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

A number of other research analysts also recently commented on the company. 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. Vetr downgraded Cognizant Technology Solutions Corp. from a “strong-buy” rating to a “buy” rating and set a $60.28 price target for the company. in a research note on Monday, November 7th. Cantor Fitzgerald set a $68.00 price target on Cognizant Technology Solutions Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Goldman Sachs Group Inc. downgraded Cognizant Technology Solutions Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $68.00 to $61.00 in a research note on Thursday, September 15th. Finally, Zacks Investment Research raised Cognizant Technology Solutions Corp. from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. Cognizant Technology Solutions Corp. has a consensus rating of “Buy” and an average target price of $64.93.

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

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) opened at 55.08 on Tuesday. Cognizant Technology Solutions Corp. has a 52 week low of $45.44 and a 52 week high of $65.25. The company has a market cap of $33.42 billion, a price-to-earnings ratio of 21.52 and a beta of 1.34. The stock has a 50 day moving average of $52.33 and a 200 day moving average of $56.43.

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) last announced its earnings results on Monday, November 7th. The information technology service provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The company earned $3.45 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Cognizant Technology Solutions Corp. had a net margin of 11.78% and a return on equity of 19.42%. Cognizant Technology Solutions Corp.’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities research analysts predict that Cognizant Technology Solutions Corp. will post $3.37 earnings per share for the current fiscal year.

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In related news, CFO Karen Mcloughlin sold 10,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $2,697,519.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Malcolm Frank sold 1,248 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 3,945 shares of the company’s stock, valued at $230,782.50. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CTSH. Schroder Investment Management Group raised its stake in Cognizant Technology Solutions Corp. by 15.6% in the second quarter. Schroder Investment Management Group now owns 4,193,480 shares of the information technology service provider’s stock worth $240,034,000 after buying an additional 564,958 shares during the last quarter. Saratoga Research & Investment Management raised its stake in Cognizant Technology Solutions Corp. by 10.8% in the second quarter. Saratoga Research & Investment Management now owns 455,167 shares of the information technology service provider’s stock worth $26,054,000 after buying an additional 44,205 shares during the last quarter. Provident Trust Co. raised its stake in Cognizant Technology Solutions Corp. by 2.1% in the second quarter. Provident Trust Co. now owns 4,087,880 shares of the information technology service provider’s stock worth $233,990,000 after buying an additional 82,520 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Cognizant Technology Solutions Corp. by 314.6% in the third quarter. BNP Paribas Arbitrage SA now owns 523,833 shares of the information technology service provider’s stock worth $24,992,000 after buying an additional 397,480 shares during the last quarter. Finally, Alta Capital Management LLC raised its stake in Cognizant Technology Solutions Corp. by 5.4% in the third quarter. Alta Capital Management LLC now owns 837,271 shares of the information technology service provider’s stock worth $39,946,000 after buying an additional 42,975 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

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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