Cognizant Technology Solutions Corp (NASDAQ:CTSH) has been given an average rating of “Buy” by the twenty-eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $84.87.

Several brokerages have weighed in on CTSH. KeyCorp dropped their price objective on Cognizant Technology Solutions from $91.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, August 3rd. Wolfe Research began coverage on Cognizant Technology Solutions in a report on Tuesday, July 17th. They issued a “market perform” rating for the company. BidaskClub cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. HSBC raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research cut Cognizant Technology Solutions from a “hold” rating to a “sell” rating in a report on Monday, July 9th.

NASDAQ:CTSH traded down $0.10 during mid-day trading on Friday, hitting $76.69. 169,612 shares of the stock were exchanged, compared to its average volume of 2,986,075. The stock has a market cap of $44.57 billion, a P/E ratio of 21.77, a PEG ratio of 1.41 and a beta of 0.94. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.06. Cognizant Technology Solutions has a fifty-two week low of $69.69 and a fifty-two week high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Cognizant Technology Solutions had a return on equity of 21.66% and a net margin of 9.37%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. sell-side analysts forecast that Cognizant Technology Solutions will post 4.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 22.66%.

In other news, insider Sean Middleton sold 439 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $76.28, for a total transaction of $33,486.92. Following the completion of the transaction, the insider now owns 5,135 shares of the company’s stock, valued at approximately $391,697.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Friedrich sold 447 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $76.29, for a total value of $34,101.63. The disclosure for this sale can be found here. Insiders have sold a total of 55,238 shares of company stock valued at $4,264,970 in the last three months. 0.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CTSH. American Century Companies Inc. raised its holdings in shares of Cognizant Technology Solutions by 5.8% during the 1st quarter. American Century Companies Inc. now owns 64,455 shares of the information technology service provider’s stock worth $5,189,000 after buying an additional 3,543 shares in the last quarter. Cetera Advisor Networks LLC grew its position in Cognizant Technology Solutions by 24.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,907 shares of the information technology service provider’s stock worth $394,000 after acquiring an additional 969 shares during the last quarter. Federated Investors Inc. PA grew its position in Cognizant Technology Solutions by 2.4% during the 1st quarter. Federated Investors Inc. PA now owns 29,089 shares of the information technology service provider’s stock worth $2,341,000 after acquiring an additional 673 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Cognizant Technology Solutions by 16.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 59,199 shares of the information technology service provider’s stock worth $4,766,000 after acquiring an additional 8,568 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in Cognizant Technology Solutions by 4.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 46,026 shares of the information technology service provider’s stock worth $3,705,000 after acquiring an additional 2,049 shares during the last quarter. 87.87% of the stock is owned by institutional investors.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services.

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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

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