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Bank of America downgrades Cognizant Technology Solutions (NASDAQ: CTSH) to neutral

conscious expertise optionsNasdaq: CTSHGet the rating) Downgraded by inventory analysts at American bank From a “purchase” score to a “impartial” score in a analysis observe issued to traders on Friday, the fly experiences.

A variety of different brokerages have additionally not too long ago commented on CTSH. Barclays lowered its value goal on Cognizant Expertise Options from $80.00 to $55.00 and assigned an “underweight” score to the corporate in a report launched on Tuesday, July 19. Cowen reissued a “downgrade” score on shares of Cognizant Expertise Options in a report launched on Thursday, July twenty eighth. Robert W. Baird lowered Cognizant Expertise Options’ value goal from $76.00 to $70.00 and assigned the corporate a “excellent” score in a report launched on Thursday. HSBC Cognizant Expertise Options downgraded from a “purchase” score to a “maintain” score and lowered the corporate’s goal value from $90.00 to $79.00 in a report launched on Wednesday, August seventeenth. Lastly, Cognizant Expertise Options downgraded Cognizant Expertise Options to a “market performer” score and lowered the corporate’s goal value from $86.00 to $75.00 in a report launched Thursday, July 28. One funding analyst has rated the inventory with a promote score, 9 have issued a maintain score and 5 have issued a purchase score to the corporate’s inventory. In line with knowledge from MarketBeat.com, the inventory has a median score of “Maintain” and an agreed goal value of $82.00.

Cognizant Expertise Options Inventory Efficiency

NASDAQ CTSH It opened at $59.78 on Friday. The inventory has a market capitalization of $30.95 billion, a price-earnings ratio of 13.87, a price-earnings ratio of 1.21 and a beta 1.05. Cognizant Expertise Options recorded a 12-month low of $55.40 and a 12-month excessive of $93.47. The corporate has a buying and selling ratio of two.23, a fast ratio of two.23 and a debt-to-equity ratio of 0.05. The inventory has a 50-day transferring common of $62.43 and a 200-day transferring common of $69.66.

conscious expertise optionsNasdaq: CTSHGet the rating) final launched its quarterly earnings outcomes on Wednesday, July twenty seventh. The IT companies supplier reported earnings of $1.14 per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The corporate generated $4.91 billion in income for the quarter, in comparison with analyst expectations of $4.92 billion. Cognizant Expertise Options had a return on fairness of 19.36% and a web margin of 11.74%. Cognizant Expertise Options’ quarterly income elevated 7.0% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the corporate reported $0.99 in earnings per share. Promote-side analysts count on Cognizant Expertise Options to put up 4.55 earnings per share for the present fiscal yr.

Shopping for and promoting insiders

In associated information, director Zain Abdullah offered 4,368 shares of the inventory in a deal that passed off on Friday, September ninth. The inventory offered for a median value of $65.44, with a complete worth of $285,841.92. Following the completion of the transaction, the supervisor now immediately owns 13,556 shares within the firm, valued at $887,104.64. The sale was disclosed in a doc filed with the Securities and Alternate Fee, which is offered on the web site This hyperlink. 0.34% of the shares are at present owned by firm insiders.

Institutional inflows and outflows

Massive traders have not too long ago added or lowered their stakes within the firm. Hardy Reed LLC acquired a brand new place in Cognizant Expertise Options throughout the first quarter value $27,000. Darkish Forest Capital Administration LP acquired a brand new place in Cognizant Expertise Options throughout the second quarter valued at $26000. Prospera Monetary Providers Inc raised its stake in Cognizant Expertise Options by 77.0% throughout the second quarter. Prospera Monetary Providers Inc now owns 393 shares of the knowledge expertise companies supplier’s inventory, valued at $27,000 after buying a further 171 shares within the final quarter. Harel Insurance coverage Investments & Monetary Providers Ltd raised its stake in Cognizant Expertise Options by 1,433.3% throughout the first quarter. Harel Insurance coverage Investments & Monetary Providers Ltd. Now 460 shares of the IT companies supplier’s inventory are valued at $41,000 after buying a further 430 shares within the final quarter. Lastly, AdvisorNet Monetary Inc raised its stake in Cognizant Expertise Options by 44.4% throughout the first quarter. AdvisorNet Monetary Inc now owns 478 shares of the IT companies supplier’s inventory, valued at $43,000, after buying a further 147 shares within the final quarter. 90.67% of the shares are at present owned by institutional traders and hedge funds.

About Cognizant Expertise Options

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Cognizant Expertise Options Company, an expert companies firm, offers consulting, expertise, and outsourcing companies in North America, Europe, and internationally. It operates via 4 segments: Monetary Providers. Well being Care; merchandise and assets; Communications, Media and Expertise.

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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ: CTSH)

This instantaneous information alert was created by narrative science expertise and MarketBeat monetary knowledge to supply readers with the quickest and most correct reporting. This story was reviewed by the Editorial Crew at MarketBeat previous to publication. Please ship any questions or feedback about this story to [email protected]

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