Cognizant Technology Solutions (NASDAQ:CTSH) Earns Neutral Rating from Susquehanna

Susquehanna reissued their neutral rating on shares of Cognizant Technology Solutions (NASDAQ:CTSHFree Report) in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has a $80.00 target price on the information technology service provider’s stock, down from their previous target price of $87.00.

CTSH has been the subject of several other research reports. Societe Generale reissued a sell rating and set a $67.00 price objective on shares of Cognizant Technology Solutions in a research report on Friday, January 5th. Citigroup increased their price objective on shares of Cognizant Technology Solutions from $76.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Wedbush increased their target price on shares of Cognizant Technology Solutions from $75.00 to $85.00 and gave the stock an outperform rating in a report on Tuesday, December 26th. BMO Capital Markets reduced their target price on shares of Cognizant Technology Solutions from $88.00 to $85.00 and set a market perform rating for the company in a report on Wednesday, February 7th. Finally, Barclays increased their target price on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an equal weight rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $75.65.

Read Our Latest Analysis on Cognizant Technology Solutions

Cognizant Technology Solutions Stock Down 0.4 %

Shares of NASDAQ:CTSH opened at $73.29 on Monday. Cognizant Technology Solutions has a 52 week low of $58.09 and a 52 week high of $80.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $36.49 billion, a PE ratio of 17.45, a PEG ratio of 1.67 and a beta of 1.06. The company has a 50 day moving average price of $76.77 and a two-hundred day moving average price of $72.46.

Cognizant Technology Solutions (NASDAQ:CTSHGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The information technology service provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.14. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 17.83%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. Analysts forecast that Cognizant Technology Solutions will post 4.6 earnings per share for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were given a $0.30 dividend. The ex-dividend date was Friday, February 16th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. Cognizant Technology Solutions’s dividend payout ratio is presently 28.57%.

Insider Activity

In other news, EVP Kathryn Diaz sold 900 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $77.06, for a total value of $69,354.00. Following the transaction, the executive vice president now directly owns 8,312 shares of the company’s stock, valued at $640,522.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Cognizant Technology Solutions

Hedge funds have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in Cognizant Technology Solutions during the fourth quarter worth about $26,000. NBC Securities Inc. bought a new position in Cognizant Technology Solutions in the 3rd quarter valued at about $27,000. Spire Wealth Management increased its holdings in Cognizant Technology Solutions by 79.1% in the 4th quarter. Spire Wealth Management now owns 437 shares of the information technology service provider’s stock valued at $34,000 after buying an additional 193 shares during the period. Neo Ivy Capital Management bought a new position in Cognizant Technology Solutions in the 4th quarter valued at about $40,000. Finally, Quarry LP bought a new position in Cognizant Technology Solutions in the 4th quarter valued at about $43,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Company Profile

(Get Free Report)

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 Sciences, Products and Resources, and Communications, Media and Technology.

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