Cognizant Technology Solutions Corp (NDAQ:CTSH) Change of Rating
Suntrust Robinson upped the shares of Cognizant Technology Solutions Corp (NDAQ:CTSH) from a “Hold” rating to “Buy” rating in an analyst report sent to clients and investors on Friday, 14 April.
Out of 26 analysts covering Cognizant Technology Solutions Corp., 28 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $77 and the lowest is $55 according to Thomson/First Call. The 12-month mean target is $69.5, which means upside potential of 19.11% over the current price.
Genesis Asset Managers Llp had the biggest stake with ownership of 8.19M shares as of Q2 2015 for 15.67% of the stock exposure. Bluespruce Investments Lp is another very bullish active investment manager who is having 654,686 shares of Cognizant Technology Solutions Corp. or 12.31% of their stock exposure. Further, Provident Trust Co have 10.94% of their stock exposure invested in the company for 4.09M shares. The California-based fund Matthews International Capital Management Llc disclosed it had bought so far a stake worth about 8.78% of the active investment manager’s stock portfolio in Cognizant Technology Solutions Corp.. The Missouri-based fund Cortland Associates Inc Mo is also positive about the stock, possessing 4.48M shares or 7.47% of their stock exposure.
Cognizant Technology Solutions Corp (NDAQ:CTSH) Profile
Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.
Cognizant Technology Solutions Corp (NDAQ:CTSH) traded down -0.53% on 14 April, hitting $58.35. A total of 3.87 million shares of the company’s stock traded hands. This is down from average of 4.03 million shares. Cognizant Technology Solutions Corp. has a 52 week low of $45.44 and a 52 week high of $63.23. The company has a market cap of $35.33 billion and a P/E ratio of 22.92.
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