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Cognizant Technology Solutions (NASDAQ: CTSH) PT lowered to $60.00 at Morgan Stanley

conscious know-how optionsNasdaq: CTSHGet the rating) Its worth goal by Morgan Stanley fairness analysis analysts fell from $65.00 to $60.00 in a analysis report launched on Thursday, Inventory Target Advisor experiences. The corporate at the moment has an “Equal” ranking on the IT service supplier’s stock. Morgan Stanley’s goal worth signifies a possible upside of 14.35% from the inventory’s earlier shut.

CTSH has been the topic of a number of different analysis experiences. TheStreet lowered shares of Cognizant Know-how Options from a “b-” ranking to a “c+” ranking in a analysis report on Thursday, September twenty ninth. Susquehanna Bancshares dropped its worth goal on Cognizant Know-how Options from $100.00 to $98.00 in a analysis report on Thursday, July 28. Robert W. Chook lowered his worth goal on Cognizant Know-how Options from $70 to $66.00 in a analysis be aware on Thursday. BMO Capital Markets lowered Cognizant Know-how Options’ ranking from “excellent” to a “market performer” ranking and lowered the corporate’s worth goal from $73.00 to $65.00 in a analysis report on Thursday. Lastly, Susquehanna lowered its worth goal for Cognizant Know-how Options shares from $100.00 to $98.00 in a analysis be aware on Thursday, July 28. One funding analyst has rated the inventory with a promote ranking, 13 have assigned a maintain ranking and three have assigned a purchase ranking to the corporate. In line with knowledge from MarketBeat.com, the inventory has a median ranking of “Maintain” and a worth goal of $73.68.

Worth efficiency perceptible know-how options

Shares of Cognizant Technology Solutions It traded down $7.79 throughout noon buying and selling on Thursday, reaching $52.47. A complete of 148,701 shares of the traded inventory have been traded, in comparison with a median buying and selling quantity of three,686,474. The corporate has a fast ratio of two.23, a buying and selling ratio of two.23 and a debt-to-equity ratio of 0.05. Cognizant Know-how Options recorded a 12-month low of $55.40 and a 12-month excessive of $93.47. The 50-day transferring common for the inventory is $61.22 and its 200-day transferring common is $67.94. The inventory has a market capitalization of $27.17 billion, a price-earnings ratio of 12.16, a price-earnings ratio of 1.25 and a beta 1.05.

Inside exercise

In different information for Cognizant Know-how Options, Director Zain Abdullah bought 4,368 shares of inventory in a transaction dated Friday, September ninth. The shares bought for a median worth of $65.44, for a complete transaction of $285,841.92. Following the transaction, the director now immediately owns 13,556 shares within the firm, valued at roughly $887,104.64. The sale was disclosed in a doc filed with the Securities and Alternate Fee, which might be accessed by way of This hyperlink. Insiders personal 0.34% of the corporate’s inventory.

Institutional Buying and selling Cognizant Know-how Options

A variety of hedge funds have not too long ago purchased and bought shares of CTSH. Wellington Administration Group LLP raised its place in shares of Cognizant Know-how Options by 40.6% within the first quarter. Wellington Administration Group LLP now owns 12,251,722 shares of the knowledge know-how providers supplier’s inventory valued at $1,098,612,000 after buying a further 3,537,761 shares within the final quarter. Capital Analysis World Traders raised its place in shares of Cognizant Know-how Options by 11.5% through the first quarter. Capital Analysis World Traders now owns 10,619,591 shares of the IT providers supplier inventory valued at $952,259,000 after buying a further 1,095,473 shares over the last quarter. Pacer Advisors Inc boosted its stake in Cognizant Know-how Options by 6,635.8% within the third quarter. Pacer Advisors Inc. Now 1,090,799 shares of the IT providers supplier’s inventory are valued at $62,655,000 after buying a further 1,074,605 ​​shares within the final quarter. Vanguard Group Inc. filed Its stake in shares of Cognizant Know-how Options elevated by 2.6% through the first quarter. Vanguard Group Inc. owns. Now 42,692,149 shares of the IT providers supplier’s inventory have been valued at $3,828,205,000 after buying a further 1,068,699 shares within the final quarter. Lastly, Lazard Asset Administration LLC boosted its stake in Cognizant Know-how Options by 175.2% within the second quarter. Lazard Asset Administration LLC now owns 1,500,000 shares of the knowledge know-how providers supplier’s inventory valued at $101,436,000 after buying a further 956,946 shares within the final quarter. Hedge funds and different institutional buyers personal 90.67% of the corporate’s inventory.

About Cognizant Know-how Options

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Cognizant Know-how Options Company, knowledgeable providers firm, gives consulting, know-how, and outsourcing providers in North America, Europe, and internationally. It operates by way of 4 segments: Monetary Providers. Well being Care; merchandise and sources; Communications, Media and Know-how.

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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ: CTSH)

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

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