Cognizant (CTSH) Gets a Sell Rating from Barclays

In a report issued on May 6, Ramsey El Assal from Barclays maintained a Sell rating on Cognizant (CTSHResearch Report), with a price target of $80.00. The company’s shares closed last Friday at $75.52.

According to TipRanks.com, Assal is a 4-star analyst with an average return of 4.2% and a 48.5% success rate. Assal covers the Technology sector, focusing on stocks such as TELUS International (CDA), Automatic Data Processing, and Fidelity National Info.

Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $92.10.

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Based on Cognizant’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.83 billion and net profit of $563 million. In comparison, last year the company earned revenue of $4.4 billion and had a net profit of $505 million.

Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTSH in relation to earlier this year. Most recently, in March 2022, Maureen Breakiron-Evans, a Director at CTSH sold 6,371 shares for a total of $559,119.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1994 and based in New Jersey, Cognizant Technology Solutions Corp. is a professional services company, which provides information technology, consulting, and business process outsourcing services. It operates through four business segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology.

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