Cognizant Technology Solutions Corporation (NASDAQ:CTSH) received a $80.00 price target from research analysts at Credit Suisse Group in a research report issued on Friday. The firm presently has a “buy” rating on the information technology service provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 14.96% from the company’s current price. The analysts noted that the move was a valuation call.

Several other analysts have also commented on the company. SunTrust Banks, Inc. raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, April 13th. Morgan Stanley lifted their price objective on Cognizant Technology Solutions Corporation from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Needham & Company LLC lifted their price objective on Cognizant Technology Solutions Corporation from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Vetr raised Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating and set a $67.50 price objective for the company in a report on Friday, April 14th. Finally, Robert W. Baird lifted their price objective on Cognizant Technology Solutions Corporation from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $66.50.

Shares of Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded down 2.23% on Friday, reaching $69.59. The company’s stock had a trading volume of 4,173,735 shares. The stock has a 50-day moving average of $67.94 and a 200 day moving average of $62.02. Cognizant Technology Solutions Corporation has a 52-week low of $45.44 and a 52-week high of $71.17. The company has a market cap of $40.99 billion, a price-to-earnings ratio of 25.31 and a beta of 1.17.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last issued its quarterly earnings data on Thursday, August 3rd. The information technology service provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Cognizant Technology Solutions Corporation had a return on equity of 18.72% and a net margin of 13.36%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. Cognizant Technology Solutions Corporation’s revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Cognizant Technology Solutions Corporation will post $3.68 earnings per share for the current year.

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In related news, insider Debashis Chatterjee sold 3,452 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $69.50, for a total value of $239,914.00. Following the sale, the insider now directly owns 42,628 shares in the company, valued at $2,962,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gajakarnan Vibushanan Kandiah sold 4,999 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $69.50, for a total value of $347,430.50. Following the completion of the sale, the insider now owns 10,515 shares in the company, valued at $730,792.50. The disclosure for this sale can be found here. Insiders sold 51,783 shares of company stock worth $3,472,615 over the last quarter. 1.08% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of CTSH. Private Trust Co. NA purchased a new stake in Cognizant Technology Solutions Corporation during the first quarter worth approximately $600,000. Farmers Trust Co. increased its stake in Cognizant Technology Solutions Corporation by 0.6% in the first quarter. Farmers Trust Co. now owns 47,027 shares of the information technology service provider’s stock worth $2,799,000 after buying an additional 260 shares in the last quarter. First National Bank of Omaha increased its stake in Cognizant Technology Solutions Corporation by 304.8% in the first quarter. First National Bank of Omaha now owns 78,419 shares of the information technology service provider’s stock worth $4,617,000 after buying an additional 59,049 shares in the last quarter. Regentatlantic Capital LLC increased its stake in Cognizant Technology Solutions Corporation by 7.9% in the first quarter. Regentatlantic Capital LLC now owns 11,718 shares of the information technology service provider’s stock worth $697,000 after buying an additional 861 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new stake in Cognizant Technology Solutions Corporation during the first quarter worth approximately $524,000. Institutional investors own 89.21% of the company’s stock.

Cognizant Technology Solutions Corporation 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 Corporation (NASDAQ:CTSH)

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