Cognizant Technology Solutions (NASDAQ:CTSH) Given New $55.00 Price Target at UBS Group

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective reduced by UBS Group from $60.00 to $55.00 in a research note issued to investors on Monday,MarketScreener reports.

Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $72.00 target price on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. cut their target price on shares of Cognizant Technology Solutions from $92.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Royal Bank Of Canada upped their target price on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. HSBC lowered their price target on Cognizant Technology Solutions from $98.00 to $80.00 in a research note on Thursday, April 30th. Finally, Dbs Bank lowered their price target on Cognizant Technology Solutions from $80.00 to $66.00 in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.33.

Cognizant Technology Solutions Stock Down 1.4%

NASDAQ CTSH traded down $0.68 during trading on Monday, reaching $48.57. The company’s stock had a trading volume of 1,071,298 shares, compared to its average volume of 6,482,905. Cognizant Technology Solutions has a 1-year low of $48.32 and a 1-year high of $87.03. The stock has a market capitalization of $23.02 billion, a PE ratio of 10.54, a PEG ratio of 1.09 and a beta of 0.81. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $59.73 and a 200-day moving average price of $71.10.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Cognizant Technology Solutions’s revenue was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, research analysts forecast that Cognizant Technology Solutions will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 18th. Cognizant Technology Solutions’s payout ratio is 28.70%.

Hedge Funds Weigh In On Cognizant Technology Solutions

Several institutional investors have recently added to or reduced their stakes in CTSH. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $28,000. Flagship Harbor Advisors LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. raised its position in Cognizant Technology Solutions by 165.1% in the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after buying an additional 213 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Cognizant Technology Solutions in the 4th quarter valued at $29,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.