Cognizant Technology Solutions Co. (NASDAQ:CTSH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSHGet Free Report) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $80.35.

CTSH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “neutral” rating and issued a $76.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, September 12th. StockNews.com cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Cowen raised their target price on Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird boosted their price target on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st.

View Our Latest Report on CTSH

Insider Buying and Selling at Cognizant Technology Solutions

In related news, CAO John Sunshin Kim sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the completion of the sale, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at approximately $3,126,052.42. This represents a 11.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of Cognizant Technology Solutions

Several hedge funds have recently added to or reduced their stakes in CTSH. Addison Advisors LLC increased its position in Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock worth $26,000 after buying an additional 189 shares during the period. Ashton Thomas Securities LLC bought a new position in Cognizant Technology Solutions during the third quarter worth $30,000. Pinnacle Bancorp Inc. raised its stake in Cognizant Technology Solutions by 47.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Cognizant Technology Solutions by 42.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock valued at $36,000 after purchasing an additional 158 shares during the period. Finally, Eastern Bank acquired a new stake in Cognizant Technology Solutions in the 3rd quarter worth $37,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 0.9 %

CTSH stock opened at $79.20 on Monday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $78.83 and its 200 day simple moving average is $75.46. The stock has a market cap of $39.27 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06. Cognizant Technology Solutions has a fifty-two week low of $63.79 and a fifty-two week high of $82.46.

Cognizant Technology Solutions (NASDAQ:CTSHGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a return on equity of 17.08% and a net margin of 11.60%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cognizant Technology Solutions will post 4.66 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, November 19th. Cognizant Technology Solutions’s payout ratio is 26.55%.

About Cognizant Technology Solutions

(Get Free Report

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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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

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