Cognizant Technology Solutions Co. (NASDAQ:CTSH) Given Consensus Rating of “Hold” by Analysts – Information Today Internet

Shares of Cognizant Technology Solutions Co. (NASDAQ:CTSH – Get Free Report) hit conventional an cipher congratulations of “Hold” from the cardinal analysts that are presently concealment the firm, Marketbeat Ratings reports. One assets shrink has rated the hit with a delude rating, cardinal hit issued a stop judgement and threesome hit presented a acquire judgement to the company. The cipher twelve-month toll direct among brokerages that hit updated their programme on the hit in the terminal assemblage is $75.44.

A sort of brokerages hit fresh issued reports on CTSH. BMO Capital Markets dropped their toll direct on shares of Cognizant Technology Solutions from $85.00 to $77.00 and ordered a “market perform” judgement on the hit in a investigate inform on Tuesday, Apr 30th. JPMorgan Chase & Co. attenuated their toll direct on Cognizant Technology Solutions from $81.00 to $74.00 and ordered a “neutral” judgement for the consort in a inform on Thursday, May 2nd. Mizuho reissued a “neutral” judgement and issued a $82.00 toll neutral on shares of Cognizant Technology Solutions in a investigate state on Tuesday, June 11th. The nihilist Sachs Group started programme on Cognizant Technology Solutions in a investigate state on Monday, June 24th. They ordered a “neutral” judgement and a $72.00 direct toll for the company. Finally, Citigroup revilement their toll direct on Cognizant Technology Solutions from $90.00 to $82.00 and ordered a “buy” judgement on the hit in a inform on Monday, Apr 22nd.

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Cognizant Technology Solutions Stock Up 0.4 %

CTSH stock unsealed at $68.00 on Monday. The consort has a debt-to-equity ratio of 0.04, a underway ratio of 2.35 and a hurried ratio of 2.35. The hit has a mart estimation of $33.81 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.03 and a beta of 1.04. Cognizant Technology Solutions has a fifty-two hebdomad baritone of $62.14 and a fifty-two hebdomad broad of $80.09. The playing has a 50-day agitated cipher of $67.13 and a 200-day agitated cipher of $72.34.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) terminal free its earnings results on Wednesday, May 1st. The aggregation profession assist bourgeois reportable $1.12 earnings per deal (EPS) for the quarter, superior the consensus judge of $1.11 by $0.01. Cognizant Technology Solutions had a convey on justness of 17.48% and a gain edge of 10.84%. The playing had income of $4.76 1000000000 for the quarter, compared to shrink estimates of $4.72 billion. During the aforementioned lodge in the preceding year, the consort posted $1.11 earnings per share. Cognizant Technology Solutions’s income was downbound 1.1% on a year-over-year basis. On average, sell-side analysts look that Cognizant Technology Solutions module place 4.61 earnings per deal for the underway business year.

Cognizant Technology Solutions Dividend Announcement

The consort also fresh unconcealed a quarterly dividend, which was paying on Wednesday, May 29th. Stockholders of achievement on Monday, May 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized foundation and a dividend consent of 1.76%. The ex-dividend fellow was Friday, May 17th. Cognizant Technology Solutions’s payout ratio is currently 28.85%.

Institutional Inflows and Outflows

Several super investors hit fresh restricted their holdings of CTSH. Dark Forest Capital Management LP purchased a newborn wager in shares of Cognizant Technology Solutions in the 3rd lodge worth most $216,000. LPL Financial LLC grew its holdings in shares of Cognizant Technology Solutions by 14.9% during the 3rd quarter. LPL Financial LLC today owns 126,168 shares of the aggregation profession assist provider’s hit worth $8,547,000 after feat an added 16,400 shares during the period. Teza Capital Management LLC bought a newborn function in shares of Cognizant Technology Solutions in the 3rd lodge worth roughly $356,000. Gotham Asset Management LLC raised its wager in shares of Cognizant Technology Solutions by 3.1% in the 3rd quarter. Gotham Asset Management LLC today owns 6,598 shares of the aggregation profession assist provider’s hit valued at $447,000 after purchase an added 197 shares during the period. Finally, designer Financial Companies Lllp boosted its holdings in shares of Cognizant Technology Solutions by 39.7% during the 3rd quarter. designer Financial Companies Lllp today owns 898 shares of the aggregation profession assist provider’s hit valued at $61,000 after purchase an added 255 shares in the terminal quarter. Hedge assets and another institutionalised investors possess 92.44% of the company’s stock.

About Cognizant Technology Solutions

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Cognizant Technology Solutions Corporation, a professed services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates finished quaternary segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.

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