Cognizant Technology Solutions Co. (NASDAQ:CTSH) Given Consensus Rating of “Moderate Buy” by Brokerages


Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSHGet Rating) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $92.77.

CTSH has been the subject of a number of analyst reports. Cowen reduced their price objective on shares of Cognizant Technology Solutions from $98.00 to $95.00 in a research note on Monday, May 9th. Citigroup reduced their price objective on shares of Cognizant Technology Solutions from $95.00 to $88.00 in a research note on Thursday, May 5th. Cowen cut their target price on shares of Cognizant Technology Solutions from $98.00 to $95.00 in a research note on Monday, May 9th. Finally, StockNews.com cut shares of Cognizant Technology Solutions from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 11th.

CTSH stock opened at $68.02 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.37 and a beta of 1.10. Cognizant Technology Solutions has a 12 month low of $65.24 and a 12 month high of $93.47. The firm has a 50 day moving average of $72.15 and a two-hundred day moving average of $82.12.

Cognizant Technology Solutions (NASDAQ:CTSHGet Rating) last posted its earnings results on Wednesday, May 4th. The information technology service provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.83 billion. Cognizant Technology Solutions had a net margin of 11.59% and a return on equity of 19.07%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, research analysts expect that Cognizant Technology Solutions will post 4.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, May 19th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 25.90%.

In other news, Director Michael Patsalos-Fox sold 5,687 shares of the company’s stock in a transaction dated 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Stafford sold 5,867 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was 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 directly owns 5,872 shares in the company, valued at approximately $453,553.28. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Advisory LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter valued at about $27,000. Hardy Reed LLC acquired a new position in Cognizant Technology Solutions during the 1st quarter valued at about $27,000. MV Capital Management Inc. lifted its position in Cognizant Technology Solutions by 94.8% during the 4th quarter. MV Capital Management Inc. now owns 302 shares of the information technology service provider’s stock valued at $27,000 after purchasing an additional 147 shares during the period. Fieldpoint Private Securities LLC lifted its position in Cognizant Technology Solutions by 475.4% during the 4th quarter. Fieldpoint Private Securities LLC now owns 397 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Cognizant Technology Solutions by 1,433.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 460 shares of the information technology service provider’s stock valued at $41,000 after purchasing an additional 430 shares during the period. Institutional investors own 90.73% of the company’s stock.

About Cognizant Technology Solutions (Get Rating)

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; Healthcare; Products and Resources; and Communications, Media and Technology.

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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)



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