Media coverage about Cognizant Technology Solutions (NASDAQ:CTSH) has been trending positive on Thursday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cognizant Technology Solutions earned a daily sentiment score of 3.00 on their scale. InfoTrie also gave news articles about the information technology service provider an news buzz score of 5 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near term.

Shares of CTSH stock opened at $70.02 on Thursday. Cognizant Technology Solutions has a 12-month low of $65.14 and a 12-month high of $85.10. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $40.54 billion, a PE ratio of 19.84, a PEG ratio of 1.51 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Tuesday, October 30th. The information technology service provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.06. Cognizant Technology Solutions had a return on equity of 22.54% and a net margin of 9.07%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts predict that Cognizant Technology Solutions will post 4.18 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were issued a $0.20 dividend. The ex-dividend date was Monday, November 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 22.66%.

Several equities analysts recently weighed in on the company. Bank of America downgraded Cognizant Technology Solutions from a “buy” rating to an “underperform” rating and lowered their target price for the company from $91.00 to $81.00 in a research report on Tuesday, September 4th. HSBC upgraded Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Moffett Nathanson started coverage on Cognizant Technology Solutions in a research report on Thursday, October 4th. They issued a “neutral” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. downgraded Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research report on Tuesday, August 14th. Finally, Cowen downgraded Cognizant Technology Solutions from an “outperform” rating to a “market perform” rating and set a $67.98 price objective on the stock. in a research report on Sunday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $82.34.

In other news, EVP James Patrick Lennox sold 744 shares of Cognizant Technology Solutions stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $76.68, for a total value of $57,049.92. Following the sale, the executive vice president now directly owns 5,920 shares of the company’s stock, valued at $453,945.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gajakarnan Vibushanan Kandiah sold 665 shares of Cognizant Technology Solutions stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $77.60, for a total value of $51,604.00. Following the completion of the sale, the insider now directly owns 14,683 shares in the company, valued at $1,139,400.80. The disclosure for this sale can be found here. Insiders sold 8,191 shares of company stock worth $584,802 over the last ninety days. Insiders own 0.60% of the company’s stock.

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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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