Price Target Update on Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $79 and the lowest price target forecast is $65. The average forecast of all the analysts is $69.67 and the expected standard deviation is $3.02.

Other Equity analysts have also commented on the company shares. Cowen & Company initiates coverage on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency announces the price target to $65 per share. The rating by the firm was issued on February 19, 2016.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): stock turned positive on Thursday. Though the stock opened at $62.44, the bulls momentum made the stock top out at $62.71 level for the day. The stock recorded a low of $61.63 and closed the trading day at $62.7, in the green by 1.59%. The total traded volume for the day was 2,894,107. The stock had closed at $61.72 in the previous days trading.

The company shares have dropped -3.11% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $69.80 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $61.04 and the 200 Day Moving Average price is recorded at $59.53. On the companys insider trading activities, Mcloughlin Karen, officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, unloaded 590 shares at an average price of $60.26 on June 10, 2016. The total amount of the transaction was worth $35,553, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.

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