A number of firms have modified their ratings and price targets on shares of Cognizant Technology Solutions Corporation (NASDAQ: CTSH) recently:

  • 11/8/2017 – Cognizant Technology Solutions Corporation is now covered by analysts at Pivotal Research. They set a “buy” rating and a $93.00 price target on the stock.
  • 11/7/2017 – Cognizant Technology Solutions Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognizant reported strong third quarter 2017 results wherein earnings beat the Zacks Consensus Estimate while revenues came in line. On a year over year basis, both metrics registered strong growth which can be attributed to significant exposure to the fast-growing verticals like Financial Services and Healthcare. Cognizant raised the lower end of its revenue guidance for 2017, which reflects improved visibility. Moreover, the company raised its earnings guidance. We believe that the results and the guidance indicate the company’s ability to harness the ongoing digital transition. The company is also significantly benefiting from accretive acquisitions. The extensive share repurchase program is another positive. Cognizant has also gained deep industry expertise and knowledge of the domains through partnerships with top firms like Microsoft and SAP.  However, stiff competition in the IT services market remians a concern.”
  • 11/3/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $85.00 price target on the stock.
  • 11/2/2017 – Cognizant Technology Solutions Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $89.00 price target on the stock, up previously from $80.00.
  • 11/2/2017 – Cognizant Technology Solutions Corporation had its price target raised by analysts at Sanford C. Bernstein from $84.00 to $90.00. They now have an “outperform” rating on the stock.
  • 11/2/2017 – Cognizant Technology Solutions Corporation had its price target raised by analysts at Morgan Stanley from $74.00 to $77.00. They now have an “equal weight” rating on the stock.
  • 11/2/2017 – Cognizant Technology Solutions Corporation had its price target raised by analysts at BMO Capital Markets from $76.00 to $78.00. They now have an “outperform” rating on the stock.
  • 11/1/2017 – Cognizant Technology Solutions Corporation was upgraded by analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating. They now have a $90.00 price target on the stock, up previously from $78.00.
  • 11/1/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $78.00 price target on the stock.
  • 11/1/2017 – Cognizant Technology Solutions Corporation was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
  • 11/1/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $80.00 price target on the stock.
  • 10/31/2017 – Cognizant Technology Solutions Corporation had its price target raised by analysts at Citigroup Inc. from $73.00 to $75.00. They now have a “neutral” rating on the stock.
  • 10/30/2017 – Cognizant Technology Solutions Corporation had its price target raised by analysts at Barclays PLC from $80.00 to $90.00. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/19/2017 – Cognizant Technology Solutions Corporation had its price target raised by analysts at Robert W. Baird from $80.00 to $90.00. They now have an “outperform” rating on the stock.
  • 10/12/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $80.00 price target on the stock.
  • 10/12/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $79.00 price target on the stock.
  • 10/12/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $81.00 price target on the stock.
  • 10/10/2017 – Cognizant Technology Solutions Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $82.00 price target on the stock. According to Zacks, “Cognizant's strong growth can be attributed to its significant exposure to the fast-growing verticals like Financial Services and Healthcare. The company narrowed its top-line guidance for 2017, which reflects improved visibility. Moreover, the company raised its earnings guidance. We believe that the results and the guidance indicate the company’s ability in harnessing the ongoing digital transition. The company is significantly benefiting from accretive acquisitions. Cognizant has gained deep industry expertise and knowledge of the domains through partnerships with top firms like Microsoft and SAP.  Moreover, this strategy has enabled the company to deliver more value to clients and capitalize on new opportunities. However, stiff competition in the IT services market is a concern.”
  • 10/8/2017 – Cognizant Technology Solutions Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock.
  • 9/19/2017 – Cognizant Technology Solutions Corporation was upgraded by analysts at Vetr from a “sell” rating to a “buy” rating. They now have a $76.85 price target on the stock.
  • 9/18/2017 – Cognizant Technology Solutions Corporation had its “outperform” rating reaffirmed by analysts at Wedbush.

Cognizant Technology Solutions Corporation (NASDAQ CTSH) traded up $0.41 during trading hours on Wednesday, reaching $74.97. The company’s stock had a trading volume of 2,261,400 shares, compared to its average volume of 3,989,663. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corporation has a one year low of $51.35 and a one year high of $76.51. The firm has a market capitalization of $43,963.93, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions Corporation had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. equities analysts predict that Cognizant Technology Solutions Corporation will post 3.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 17th. Cognizant Technology Solutions Corporation’s dividend payout ratio (DPR) is 18.52%.

In other news, General Counsel Matthew W. Friedrich sold 2,711 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $74.30, for a total value of $201,427.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sumithra Gomatam sold 3,163 shares of the stock in a transaction on Tuesday, October 31st. The shares were 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 owns 6,346 shares in the company, valued at $482,296. The disclosure for this sale can be found here. Insiders have sold 244,918 shares of company stock worth $17,643,259 over the last 90 days. 1.08% of the stock is owned by insiders.

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.

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