Cognizant Technology Solutions Co. (NASDAQ:CTSH) At an average rating of “Hold” by brokerages

Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Receive Rating ) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $81.91.

CTSH has been the subject of a number of research reports. StockNews.com lowered shares of Cognizant Technology Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 11th. Barclays reduced their price objective on shares of Cognizant Technology Solutions from $80.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 19th. JPMorgan Chase & Co. downgraded shares of Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and cut their target price for the company from $82.00 to $77.00 in a research report on Thursday. Susquehanna Bancshares reduced their target price on shares of Cognizant Technology Solutions from $100.00 to $98.00 in a research report on Thursday. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Cognizant Technology Solutions in a research report on Tuesday, July 26th.

Cognizant Technology Solutions Stock Performance

advertisement Oxford Club

These NEW Electric Vehicle Stocks Could Help Fund Your Retirement

His car is faster than supercars like Ferrari’s F8, McLaren’s 720S and Porsche’s 911 Turbo. And yet it is 100% electric. Click here to discover the new $25 startup that could be the next EV giant.

Shares of CTSH stock opened at $67.96 on Monday. The company’s 50-day moving average is $69.18 and its 200-day moving average is $79.57. Cognizant Technology Solutions has a 52-week low of $63.26 and a 52-week high of $93.47. The company has a market cap of $35.42 billion, a PE ratio of 16.30, a PEG ratio of 1.37 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a quick earnings ratio of 2.22, and a current ratio of 2.22.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Rating ) last issued its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Cognizant Technology Solutions had a net margin of 11.59% and a return on equity of 19.07%. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the company earned $0.99 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts expect that Cognizant Technology Solutions will post 4.5 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Friday, August 19th will be given a $0.27 dividend. This represents an annualized dividend of $1.08 and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 25.90%.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, Executive Vice President Andrew J. Stafford sold 5,867 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $77.24, for a total transaction of $453,167.08. Following the completion of the sale, the executive vice president now owns 5,872 shares in the company, valued at $453,553.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Andrew J. Stafford sold 5,867 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $77.24, for a total transaction of $453,167.08. Following the completion of the sale, the executive vice president now owns 5,872 shares in the company, valued at $453,553.28. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Also, Director Michael Patsalos-Fox sold 5,687 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $74.40, for a total value of $423,112.80. Following the sale, the director now owns 57,534 shares of the company’s stock, valued at approximately $4,280,529.60. Disclosure of this sale can be found here. Insiders own 0.34% of the company’s stock.

Hedge funds weigh in on savvy technology solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its stake in Cognizant Technology Solutions by 4.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,007 shares of the information technology services provider’s stock valued at $266,000 after purchasing an additional 124 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Cognizant Technology Solutions by 29.4% in the first quarter. Park Avenue Securities LLC now owns 6,911 shares of the information technology services provider’s stock valued at $620,000 after purchasing an additional 1,572 shares in the last quarter. JJJ Advisors Inc. raised its position in Cognizant Technology Solutions by 7.2% in the first quarter. JJJ Advisors Inc. now owns 3,783 shares of the information technology services provider’s stock valued at $340,000 after buying an additional 254 shares during the period. Ascent Group LLC bought a new stake in Cognizant Technology Solutions in the fourth quarter valued at approximately $600,000. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Cognizant Technology Solutions by 80.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 106,535 shares of the information technology services provider’s stock valued at $9,452,000 after buying an additional 47,359 shares during the last quarter. 90.73% of the shares are currently owned by institutional investors.

About Cognizant Technology Solutions

(Get Rating)

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology services and outsourcing services in North America, Europe and internationally. It operates in four segments: Financial Services; Healthcare; Products and Resources; and communications, media and technology.

Read more

Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1000 in Cognizant Technology Solutions right now?

Before you consider Cognizant Technology Solutions, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes a nosedive … and Cognizant Technology Solutions wasn’t on the list.

While Cognizant Technology Solutions currently has a “Hold” rating among analysts, the top-rated analysts think these five stocks are better buys.

See the 5 stocks here

Leave a Comment