In a report issued on December 22, David Koning from Robert W. Baird maintained a Buy rating on Cognizant (CTSH – Research Report), with a price target of $100.00. The company’s shares closed last Wednesday at $89.59.
According to TipRanks.com, Koning is a 5-star analyst with an average return of 13.3% and a 73.0% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.
Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $90.75.
Cognizant’s market cap is currently $47.06B and has a P/E ratio of 25.26.
Based on the recent corporate insider activity of 101 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.
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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