Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price Expected to Rise, UBS Group Analyst Says

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price raised by research analysts at UBS Group from $83.00 to $86.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the information technology service provider’s stock. UBS Group’s price target would indicate a potential upside of 3.50% from the company’s previous close.

A number of other equities analysts also recently issued reports on CTSH. Robert W. Baird increased their price objective on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. TD Cowen boosted their price target on Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their target price on Cognizant Technology Solutions from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Mizuho lifted their price objective on shares of Cognizant Technology Solutions from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Seventeen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $81.39.

Cognizant Technology Solutions Trading Up 0.6 %

Shares of Cognizant Technology Solutions stock traded up $0.48 on Monday, hitting $83.09. 736,048 shares of the company traded hands, compared to its average volume of 2,598,182. Cognizant Technology Solutions has a 52 week low of $63.79 and a 52 week high of $83.47. The company has a market cap of $41.20 billion, a PE ratio of 18.38, a PEG ratio of 2.21 and a beta of 1.07. The stock’s 50 day moving average price is $79.16 and its 200-day moving average price is $77.29. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the sale, the chief accounting officer now directly owns 39,022 shares of the company’s stock, valued at $3,126,052.42. This trade represents a 11.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of hedge funds have recently modified their holdings of CTSH. Handelsbanken Fonder AB boosted its holdings in Cognizant Technology Solutions by 1.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 130,810 shares of the information technology service provider’s stock valued at $10,096,000 after purchasing an additional 2,351 shares during the last quarter. Czech National Bank lifted its holdings in Cognizant Technology Solutions by 6.6% in the third quarter. Czech National Bank now owns 100,970 shares of the information technology service provider’s stock valued at $7,793,000 after acquiring an additional 6,223 shares during the last quarter. GAMMA Investing LLC grew its position in Cognizant Technology Solutions by 47.3% in the third quarter. GAMMA Investing LLC now owns 8,822 shares of the information technology service provider’s stock worth $681,000 after acquiring an additional 2,833 shares during the period. Trium Capital LLP increased its stake in Cognizant Technology Solutions by 1.7% during the third quarter. Trium Capital LLP now owns 56,430 shares of the information technology service provider’s stock worth $4,355,000 after acquiring an additional 928 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in Cognizant Technology Solutions in the third quarter valued at $264,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

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.