Weekly Research Analysts’ Ratings Changes for Cognizant Technology Solutions (CTSH)

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

  • 2/9/2018 – Cognizant Technology Solutions was given a new $100.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 2/8/2018 – Cognizant Technology Solutions had its price target raised by analysts at Loop Capital to $90.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Cognizant Technology Solutions had its price target raised by analysts at Bank of America Corp from $86.00 to $89.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Cognizant Technology Solutions had its price target raised by analysts at Nomura from $71.00 to $79.00. They now have a “neutral” rating on the stock.
  • 2/8/2018 – Cognizant Technology Solutions had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $88.00 price target on the stock, up previously from $86.00.
  • 2/8/2018 – Cognizant Technology Solutions had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $90.00 price target on the stock.
  • 2/8/2018 – Cognizant Technology Solutions had its price target raised by analysts at BMO Capital Markets from $78.00 to $86.00. They now have an “outperform” rating on the stock.
  • 2/8/2018 – Cognizant Technology Solutions had its price target raised by analysts at Needham & Company LLC from $90.00 to $100.00. They now have a “strong-buy” rating on the stock.
  • 2/7/2018 – Cognizant Technology Solutions had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $93.00 price target on the stock. They wrote, “We maintain our BUY rating. We keep our $93 PT, or 18x our 2019E of $5.15.””
  • 2/7/2018 – Cognizant Technology Solutions had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $90.00 price target on the stock.
  • 2/5/2018 – Cognizant Technology Solutions had its price target raised by analysts at Morgan Stanley from $77.00 to $84.00. They now have an “equal weight” rating on the stock.
  • 1/19/2018 – Cognizant Technology Solutions was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/18/2018 – Cognizant Technology Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognizant’s growth can be attributed to its significant exposure to the fast-growing verticals like Financial Services and Healthcare. Higher demand from payer and top-tier consulting clients in the healthcare segment will help to sustain the growth momentum. The company’s ability to harness the ongoing digital transition is a tailwind. The company is also significantly benefiting from accretive acquisitions and share repurchase program. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has mixed record of earnings surprises in recent quarters. However, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern.”
  • 1/18/2018 – Cognizant Technology Solutions was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $79.00 price target on the stock, up previously from $75.84.
  • 1/17/2018 – Cognizant Technology Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “Cognizant’s growth can be attributed to its significant exposure to the fast-growing verticals like Financial Services and Healthcare. Higher demand from payer and top-tier consulting clients in the healthcare segment will help to sustain the growth momentum. The company’s ability to harness the ongoing digital transition is a tailwind. The company is also benefiting from accretive acquisitions and share repurchase program. Cognizant has also gained deep industry expertise and knowledge of the domains through partnerships with top firms like Microsoft and SAP. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has mixed record of earnings surprises in recent quarters. However, stiff competition in the IT services market remains a concern.”
  • 1/12/2018 – Cognizant Technology Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognizant’s growth can be attributed to its significant exposure to the fast-growing verticals like Financial Services and Healthcare. Higher demand from payer and top-tier consulting clients in the healthcare segment will help to sustain the growth momentum. The company’s ability to harness the ongoing digital transition is a tailwind. The company is also benefiting from accretive acquisitions and share repurchase program. Cognizant has also gained deep industry expertise and knowledge of the domains through partnerships with top firms like Microsoft and SAP. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has mixed record of earnings surprises in recent quarters. However, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern.”
  • 1/10/2018 – Cognizant Technology Solutions 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 shares have outperformed the industry in the past one year. Growth can be attributed to the company's significant exposure to the fast-growing verticals like Financial Services and Healthcare. Higher demand from payer and top-tier consulting clients in the healthcare segment will help to sustain the growth momentum.  The company’s ability to harness the ongoing digital transition is a tailwind. 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, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern.”
  • 1/5/2018 – Cognizant Technology Solutions had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $86.00 price target on the stock.
  • 1/3/2018 – Cognizant Technology Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognizant shares have outperformed the industry in the past one year. Growth can be attributed to the company's significant exposure to the fast-growing verticals like Financial Services and Healthcare. Higher demand from payer and top-tier consulting clients in the healthcare segment will help to sustain the growth momentum.  The company’s ability to harness the ongoing digital transition is a tailwind. 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, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern.”
  • 1/2/2018 – Cognizant Technology Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “Cognizant shares have outperformed the industry in the past one year. Growth can be attributed to the company's significant exposure to the fast-growing verticals like Financial Services and Healthcare. Higher demand from payer and top-tier consulting clients in the healthcare segment will help to sustain the growth momentum.  The company’s ability to harness the ongoing digital transition is a tailwind. 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, the company faces significant geographic, domain and customer concentration risks which can negatively impact its business. Besides, stiff competition in the IT services market remains a concern.”
  • 12/29/2017 – Cognizant Technology Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $76.29 on Monday. Cognizant Technology Solutions Corp has a 52 week low of $57.00 and a 52 week high of $79.28. The firm has a market capitalization of $44,984.02, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The company has a current ratio of 3.21, a quick ratio of 3.29 and a debt-to-equity ratio of 0.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, February 7th. The information technology service provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. Cognizant Technology Solutions had a return on equity of 19.94% and a net margin of 10.15%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. sell-side analysts expect that Cognizant Technology Solutions Corp will post 3.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, February 21st. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.15. Cognizant Technology Solutions’s dividend payout ratio is currently 23.72%.

In other Cognizant Technology Solutions news, President Rajeev Mehta sold 42,563 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $77.50, for a total transaction of $3,298,632.50. Following the transaction, the president now owns 35,020 shares of the company’s stock, valued at approximately $2,714,050. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Francisco Dsouza sold 482,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.04, for a total value of $34,723,280.00. Following the transaction, the chief executive officer now directly owns 621,643 shares in the company, valued at approximately $44,783,161.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 994,079 shares of company stock worth $73,129,749. Corporate insiders own 1.08% of the company’s stock.

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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