a 50 day moving average price of $51.64 and a 200-day moving average price of $56.93.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last posted its earnings results on Monday, November 7th. The information technology service provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. Cognizant Technology Solutions Corp. had a net margin of 11.78% and a return on equity of 19.42%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts forecast that Cognizant Technology Solutions Corp. will post $3.38 EPS for the current year.

In other Cognizant Technology Solutions Corp. news, CFO Karen Mcloughlin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $51.27, for a total transaction of $512,700.00. Following the completion of the sale, the chief financial officer now owns 52,614 shares in the company, valued at approximately $2,697,519.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Malcolm Frank sold 1,248 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $58.50, for a total value of $73,008.00. Following the sale, 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.

Large investors have recently modified their holdings of the stock. Albion Financial Group UT raised its position 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 during the last quarter. Gradient Investments LLC raised its position in shares of Cognizant Technology Solutions Corp. by 0.6% in the third quarter. Gradient Investments LLC now owns 5,385 shares of the information technology service provider’s stock valued at $257,000 after buying an additional 34 shares during the last quarter. LS Investment Advisors LLC raised its position 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 during the last quarter. Commerce Bank raised its position 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 during the last quarter. Finally, Wedbush Securities Inc. raised its position 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 during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Cognizant Technology Solutions Corp. Company Profile

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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