UBS Group Has Lowered Expectations for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its price target reduced by investment analysts at UBS Group from $93.00 to $88.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the information technology service provider’s stock. UBS Group’s target price points to a potential upside of 10.58% from the company’s current price.

A number of other equities analysts also recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a research report on Thursday, February 6th. Barclays upped their price target on Cognizant Technology Solutions from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Royal Bank of Canada upped their price target on Cognizant Technology Solutions from $82.00 to $93.00 and gave the company a “sector 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 report on Thursday, February 6th. Finally, BMO Capital Markets upped their price target 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. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.50.

Cognizant Technology Solutions Trading Down 0.5 %

Shares of CTSH opened at $79.58 on Monday. Cognizant Technology Solutions has a 52-week low of $63.79 and a 52-week high of $90.82. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average is $82.54 and its two-hundred day moving average is $79.46. The stock has a market cap of $39.36 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 5th. The information technology service provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Cognizant Technology Solutions had a net margin of 11.35% and a return on equity of 16.78%. Research analysts forecast that Cognizant Technology Solutions will post 4.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CTSH. Duncker Streett & Co. Inc. acquired a new position in Cognizant Technology Solutions in the 4th quarter worth about $28,000. Trust Co. of Vermont increased its holdings in shares of Cognizant Technology Solutions by 188.4% during the 4th quarter. Trust Co. of Vermont now owns 447 shares of the information technology service provider’s stock valued at $34,000 after acquiring an additional 292 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at about $36,000. Park Square Financial Group LLC acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at about $36,000. Finally, Spire Wealth Management increased its holdings in shares of Cognizant Technology Solutions by 74.7% during the 4th quarter. Spire Wealth Management now owns 477 shares of the information technology service provider’s stock valued at $37,000 after acquiring an additional 204 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Company Profile

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.