2 hours Ago By Defense World Staff
Cognizant Technology Solutions ( NASDAQ:CTSH – Get Free Report ) had its price objective hoisted by UBS Group from $83.00 to $86.00 in a note issued to investors on Monday, Benzinga reports.
The firm currently has a “neutral” rating on the information technology service provider’s stock. UBS Group’s price target points to a potential upside of 2.94% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. TD Cowen increased their price target on shares of Cognizant Technology Solutions from $75.00 to $76.
00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley increased their target price on shares of Cognizant Technology Solutions from $75.00 to $80.
00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Cognizant Technology Solutions from $78.
00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays upgraded Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.
00 to $95.00 in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Cognizant Technology Solutions from $70.
00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Seventeen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.
Based on data from MarketBeat.com, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $81.39.
Check Out Our Latest Analysis on CTSH Cognizant Technology Solutions Stock Up 0.8 % Insider Buying and Selling In related news, CAO John Sunshin Kim sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $80.
11, for a total transaction of $400,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 39,022 shares in the company, valued at $3,126,052.
42. The trade was a 11.36 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 0.26% of the stock is currently owned by insiders.
Institutional Trading of Cognizant Technology Solutions A number of large investors have recently modified their holdings of CTSH. Assenagon Asset Management S.A.
raised its stake in Cognizant Technology Solutions by 276.9% in the third quarter. Assenagon Asset Management S.
A. now owns 1,588,528 shares of the information technology service provider’s stock valued at $122,603,000 after purchasing an additional 1,167,033 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Cognizant Technology Solutions by 146.
9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,723 shares of the information technology service provider’s stock valued at $126,940,000 after buying an additional 978,579 shares in the last quarter. ING Groep NV lifted its holdings in shares of Cognizant Technology Solutions by 61.
5% during the 3rd quarter. ING Groep NV now owns 2,478,364 shares of the information technology service provider’s stock worth $191,280,000 after acquiring an additional 943,372 shares during the last quarter. State Street Corp grew its position in Cognizant Technology Solutions by 3.
6% in the third quarter. State Street Corp now owns 24,985,816 shares of the information technology service provider’s stock worth $1,928,405,000 after acquiring an additional 867,176 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in Cognizant Technology Solutions in the third quarter valued at $61,744,000.
Institutional investors own 92.44% of the company’s stock. 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. Further Reading Five stocks we like better than Cognizant Technology Solutions What is the FTSE 100 index? Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside? What is the Australian Securities Exchange (ASX) 3 Reasons Bulls Will Win on Super Micro Computer Stock 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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