Robert W. Baird Remains a Buy on Cognizant (CTSH)

Robert W. Baird analyst David Koning maintained a Buy rating on Cognizant (CTSHResearch Report) on May 4 and set a price target of $94.00. The company’s shares closed last Thursday at $73.60.

According to TipRanks.com, Koning is a 4-star analyst with an average return of 6.5% and a 57.4% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Cognizant has an analyst consensus of Moderate Buy, with a price target consensus of $92.60, implying a 17.6% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a $98.00 price target.

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Cognizant’s market cap is currently $44.25B and has a P/E ratio of 20.83.

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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