Cognizant Technology Solutions (NASDAQ:CTSH) has been given a $100.00 price objective by investment analysts at Credit Suisse Group in a note issued to investors on Friday. The firm presently has a “buy” rating on the information technology service provider’s stock. Credit Suisse Group’s price target would indicate a potential upside of 31.08% from the stock’s previous close.

A number of other analysts also recently weighed in on CTSH. BMO Capital Markets increased their price objective on Cognizant Technology Solutions from $78.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday. Cowen restated a “buy” rating and issued a $90.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday. Needham & Company LLC increased their price objective on Cognizant Technology Solutions from $90.00 to $100.00 and gave the company a “strong-buy” rating in a report on Thursday. Barclays restated an “overweight” rating and issued a $88.00 price objective (up from $86.00) on shares of Cognizant Technology Solutions in a report on Thursday. Finally, Bank of America increased their price objective on Cognizant Technology Solutions from $86.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cognizant Technology Solutions has a consensus rating of “Buy” and a consensus target price of $84.21.

Cognizant Technology Solutions (CTSH) opened at $76.29 on Friday. The stock has a market cap of $44,984.02, a price-to-earnings ratio of 30.15, a PEG ratio of 1.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.29 and a current ratio of 3.21. Cognizant Technology Solutions has a 1-year low of $57.00 and a 1-year high of $79.28.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share for the quarter, beating 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 return on equity of 0.67% and a negative net margin of 0.50%. Cognizant Technology Solutions’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. research analysts predict that Cognizant Technology Solutions will post 3.97 EPS for the current fiscal year.

In other news, Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $75.44, for a total transaction of $1,886,000.00. Following the transaction, the insider now owns 271,300 shares of the company’s stock, valued at approximately $20,466,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Malcolm Frank sold 9,462 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total transaction of $668,111.82. Following the transaction, the vice president now directly owns 15,533 shares in the company, valued at approximately $1,096,785.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 996,790 shares of company stock valued at $73,331,177. Company insiders own 1.08% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Cognizant Technology Solutions by 3.1% during the 4th quarter. BlackRock Inc. now owns 36,121,482 shares of the information technology service provider’s stock worth $2,565,349,000 after purchasing an additional 1,088,469 shares in the last quarter. Edgewood Management LLC lifted its position in Cognizant Technology Solutions by 9.3% in the 3rd quarter. Edgewood Management LLC now owns 16,915,676 shares of the information technology service provider’s stock valued at $1,227,063,000 after acquiring an additional 1,443,368 shares in the last quarter. Nordea Investment Management AB lifted its position in Cognizant Technology Solutions by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 10,076,020 shares of the information technology service provider’s stock valued at $730,914,000 after acquiring an additional 313,364 shares in the last quarter. Comgest Global Investors S.A.S. lifted its position in Cognizant Technology Solutions by 18.3% in the 4th quarter. Comgest Global Investors S.A.S. now owns 8,774,817 shares of the information technology service provider’s stock valued at $623,188,000 after acquiring an additional 1,358,200 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in Cognizant Technology Solutions by 2.8% in the 4th quarter. Pzena Investment Management LLC now owns 7,119,634 shares of the information technology service provider’s stock valued at $505,636,000 after acquiring an additional 194,583 shares in the last quarter. 86.95% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://theolympiareport.com/2018/02/11/cognizant-technology-solutions-ctsh-given-a-100-00-price-target-at-credit-suisse-group.html.

About Cognizant Technology Solutions

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)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.