Cognizant Technology Solutions (NASDAQ:CTSH) Raised to Hold at Mizuho

Cognizant Technology Solutions (NASDAQ:CTSH) was upgraded by equities research analysts at Mizuho to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets upped their price objective on Cognizant Technology Solutions from $88.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday, February 6th. StockNews.com raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. UBS Group cut their target price on Cognizant Technology Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley cut their target price on Cognizant Technology Solutions from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $83.71.

Cognizant Technology Solutions Trading Down 3.1 %

CTSH opened at $77.21 on Wednesday. Cognizant Technology Solutions has a one year low of $63.79 and a one year high of $90.82. The stock has a market capitalization of $38.19 billion, a PE ratio of 17.12, a P/E/G ratio of 2.11 and a beta of 1.12. The business’s 50 day moving average price is $82.64 and its 200 day moving average price is $79.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, February 5th. The information technology service provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Cognizant Technology Solutions had a return on equity of 16.78% and a net margin of 11.35%. As a group, equities research analysts expect that Cognizant Technology Solutions will post 4.98 EPS for the current year.

Hedge Funds Weigh In On Cognizant Technology Solutions

Large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its stake in Cognizant Technology Solutions by 17.8% in the third quarter. Thrivent Financial for Lutherans now owns 25,931 shares of the information technology service provider’s stock valued at $2,001,000 after acquiring an additional 3,917 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Cognizant Technology Solutions in the third quarter valued at $1,403,000. PNC Financial Services Group Inc. boosted its stake in Cognizant Technology Solutions by 5.9% in the third quarter. PNC Financial Services Group Inc. now owns 119,570 shares of the information technology service provider’s stock valued at $9,228,000 after acquiring an additional 6,626 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cognizant Technology Solutions in the third quarter valued at $734,000. Finally, First Horizon Advisors Inc. boosted its stake in Cognizant Technology Solutions by 5.0% in the third quarter. First Horizon Advisors Inc. now owns 5,638 shares of the information technology service provider’s stock valued at $435,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About Cognizant Technology Solutions

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.