Analysts Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) PT at $85.44

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $85.4375.

CTSH has been the subject of several research analyst reports. Mizuho set a $85.00 price target on Cognizant Technology Solutions in a research note on Thursday, October 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th. Guggenheim reiterated a “buy” rating and set a $85.00 price target (down from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. UBS Group reissued a “neutral” rating and set a $82.00 price target (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday, December 29th.

Insider Transactions at Cognizant Technology Solutions

In other news, CAO John Sunshin Kim sold 2,500 shares of Cognizant Technology Solutions stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the transaction, the chief accounting officer owned 36,149 shares in the company, valued at approximately $2,891,920. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $80.01, for a total value of $250,031.25. Following the sale, the chief executive officer owned 75,454 shares of the company’s stock, valued at $6,037,074.54. This represents a 3.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,206 shares of company stock worth $2,336,771. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hilltop National Bank purchased a new stake in Cognizant Technology Solutions during the 2nd quarter valued at $27,000. NewSquare Capital LLC increased its position in shares of Cognizant Technology Solutions by 71.8% in the second quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares during the period. JPL Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions during the third quarter valued at about $25,000. High Note Wealth LLC boosted its holdings in shares of Cognizant Technology Solutions by 22,450.0% during the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock worth $30,000 after purchasing an additional 449 shares during the period. Finally, New Millennium Group LLC bought a new stake in shares of Cognizant Technology Solutions in the third quarter worth about $34,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Stock Down 2.1%

CTSH stock opened at $81.28 on Friday. The company’s 50 day moving average is $78.07 and its 200 day moving average is $74.02. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.56 and a beta of 0.96. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 1-year low of $65.15 and a 1-year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.09. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. Cognizant Technology Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Sell-side analysts predict that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.77%.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.