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William Blair downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Market Perform in a report released today.

Having a price of $53.18, Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 2.68% higher on the day. The last stock price is down -5.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Cognizant Technology Solutions Corp has recorded a 50-day average of $52.14 and a two hundred day average of $56.53. Trading volume was down over the average, with 5,414,012 shares of CTSH changing hands under the typical 6,827,390

William Blair has downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Market Perform in a statement released on Wednesday November 23, 2016.

Recent Performance Chart

Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Cognizant Technology Solutions Corp has 52 week low of $45.44 and a 52 week high of $65.25 with a PE ratio of 20.80 and has a market capitalization of $0.

Also covering Cognizant Technology Solutions Corp's price target, a total of 26 equity analysts have released a ratings update on CTSH. The one year target is $69.50 with eleven analysts rating the company a strong buy, seventeen analysts rating the company a buy, 3 firms rating the stock a hold, 0 firms rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. The Company's competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services.

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