Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “buy” rating reiterated by equities research analysts at BMO Capital Markets in a note issued to investors on Tuesday. They presently have a $78.00 price target on the information technology service provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 10.75% from the stock’s previous close.

CTSH has been the subject of a number of other research reports. Zacks Investment Research raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, October 10th. Robert W. Baird raised their price target on Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Bank of America restated a “buy” rating and issued a $86.00 price target on shares of Cognizant Technology Solutions in a research report on Tuesday, September 12th. SunTrust Banks restated a “buy” rating and issued a $85.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $79.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Cognizant Technology Solutions currently has a consensus rating of “Buy” and an average target price of $81.91.

Cognizant Technology Solutions (NASDAQ CTSH) traded up $0.11 on Tuesday, hitting $70.43. The stock had a trading volume of 3,263,003 shares, compared to its average volume of 3,977,184. Cognizant Technology Solutions has a 12 month low of $51.52 and a 12 month high of $76.51. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $42,077.07, a P/E ratio of 21.30, a P/E/G ratio of 1.61 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. sell-side analysts expect that Cognizant Technology Solutions will post 3.35 EPS for the current year.

In other news, CFO Karen Mcloughlin sold 9,482 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $72.24, for a total transaction of $684,979.68. Following the sale, the chief financial officer now directly owns 52,200 shares of the company’s stock, valued at $3,770,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sumithra Gomatam sold 3,163 shares of Cognizant Technology Solutions stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $76.00, for a total value of $240,388.00. Following the sale, the insider now directly owns 6,346 shares in the company, valued at $482,296. The disclosure for this sale can be found here. In the last quarter, insiders sold 652,042 shares of company stock worth $47,088,347. Company insiders own 1.08% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Linscomb & Williams Inc. acquired a new stake in shares of Cognizant Technology Solutions during the third quarter valued at about $278,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Cognizant Technology Solutions by 45.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 143,385 shares of the information technology service provider’s stock valued at $10,401,000 after purchasing an additional 44,982 shares in the last quarter. Comgest Global Investors S.A.S. boosted its stake in shares of Cognizant Technology Solutions by 57.7% during the second quarter. Comgest Global Investors S.A.S. now owns 5,954,817 shares of the information technology service provider’s stock valued at $395,400,000 after purchasing an additional 2,178,800 shares in the last quarter. Oak Ridge Investments LLC boosted its stake in shares of Cognizant Technology Solutions by 7.1% during the second quarter. Oak Ridge Investments LLC now owns 169,645 shares of the information technology service provider’s stock valued at $11,264,000 after purchasing an additional 11,316 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its stake in shares of Cognizant Technology Solutions by 1.3% during the second quarter. Atlantic Trust Group LLC now owns 637,050 shares of the information technology service provider’s stock valued at $42,300,000 after purchasing an additional 8,245 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Cognizant Technology Solutions (CTSH) Stock Rating Reaffirmed by BMO Capital Markets” was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/05/cognizant-technology-solutions-ctsh-stock-rating-reaffirmed-by-bmo-capital-markets.html.

Cognizant Technology Solutions Company Profile

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.

Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions Corp and related companies with MarketBeat.com's FREE daily email newsletter.