Cognizant Technology Solutions (NASDAQ:CTSH) has been assigned a $100.00 price target by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the information technology service provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 31.65% from the stock’s current price.

Several other analysts have also issued reports on CTSH. Jefferies Group restated a “buy” rating and set a $81.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Cowen reiterated a “buy” rating and issued a $80.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions in a research report on Thursday, October 12th. Robert W. Baird upped their price target on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Finally, Barclays upped their price target on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Cognizant Technology Solutions currently has a consensus rating of “Buy” and a consensus price target of $84.21.

Shares of Cognizant Technology Solutions (CTSH) traded up $0.80 during midday trading on Friday, reaching $75.96. 585,517 shares of the company traded hands, compared to its average volume of 3,762,052. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.21 and a quick ratio of 3.29. The company has a market capitalization of $44,320.00, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.11. Cognizant Technology Solutions has a 12 month low of $57.00 and a 12 month 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, beating the consensus estimate of $0.88 by $0.15. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.82 billion. Cognizant Technology Solutions had a net margin of 10.15% and a return on equity of 19.94%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. analysts predict that Cognizant Technology Solutions will post 3.94 EPS for the current fiscal year.

In related news, VP Malcolm Frank sold 9,462 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $70.61, for a total transaction of $668,111.82. Following the completion of the transaction, the vice president now owns 15,533 shares in the company, valued at $1,096,785.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Francisco Dsouza sold 482,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total transaction of $34,723,280.00. Following the transaction, the chief executive officer now owns 621,643 shares of the company’s stock, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 961,064 shares of company stock valued at $70,504,403. 1.08% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Gotham Asset Management LLC raised its stake in Cognizant Technology Solutions by 4.3% during the second quarter. Gotham Asset Management LLC now owns 6,565 shares of the information technology service provider’s stock valued at $436,000 after purchasing an additional 269 shares in the last quarter. Tandem Investment Advisors Inc. raised its stake in Cognizant Technology Solutions by 2.5% during the second quarter. Tandem Investment Advisors Inc. now owns 17,359 shares of the information technology service provider’s stock valued at $1,153,000 after purchasing an additional 419 shares in the last quarter. North Star Asset Management Inc. raised its stake in Cognizant Technology Solutions by 0.3% during the second quarter. North Star Asset Management Inc. now owns 167,392 shares of the information technology service provider’s stock valued at $11,115,000 after purchasing an additional 425 shares in the last quarter. WFG Advisors LP raised its stake in Cognizant Technology Solutions by 46.4% during the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after purchasing an additional 621 shares in the last quarter. Finally, Keybank National Association OH raised its stake in Cognizant Technology Solutions by 1.0% during the third quarter. Keybank National Association OH now owns 69,323 shares of the information technology service provider’s stock valued at $5,029,000 after purchasing an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.

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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)

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