Cognizant Technology Solutions with ticker code (CTSH) now have 31 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 100 and 63 with a mean TP of 81.97. Given that the stocks previous close was at 64.92 this would indicate that there is a potential upside of 26.3%. The 50 day moving average now sits at 66 and the 200 day MA is 73.25. The company has a market cap of $37,423m. Company Website: http://www.cognizant.com
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers business, process, operations, and technology consulting services; application design and development, and systems integration services; application testing, consulting, and engineering services; and enterprise information management services. The company also develops, licenses, implements, and supports various software products for the healthcare industry, including solutions for health insurance plans, third party benefit administrators, and healthcare providers. In addition, it provides application maintenance services; information technology infrastructure services, such as data center, infrastructure security, network and convergence, end-user computing, and mobility services; and business process services comprising clinical data management, pharmacovigilance, equity research support, commercial operations, and order management services, as well as consulting and platform-based services. The company markets and sells its services directly through its professional staff, senior management, and direct sales personnel. It serves banking and insurance, healthcare and life sciences, manufacturing and logistics, retail and consumer goods, travel and hospitality, energy and utilities, communications and media, and technology industries. The company was founded in 1994 and is headquartered in Teaneck, New Jersey.