Cognizant Technology Solutions (NASDAQ:CTSH) had its price target lifted by BMO Capital Markets from $78.00 to $86.00 in a research report sent to investors on Thursday. They currently have an outperform rating on the information technology service provider’s stock.

CTSH has been the topic of a number of other reports. Vetr raised Cognizant Technology Solutions from a hold rating to a strong-buy rating and set a $95.56 target price on the stock in a research report on Wednesday, November 29th. Zacks Investment Research lowered Cognizant Technology Solutions from a buy rating to a hold rating in a research report on Friday, January 12th. BidaskClub lowered Cognizant Technology Solutions from a buy rating to a hold rating in a research report on Tuesday, December 5th. Needham & Company LLC raised Cognizant Technology Solutions from a buy rating to a strong-buy rating and upped their price target for the company from $78.00 to $90.00 in a research report on Wednesday, November 1st. Finally, William Blair raised Cognizant Technology Solutions from a market perform rating to an outperform rating in a research report on Wednesday, November 1st. Six investment 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. The stock presently 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 stock has a market capitalization of $44,980.00, a price-to-earnings ratio of 30.27, a PEG ratio of 1.54 and a beta of 1.11. The company has a current ratio of 3.21, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions has a 52-week low of $57.00 and a 52-week high of $79.28.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates 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 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 earned $0.87 earnings per share. research analysts anticipate that Cognizant Technology Solutions will post 3.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be paid a $0.20 dividend. 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 an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s payout ratio is 23.81%.

In other Cognizant Technology Solutions news, President Rajeev Mehta sold 34,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $79.13, for a total value of $2,690,420.00. Following the transaction, the president now owns 35,020 shares in the company, valued at $2,771,132.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Malcolm Frank sold 9,462 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $70.61, for a total value of $668,111.82. Following the completion of the transaction, the vice president now owns 15,533 shares in the company, valued at approximately $1,096,785.13. The disclosure for this sale can be found here. Insiders sold 994,079 shares of company stock worth $73,129,749 in the last 90 days. Corporate insiders own 1.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Linscomb & Williams Inc. bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth about $278,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Cognizant Technology Solutions by 45.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 143,385 shares of the information technology service provider’s stock worth $10,401,000 after acquiring an additional 44,982 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of Cognizant Technology Solutions during the 3rd quarter worth about $12,538,000. Tandem Investment Advisors Inc. boosted its stake in shares of Cognizant Technology Solutions by 164.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 42,030 shares of the information technology service provider’s stock worth $2,985,000 after acquiring an additional 26,111 shares in the last quarter. Finally, AXA boosted its stake in shares of Cognizant Technology Solutions by 11.3% during the 3rd quarter. AXA now owns 371,160 shares of the information technology service provider’s stock worth $26,924,000 after acquiring an additional 37,600 shares in the last quarter. Hedge funds and other 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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