Cognizant Technology Solutions Corp (NASDAQ:CTSH) had its target price increased by stock analysts at BMO Capital Markets from $76.00 to $78.00 in a research report issued on Thursday. The brokerage currently has an “outperform” rating on the information technology service provider’s stock. BMO Capital Markets’ price target points to a potential upside of 5.02% from the company’s previous close.

A number of other brokerages have also weighed in on CTSH. Credit Suisse Group restated an “outperform” rating and issued a $89.00 target price (up from $80.00) on shares of Cognizant Technology Solutions Corp in a research note on Thursday. William Blair upgraded Cognizant Technology Solutions Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Needham & Company LLC upgraded Cognizant Technology Solutions Corp from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $78.00 to $90.00 in a research note on Wednesday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $80.00 target price on shares of Cognizant Technology Solutions Corp in a research note on Wednesday. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $78.00 target price on shares of Cognizant Technology Solutions Corp in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Cognizant Technology Solutions Corp has an average rating of “Buy” and a consensus price target of $80.71.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded down $0.09 during midday trading on Thursday, hitting $74.27. The company’s stock had a trading volume of 3,736,365 shares, compared to its average volume of 3,109,979. The company has a market capitalization of $43,865.50, a PE ratio of 22.17, a PEG ratio of 1.70 and a beta of 1.10. Cognizant Technology Solutions Corp has a 12 month low of $51.35 and a 12 month high of $76.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.35 and a current ratio of 3.29.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions Corp had a return on equity of 18.50% and a net margin of 13.12%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. equities analysts forecast that Cognizant Technology Solutions Corp will post 3.31 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/cognizant-technology-solutions-corp-ctsh-pt-raised-to-78-00-at-bmo-capital-markets/1681170.html.

In related news, insider Sumithra Gomatam sold 3,163 shares of Cognizant Technology Solutions Corp stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $76.00, for a total value of $240,388.00. Following the completion of the sale, the insider now directly owns 6,346 shares in the company, valued at $482,296. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Allen Shaheen sold 442 shares of Cognizant Technology Solutions Corp stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $70.58, for a total value of $31,196.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 281,758 shares of company stock valued at $20,158,801. Corporate insiders own 1.08% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Advisors Inc. boosted its holdings in Cognizant Technology Solutions Corp by 0.3% during the second quarter. Cornerstone Advisors Inc. now owns 3,633 shares of the information technology service provider’s stock worth $241,000 after buying an additional 11 shares during the last quarter. First Capital Advisors Group LLC. boosted its holdings in Cognizant Technology Solutions Corp by 0.9% during the second quarter. First Capital Advisors Group LLC. now owns 3,676 shares of the information technology service provider’s stock worth $244,000 after buying an additional 32 shares during the last quarter. Comerica Securities Inc. boosted its holdings in Cognizant Technology Solutions Corp by 0.4% during the second quarter. Comerica Securities Inc. now owns 7,810 shares of the information technology service provider’s stock worth $519,000 after buying an additional 32 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Cognizant Technology Solutions Corp by 0.5% during the second quarter. CENTRAL TRUST Co now owns 6,403 shares of the information technology service provider’s stock worth $425,000 after buying an additional 35 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in Cognizant Technology Solutions Corp by 1.0% during the second quarter. CWA Asset Management Group LLC now owns 5,717 shares of the information technology service provider’s stock worth $380,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 87.35% of the company’s stock.

Cognizant Technology Solutions Corp 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 Corp (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.