1 week Ago By ABMN Staff
Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) had its price objective lifted by JPMorgan Chase & Co. from $82.00 to $89.
00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the information technology service provider’s stock. JPMorgan Chase & Co.
‘s price objective points to a potential upside of 17.35% from the stock’s current price. Several other equities analysts have also recently issued reports on the stock.
The Goldman Sachs Group boosted their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th.
Daiwa America raised Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, August 27th. StockNews.com cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday.
Barclays upped their price target on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd.
Finally, Mizuho reissued a “neutral” rating and set a $82.00 price objective on shares of Cognizant Technology Solutions in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.44.
View Our Latest Report on CTSH Cognizant Technology Solutions Trading Down 1.2 % Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 31st. The information technology service provider reported $1.
17 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05.
The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion.
Cognizant Technology Solutions had a return on equity of 17.31% and a net margin of 11.39%.
The firm’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.
10 earnings per share. On average, analysts forecast that Cognizant Technology Solutions will post 4.62 earnings per share for the current year.
Insider Buying and Selling at Cognizant Technology Solutions In other news, CEO Ravi Kumar Singisetti sold 6,728 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total value of $495,584.
48. Following the completion of the transaction, the chief executive officer now owns 46,427 shares in the company, valued at $3,419,812.82.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 0.26% of the company’s stock.
Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in CTSH. 1620 Investment Advisors Inc. bought a new stake in Cognizant Technology Solutions in the 2nd quarter worth approximately $25,000.
LRI Investments LLC purchased a new position in shares of Cognizant Technology Solutions in the 1st quarter worth $28,000. Spire Wealth Management grew its holdings in shares of Cognizant Technology Solutions by 79.1% in the fourth quarter.
Spire Wealth Management now owns 437 shares of the information technology service provider’s stock worth $34,000 after acquiring an additional 193 shares during the period. Benjamin Edwards Inc. increased its position in Cognizant Technology Solutions by 42.
1% during the second quarter. Benjamin Edwards Inc. now owns 533 shares of the information technology service provider’s stock valued at $36,000 after acquiring an additional 158 shares during the last quarter.
Finally, Neo Ivy Capital Management purchased a new position in Cognizant Technology Solutions in the fourth quarter worth about $40,000. 92.44% of the stock is owned by hedge funds and other institutional investors.
About Cognizant Technology Solutions ( Get Free Report ) Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. Read More Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.
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