BMO Capital analyst Keith Bachman maintained a Hold rating on Cognizant (CTSH – Research Report) yesterday and set a price target of $73.00. The company’s shares closed yesterday at $70.66.
Bachman covers the Technology sector, focusing on stocks such as Palo Alto Networks, Salesforce, and Atlassian. According to TipRanks, Bachman has an average return of 6.4% and a 54.05% success rate on recommended stocks.
In addition to BMO Capital, Cognizant also received a Hold from Morgan Stanley’s James Faucette in a report issued today. However, on January 24, SVB Securities downgraded Cognizant (NASDAQ: CTSH) to a Sell.
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The company has a one-year high of $92.32 and a one-year low of $51.10. Currently, Cognizant has an average volume of 4.75M.
Based on the recent corporate insider activity of 139 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.
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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.
Read More on CTSH:
- COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2022 RESULTS
- Cognizant, CoreLogic announce new 10-year services agreement worth $1B
- Cognizant to acquire Mobica to enhance its IoT software engineering service offerings
- Cognizant to acquire Mobica, terms not disclosed
- Buy/Sell: Wall Street’s top 10 stock calls this week
