Cowen restated their buy rating on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a report published on Thursday. They currently have a $90.00 price objective on the information technology service provider’s stock.

A number of other equities research analysts also recently weighed in on CTSH. BMO Capital Markets boosted their price target on shares of Cognizant Technology Solutions from $78.00 to $86.00 and gave the stock an outperform rating in a research note on Thursday. Needham & Company LLC boosted their price target on shares of Cognizant Technology Solutions from $90.00 to $100.00 and gave the stock a strong-buy rating in a research note on Thursday. SunTrust Banks reissued a buy rating and set a $90.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday. Pivotal Research reissued a buy rating and set a $93.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Cognizant Technology Solutions from a hold rating to a buy rating and set a $82.00 price target for the company in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Cognizant Technology Solutions has an average rating of Buy and an average price target of $84.21.

Shares of Cognizant Technology Solutions (NASDAQ:CTSH) opened at $76.29 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21. The firm has a market cap of $44,984.02, a P/E ratio of 30.15, a P/E/G ratio of 1.54 and a beta of 1.11. Cognizant Technology Solutions has a 12 month low of $57.00 and a 12 month high of $79.28.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.15. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.82 billion. Cognizant Technology Solutions had a negative net margin of 0.50% and a negative return on equity of 0.67%. Cognizant Technology Solutions’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. analysts predict that Cognizant Technology Solutions will post 3.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s payout ratio is currently 23.72%.

In other news, President Rajeev Mehta sold 34,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $79.13, for a total value of $2,690,420.00. Following the completion of the transaction, the president now owns 35,020 shares in the company, valued at $2,771,132.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francisco Dsouza sold 482,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the completion of the transaction, the chief executive officer now owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 996,790 shares of company stock valued at $73,331,177. Corporate insiders own 1.08% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. boosted its holdings in shares of Cognizant Technology Solutions by 108.8% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 1,512 shares of the information technology service provider’s stock valued at $107,000 after buying an additional 788 shares during the period. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $107,000. Bank of Nova Scotia Trust Co. acquired a new position in shares of Cognizant Technology Solutions in the third quarter valued at approximately $121,000. Cerebellum GP LLC acquired a new position in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $128,000. Finally, WFG Advisors LP boosted its holdings in shares of Cognizant Technology Solutions by 46.4% in the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after buying an additional 621 shares during the period. Institutional investors own 86.95% of the company’s stock.

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Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

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