Cognizant Technology Solutions (NASDAQ:CTSH) Coverage Initiated by Analysts at Wedbush

Research analysts at Wedbush started coverage on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research note issued to investors on Thursday,Benzinga reports. The firm set a “neutral” rating and a $61.00 price target on the information technology service provider’s stock.

CTSH has been the subject of a number of other reports. BMO Capital Markets set a $83.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, January 26th. Royal Bank Of Canada increased their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Weiss Ratings lowered shares of Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Finally, UBS Group set a $71.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, March 13th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.37.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH opened at $61.00 on Thursday. Cognizant Technology Solutions has a 12 month low of $58.83 and a 12 month high of $87.03. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.36 and a beta of 0.98. The company’s 50 day moving average is $65.71 and its two-hundred day moving average is $72.68. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the business earned $1.21 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, research analysts anticipate that Cognizant Technology Solutions will post 4.98 earnings per share for the current year.

Insider Buying and Selling at Cognizant Technology Solutions

In related news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Checchi Capital Advisers LLC grew its holdings in shares of Cognizant Technology Solutions by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock valued at $320,000 after purchasing an additional 127 shares in the last quarter. Unison Advisors LLC grew its holdings in shares of Cognizant Technology Solutions by 0.5% in the fourth quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock valued at $2,498,000 after purchasing an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Cognizant Technology Solutions by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock valued at $177,000 after purchasing an additional 143 shares in the last quarter. Security National Bank of SO Dak grew its holdings in shares of Cognizant Technology Solutions by 0.6% in the third quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock valued at $1,662,000 after purchasing an additional 150 shares in the last quarter. Finally, Haven Private LLC grew its holdings in shares of Cognizant Technology Solutions by 1.9% in the third quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock valued at $567,000 after purchasing an additional 157 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Company Profile

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.