Looking at the average rating of “hold” by the Cognizant Technology Solutions Company (NASDAQ:CTSH) brokerage

Shares of Cognizant Technology Solutions Company (NASDAQ: CTSH – GET Rating) have earned a consensus rating of “Hold” from the fifteen analysts currently covering the company, MarketBeat Ratings reports. One Equity Research analyst has rated the stock with a sell recommendation, five a hold recommendation and two a buy recommendation for the company. The average 12-month target price among brokers who updated their coverage on the stock last year is $81.91.

CTSH has been the subject of several research reports. StockNews.com downgraded shares of Cognizant Technology Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 11. Barclays lowered its price target on shares of Cognizant Technology Solutions from $80.00 to $55.00 and set an “underweight” rating on the stock in a research report dated Tuesday, July 19th. JPMorgan Chase & Co. downgraded shares of Cognizant Technology Solutions from an “overweight” rating to a “neutral” rating and lowered its target price for the company from $82.00 to $77.00 in a research report Thursday. Susquehanna Bancshares lowered its price target on shares of Cognizant Technology Solutions from $100.00 to $98.00 in a research report on Thursday. Finally, BMO Capital Markets reiterated its “maintenance” rating on shares of Cognizant Technology Solutions in a research report on Tuesday, July 26.

Cognizant Technology Solutions Stock Performance

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CTSH shares opened at $67.96 on Monday. The company’s 50-day moving average price is $69.18 and its 200-day moving average price is $79.57. Cognizant Technology Solutions has a 52-week low of $63.26 and a 52-week high of $93.47. The company has a market capitalization of $35.42 billion, a PE ratio of 16.30, a PEG ratio of 1.37 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.22 and a current ratio of 2.22.

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Cognizant Technology Solutions (NASDAQ: CTSH – GET RATINGS) last released its quarterly earnings figures on Wednesday, July 27. The information technology services provider reported earnings per share of $1.14 for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Cognizant Technology Solutions had a net margin of 11.59% and return on equity at 19.07%. The business reported revenue of $4.91 billion during the quarter, against analysts’ expectations of $4.92 billion. During the same period last year, the company generated earnings of $0.99 per share. Cognizant Technology Solutions’ revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts expect Cognizant Technology Solutions to post 4.5 EPS for the current fiscal.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, Aug. A $0.27 dividend will be paid to investors of record on Friday, August 19. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 18. Cognizant Technology Solutions’ dividend payout ratio currently stands at 25.90%.

Insider Buying and Selling in Cognizant Technology Solutions

In other news, EVP Andrew J. Stafford sold 5,867 shares of the business’s stock in a transaction that occurred on Tuesday, May 10. The stock was sold at an average price of $77.24 for a total transaction of $453,167.08. Following the completion of the sale, the Executive Vice President now owns 5,872 shares in the company, valued at $453,553.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Andrew J. Stafford sold 5,867 shares of the company’s stock in a transaction on Tuesday, May 10. The stock was sold at an average price of $77.24 for a total transaction of $453,167.08. Following the completion of the sale, the Executive Vice President now owns 5,872 shares in the company, valued at $453,553.28. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Additionally, Director Michael Patsalos-Fox sold 5,687 shares of the company’s stock in a transaction on Tuesday, May 17. The stock was sold at an average price of $74.40 for a total value of $423,112.80. After the sale, the director now owns 57,534 shares of the company’s stock, valued at approximately $4,280,529.60. The disclosure of this sale can be found here. Insiders own 0.34% of the company’s stock.

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Hedge funds weigh in on Cognizant Technology Solutions

Many institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Company Inc. increased its stake in Cognizant Technology Solutions by 4.3% during the fourth quarter. Oppenheimer & Company Inc. U.S. now has 3,007 shares of the information technology services provider’s stock valued at $266,000 after purchasing an additional 124 shares during the previous quarter. Park Avenue Securities LLC shares of Cognizant Technology Solutions gained 29.4% in the first quarter. After purchasing an additional 1,572 shares last quarter, Park Avenue Securities LLC now owns 6,911 shares of the information technology services provider, valued at $620,000. JJJ Advisors Inc grew its position in Cognizant Technology Solutions by 7.2% during the first quarter. After purchasing an additional 254 shares during the period, JJJ Advisors Inc. now owns 3,783 shares of the information technology services provider’s stock, valued at $340,000. Ascent Group LLC purchased a new stake in Cognizant Technology Solutions valued at approximately $600,000 during the fourth quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Cognizant Technology Solutions by 80.0% during the fourth quarter. Nisse Asset Management Corp. Japan ADV now holds 106,535 shares of the information technology services provider, valued at $9,452,000, after purchasing an additional 47,359 shares during the previous quarter. 90.73% of the stock is currently held by institutional investors.

About Cognizant Technology Solutions

(get rating)

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 care; products and resources; and communication, media and technology.

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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by Marketbeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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