Cognizant Technology Solutions (CTSH) Earns “Buy” Rating from BMO Capital Markets

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “buy” rating restated by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $85.00 target price on the information technology service provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 10.59% from the company’s current price.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Credit Suisse Group set a $95.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a report on Tuesday, May 8th. Morgan Stanley decreased their price objective on shares of Cognizant Technology Solutions to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, May 8th. Pivotal Research reaffirmed a “buy” rating and set a $91.00 price objective on shares of Cognizant Technology Solutions in a report on Monday, May 7th. Finally, Wolfe Research initiated coverage on shares of Cognizant Technology Solutions in a report on Tuesday, July 17th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $86.05.

Shares of Cognizant Technology Solutions traded down $5.23, hitting $76.86, during trading hours on Thursday, according to MarketBeat Ratings. 12,197,200 shares of the stock were exchanged, compared to its average volume of 3,569,045. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $47.75 billion, a P/E ratio of 21.77, a P/E/G ratio of 1.48 and a beta of 0.94. Cognizant Technology Solutions has a one year low of $67.72 and a one year high of $85.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Thursday, August 2nd. The information technology service provider reported $1.19 earnings per share (EPS) 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 the consensus estimate of $4.03 billion. Cognizant Technology Solutions had a net margin of 9.67% and a return on equity of 20.48%. Cognizant Technology Solutions’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. equities research analysts forecast that Cognizant Technology Solutions will post 4.16 EPS for the current fiscal year.

In other news, VP Malcolm Frank sold 1,111 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $76.86, for a total transaction of $85,391.46. Following the completion of the transaction, the vice president now directly owns 17,277 shares of the company’s stock, valued at approximately $1,327,910.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gajakarnan Vibushanan Kandiah sold 1,200 shares of the firm’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $76.87, for a total transaction of $92,244.00. Following the transaction, the insider now directly owns 12,861 shares of the company’s stock, valued at $988,625.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,395 shares of company stock valued at $2,714,873. Insiders own 0.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp bought a new position in shares of Cognizant Technology Solutions during the 1st quarter worth about $6,665,000. Millennium Management LLC lifted its holdings in shares of Cognizant Technology Solutions by 8.3% during the 1st quarter. Millennium Management LLC now owns 1,638,312 shares of the information technology service provider’s stock worth $131,884,000 after acquiring an additional 126,235 shares during the period. Busey Trust CO lifted its holdings in shares of Cognizant Technology Solutions by 4.4% during the 2nd quarter. Busey Trust CO now owns 91,236 shares of the information technology service provider’s stock worth $7,207,000 after acquiring an additional 3,820 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Cognizant Technology Solutions by 35.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,263,307 shares of the information technology service provider’s stock worth $101,696,000 after acquiring an additional 330,886 shares during the period. Finally, Buckingham Capital Management Inc. lifted its holdings in shares of Cognizant Technology Solutions by 6.1% during the 1st quarter. Buckingham Capital Management Inc. now owns 16,415 shares of the information technology service provider’s stock worth $1,321,000 after acquiring an additional 941 shares during the period. 87.70% of the stock is owned by institutional investors.

Cognizant Technology Solutions Company Profile

The Ledger Gazette

window._wpemojiSettings = {“baseUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/2.4\/72×72\/”,”ext”:”.png”,”svgUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/2.4\/svg\/”,”svgExt”:”.svg”,”source”:{“concatemoji”:”https:\/\/ledgergazette.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=4.9.7″}};
!function(a,b,c){function d(a,b){var c=String.fromCharCode;l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,a),0,0);var d=k.toDataURL();l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,b),0,0);var e=k.toDataURL();return d===e}function e(a){var b;if(!l||!l.fillText)return!1;switch(l.textBaseline=”top”,l.font=”600 32px Arial”,a){case”flag”:return!(b=d([55356,56826,55356,56819],[55356,56826,8203,55356,56819]))&&(b=d([55356,57332,56128,56423,56128,56418,56128,56421,56128,56430,56128,56423,56128,56447],[55356,57332,8203,56128,56423,8203,56128,56418,8203,56128,56421,8203,56128,56430,8203,56128,56423,8203,56128,56447]),!b);case”emoji”:return b=d([55357,56692,8205,9792,65039],[55357,56692,8203,9792,65039]),!b}return!1}function f(a){var c=b.createElement(“script”);c.src=a,c.defer=c.type=”text/javascript”,b.getElementsByTagName(“head”)[0].appendChild(c)}var g,h,i,j,k=b.createElement(“canvas”),l=k.getContext&&k.getContext(“2d”);for(j=Array(“flag”,”emoji”),c.supports={everything:!0,everythingExceptFlag:!0},i=0;i .copyrights {background-color:#FFFFFF;}

nav a#pull,.flex-direction-nav li a,#top-navigation li:hover a, #header nav#top-navigation ul ul li,#navigation .menu,#move-to-top,.mts-subscribe input[type=’submit’],input[type=’submit’],#commentform input#submit,.contactform #submit,.pagination a,.fs-pagination a,.header-search .ajax-search-results-container,#load-posts a,#fs2_load_more_button,.dark-style .post-data,#wp-calendar td a,#wp-calendar caption,#wp-calendar #prev a:before,#wp-calendar #next a:before, .tagcloud a, #tags-tab-content a {background: #081a36;}
.slider1 .vertical-small .post-data:after,.featured-section-1-1 .vertical-small .post-data:after,.featured-section-2-1 .vertical-small .post-data:after,.dark-style.vertical-small .post-data:after {border-color: #081a36 transparent;}
#footer-post-carousel .post-data:after{border-color: transparent #081a36;}
.header-search #s,nav a.toggle-mobile-menu,#mobile-menu-wrapper,.tab_widget ul.wps_tabs li,#top-navigation .menu ul .current-menu-item > a {background: #081a36 !important;}
.pace .pace-progress,.mts-subscribe input[type=’submit’]:hover,#mobile-menu-wrapper ul li a:hover,.breadcrumb .root a,input[type=’submit’]:hover,#commentform input#submit:hover,.contactform #submit:hover,.flex-direction-nav li a:hover,#move-to-top:hover,.ajax-search-meta .results-link:hover,#navigation li:hover a,#header nav#navigation ul ul li,.header-search .fa-search.active,.widget_nav_menu .menu-item a:hover,.tagcloud a:hover, #tags-tab-content a:hover,.readMore a:hover,.thecategory a,.post-box .review-total-only,.pagination a:hover,#load-posts a:hover, #fs2_load_more_button:hover,.fs-filter-navigation a:hover,.fs-filter-navigation a.current,.slidertitle a,.active > a > .menu-caret,#wp-calendar td a:hover,#wp-calendar #today,#wp-calendar #prev:hover a:before,#wp-calendar #next:hover a:before, #searchsubmit {background: #1ba54a;}
.home .menu .home-menu-item a,.menu .current-menu-item > a,.widget_wpt .tab_title.selected a,.widget_wp_review_tab .tab_title.selected a {background: #1ba54a !important;}
#wp-calendar thead th.today {border-bottom-color: #1ba54a;}

a:hover,.title a:hover,.post-data .post-title:hover,.post-title a:hover,.post-info a:hover,.entry-content a,.textwidget a,.reply a,.comm,.fn a,.comment-reply-link, .entry-content .singleleft a:hover {color:#1ba54a;}
.post-box .review-total-only .review-result-wrapper .review-result i {color:#1ba54a !important;}

.shareit { top: 415px; left: auto; z-index: 0; margin: 0 0 0 -120px; width: 90px; position: fixed; overflow: hidden; padding: 5px; border:none; border-right: 0;}
.share-item {margin: 2px;}

.bypostauthor:after { content: “Author”; position: absolute; right: 0px; top: 0px; padding: 0px 10px; background: #444; color: #FFF; }

.post-single-content-inner { width: 100%; }
.header-inner {
width: 100%;
height: 100%;
display: table;
padding: 1% 0;
}
#header {
float: left;
margin: 0;
padding: 0 0 10px;
position: relative;
width: 100%;
z-index: initial;
}
#header p { margin-bottom: 0; }
#page {
clear: both;
display: inline-block;
float: none;
min-height: 100px;
padding-top: 5px;
width: 100%;
}

/*

.menu li, .menu li a { font-family: ‘Roboto’; font-weight: normal; font-size: 15px; color: #FFFFFF; }
body { font-family: ‘Roboto’; font-weight: normal; font-size: 15px; color: #444444; }
#sidebars .widget { font-family: ‘Roboto’; font-weight: normal; font-size: 15px; color: #444444; }
.footer-widgets { font-family: ‘Roboto’; font-weight: normal; font-size: 15px; color: #444444; }
h1 { font-family: ‘Roboto’; font-weight: 700; font-size: 30px; color: #444444; }
h2 { font-family: ‘Roboto’; font-weight: 700; font-size: 25px; color: #444444; }
h3 { font-family: ‘Roboto’; font-weight: 700; font-size: 20px; color: #444444; }
h4 { font-family: ‘Roboto’; font-weight: 700; font-size: 18px; color: #444444; }
h5 { font-family: ‘Roboto’; font-weight: 700; font-size: 15px; color: #444444; }
h6 { font-family: ‘Roboto’; font-weight: 700; font-size: 13px; color: #444444; }
.post-data .post-title { font-family: ‘Roboto’; font-weight: 700; font-size: 15px; color: #444444; }
.hentry .entry-title { font-family: ‘Roboto’; font-weight: 700; font-size: 25px; color: #444444; }
.post-day { font-family: ‘Roboto’; font-weight: 300; font-size: 80px; color: #FFFFFF; }

document.documentElement.className = document.documentElement.className.replace(/\bno-js\b/,’js’); .recentcomments a{display:inline !important;padding:0 !important;margin:0 !important;}

Menu
Business
Health
Science
Technology
About/Contact
Privacy Policy
Staff

Latest Articles

Did Homo Sapiens Develop An Ecological Niche that Outlasted Other

Science
July 31, 2018
0
Nvd3u2XDwX

Mounting archaeological and palaeoenvironmental datasets of the Middle and Late Pleistocene have recently critical reviews and now determine that the dispersal of hominins both within and beyond Africa actually demonstrate unique environmental settings and adaptations …

Continue

What is A Scutoid and How Does it Affect You?

Science
July 31, 2018
0
Nvd3u2XDwX

Scientists are always making remarkable discoveries, but it is not that often these discoveries are already a part of our everyday lives; literally.

Featured Article: Diversification For Individual Investors

Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

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.com's FREE daily email newsletter.

Leave a Reply