Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Stock Has Average Price Target of $64.43

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been assigned an average rating of “Hold” from the twenty-four brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $64.43.

Several research firms have weighed in on CTSH. Robert W. Baird set a $68.00 price objective on Cognizant Technology Solutions in a research report on Thursday, July 30th. HSBC dropped their price target on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Mizuho set a $64.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, August 6th. Finally, Berenberg Bank set a $59.00 target price on shares of Cognizant Technology Solutions and gave the stock a “hold” rating in a research report on Wednesday, June 17th.

Cognizant Technology Solutions Trading Up 5.2%

NASDAQ CTSH opened at $60.01 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18. Cognizant Technology Solutions has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The stock has a market cap of $27.03 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86. The stock has a 50 day simple moving average of $59.72 and a two-hundred day simple moving average of $54.34.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business earned $1.31 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, analysts forecast that Cognizant Technology Solutions will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.39%.

Institutional Trading of Cognizant Technology Solutions

Hedge funds have recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. grew its stake in shares of Cognizant Technology Solutions by 59.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 224,281 shares of the information technology service provider’s stock worth $12,883,000 after buying an additional 83,763 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cognizant Technology Solutions by 108.7% during the third quarter. Farther Finance Advisors LLC now owns 15,403 shares of the information technology service provider’s stock valued at $885,000 after buying an additional 8,024 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Cognizant Technology Solutions by 289.6% in the third quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider’s stock worth $166,897,000 after acquiring an additional 2,159,704 shares in the last quarter. City Center Advisors LLC purchased a new stake in shares of Cognizant Technology Solutions in the third quarter worth $277,000. Finally, Red Spruce Capital LLC purchased a new stake in shares of Cognizant Technology Solutions in the third quarter worth $447,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.