Shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) have earned a consensus rating of “Buy” from the twenty-seven research firms that are covering the firm. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $64.56.

A number of equities analysts have weighed in on CTSH shares. HSBC started coverage on Cognizant Technology Solutions Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $62.00 price target on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $68.00 price target on shares of Cognizant Technology Solutions Corp. in a research report on Monday, October 3rd. Vetr raised Cognizant Technology Solutions Corp. from a “buy” rating to a “strong-buy” rating and set a $65.33 price target on the stock in a research report on Monday, September 12th. Societe Generale started coverage on Cognizant Technology Solutions Corp. in a research report on Monday, September 26th. They set a “buy” rating and a $68.00 price target on the stock. Finally, Nomura downgraded Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $65.00 to $62.00 in a research report on Monday, August 8th.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) opened at 53.95 on Tuesday. The firm has a 50-day moving average price of $51.64 and a 200 day moving average price of $56.86. Cognizant Technology Solutions Corp. has a 12 month low of $45.44 and a 12 month high of $66.28. The company has a market cap of $32.74 billion, a P/E ratio of 21.75 and a beta of 1.34.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its quarterly earnings results on Monday, November 7th. The information technology service provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.46 billion. Cognizant Technology Solutions Corp. had a return on equity of 19.42% and a net margin of 11.78%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities analysts expect that Cognizant Technology Solutions Corp. will post $3.37 earnings per share for the current year.

In other news, CFO Karen Mcloughlin sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $51.27, for a total value of $512,700.00. Following the completion of the sale, the chief financial officer now directly owns 52,614 shares in the company, valued at approximately $2,697,519.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Malcolm Frank sold 1,248 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $58.50, for a total value of $73,008.00. Following the completion of the sale, the vice president now owns 3,945 shares of the company’s stock, valued at $230,782.50. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Several hedge funds have recently modified their holdings of CTSH. Massachusetts Financial Services Co. MA increased its stake in shares of 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 valued at $1,480,458,000 after buying an additional 8,041,798 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of 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 valued at $497,652,000 after buying an additional 5,203,100 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of 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 valued at $776,805,000 after buying an additional 2,362,461 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of Cognizant Technology Solutions Corp. during the second quarter valued at approximately $101,646,000. Finally, Genesis Asset Managers LLP increased its stake in shares of Cognizant Technology Solutions Corp. by 25.9% in the third quarter. Genesis Asset Managers LLP now owns 8,187,200 shares of the information technology service provider’s stock valued at $410,097,000 after buying an additional 1,686,147 shares in the last quarter. Institutional investors own 87.36% 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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