Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Get Free Report) have been given an average rating of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $76.44.
A number of brokerages recently commented on CTSH. Citigroup lowered their price objective on shares of Cognizant Technology Solutions from $90.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday. Evercore ISI lifted their target price on shares of Cognizant Technology Solutions from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Wedbush lifted their target price on shares of Cognizant Technology Solutions from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, December 26th. Societe Generale reiterated a “sell” rating and issued a $67.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, January 5th. Finally, Jefferies Financial Group upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $85.00 in a research note on Thursday, January 11th.
Read Our Latest Report on CTSH
Insider Buying and Selling at Cognizant Technology Solutions
Institutional Trading of Cognizant Technology Solutions
A number of hedge funds have recently bought and sold shares of the stock. BSW Wealth Partners boosted its holdings in Cognizant Technology Solutions by 47.1% in the 1st quarter. BSW Wealth Partners now owns 3,965 shares of the information technology service provider’s stock valued at $291,000 after purchasing an additional 1,270 shares during the period. Summit Trail Advisors LLC boosted its holdings in Cognizant Technology Solutions by 39.3% in the 1st quarter. Summit Trail Advisors LLC now owns 9,730 shares of the information technology service provider’s stock valued at $713,000 after purchasing an additional 2,744 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Cognizant Technology Solutions by 3.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 40,040 shares of the information technology service provider’s stock valued at $2,935,000 after purchasing an additional 1,220 shares during the period. Parsons Capital Management Inc. RI boosted its holdings in Cognizant Technology Solutions by 34.5% in the 1st quarter. Parsons Capital Management Inc. RI now owns 9,980 shares of the information technology service provider’s stock valued at $731,000 after purchasing an additional 2,561 shares during the period. Finally, Hendershot Investments Inc. raised its stake in shares of Cognizant Technology Solutions by 1.7% in the 1st quarter. Hendershot Investments Inc. now owns 219,582 shares of the information technology service provider’s stock valued at $16,093,000 after buying an additional 3,766 shares in the last quarter. 92.44% of the stock is owned by institutional investors.
Cognizant Technology Solutions Stock Performance
Shares of CTSH opened at $67.77 on Wednesday. The company’s 50 day moving average price is $74.13 and its 200 day moving average price is $72.58. Cognizant Technology Solutions has a 52 week low of $58.09 and a 52 week high of $80.09. The company has a market capitalization of $33.74 billion, a PE ratio of 16.14, a PEG ratio of 1.54 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.25 and a current ratio of 2.25.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The information technology service provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.14. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 17.83%. The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Research analysts expect that Cognizant Technology Solutions will post 4.59 EPS for the current fiscal year.
Cognizant Technology Solutions Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, February 16th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.57%.
Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.
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