Cognizant Technology Solutions Co. (NASDAQ:CTSH) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Cognizant Expertise Options Co. (NASDAQ:CTSH – Get Rating) have earned a consensus advice of “Purchase” from the seventeen scores companies which are overlaying the corporate, MarketBeat Ratings experiences. One analyst has rated the inventory with a promote score, three have given a maintain score and 9 have given a purchase score to the corporate. The common 12 month goal worth amongst analysts which have coated the inventory within the final yr is $92.53.
A number of analysis companies not too long ago weighed in on CTSH. Cowen decreased their worth goal on Cognizant Expertise Options from $98.00 to $95.00 in a analysis notice on Monday, Could ninth. Citigroup decreased their worth goal on Cognizant Expertise Options from $95.00 to $88.00 in a analysis notice on Thursday, Could fifth. Cowen dropped their goal worth on Cognizant Expertise Options from $98.00 to $95.00 in a analysis report on Monday, Could ninth. Lastly, StockNews.com downgraded Cognizant Expertise Options from a “strong-buy” score to a “purchase” score in a analysis report on Wednesday, Could eleventh.
CTSH opened at $69.91 on Friday. The enterprise’s fifty day shifting common is $78.62 and its 200-day shifting common is $83.77. The agency has a market cap of $36.43 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.10. The corporate has a debt-to-equity ratio of 0.05, a fast ratio of two.22 and a present ratio of two.22. Cognizant Expertise Options has a 52-week low of $66.19 and a 52-week excessive of $93.47.
Cognizant Expertise Options (NASDAQ:CTSH – Get Rating) final launched its quarterly earnings information on Wednesday, Could 4th. The knowledge know-how service supplier reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. The enterprise had income of $4.83 billion for the quarter, in comparison with analyst estimates of $4.83 billion. Cognizant Expertise Options had a return on fairness of 19.07% and a internet margin of 11.59%. Cognizant Expertise Options’s income was up 9.7% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted $0.97 earnings per share. On common, analysis analysts predict that Cognizant Expertise Options will publish 4.51 earnings per share for the present fiscal yr.
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, Could thirty first. Stockholders of file on Friday, Could twentieth got a dividend of $0.27 per share. The ex-dividend date was Thursday, Could nineteenth. This represents a $1.08 dividend on an annualized foundation and a dividend yield of 1.54%. Cognizant Expertise Options’s dividend payout ratio (DPR) is 25.90%.
In different Cognizant Expertise Options information, EVP Andrew J. Stafford offered 5,867 shares of Cognizant Expertise Options inventory in a transaction that occurred on Tuesday, Could tenth. The inventory was offered at a median worth of $77.24, for a complete worth of $453,167.08. Following the completion of the sale, the manager vice chairman now immediately owns 5,872 shares within the firm, valued at $453,553.28. The sale was disclosed in a submitting with the SEC, which is obtainable at the SEC website. Additionally, Director Michael Patsalos-Fox offered 5,687 shares of Cognizant Expertise Options inventory in a transaction that occurred on Tuesday, Could seventeenth. The inventory was offered at a median worth of $74.40, for a complete worth of $423,112.80. Following the completion of the sale, the director now owns 57,534 shares of the corporate’s inventory, valued at $4,280,529.60. The disclosure for this sale might be discovered here. 0.34% of the inventory is owned by firm insiders.
Hedge funds have not too long ago modified their holdings of the enterprise. Norges Financial institution bought a brand new place in shares of Cognizant Expertise Options through the fourth quarter valued at roughly $465,540,000. Wellington Administration Group LLP boosted its place in shares of Cognizant Expertise Options by 40.6% through the first quarter. Wellington Administration Group LLP now owns 12,251,722 shares of the knowledge know-how service supplier’s inventory valued at $1,098,612,000 after shopping for an extra 3,537,761 shares over the last quarter. First Belief Advisors LP boosted its place in shares of Cognizant Expertise Options by 50.0% through the fourth quarter. First Belief Advisors LP now owns 5,934,516 shares of the knowledge know-how service supplier’s inventory valued at $526,510,000 after shopping for an extra 1,979,276 shares over the last quarter. Boston Companions boosted its place in shares of Cognizant Expertise Options by 26.6% through the fourth quarter. Boston Companions now owns 6,685,153 shares of the knowledge know-how service supplier’s inventory valued at $593,070,000 after shopping for an extra 1,405,697 shares over the last quarter. Lastly, Invesco Ltd. boosted its place in shares of Cognizant Expertise Options by 7.2% through the fourth quarter. Invesco Ltd. now owns 17,072,441 shares of the knowledge know-how service supplier’s inventory valued at $1,514,667,000 after shopping for an extra 1,139,513 shares over the last quarter. Institutional traders and hedge funds personal 90.73% of the corporate’s inventory.
About Cognizant Expertise Options (Get Rating)
Cognizant Expertise Options Company, an expert providers firm, supplies consulting and know-how, and outsourcing providers in North America, Europe, and internationally. It operates by way of 4 segments: Monetary Companies; Healthcare; Merchandise and Sources; and Communications, Media and Expertise.
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