TD Cowen Cuts Cognizant Technology Solutions (NASDAQ:CTSH) Price Target to $71.00

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price decreased by research analysts at TD Cowen from $85.00 to $71.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the information technology service provider’s stock. TD Cowen’s price target indicates a potential upside of 16.93% from the company’s previous close.

Several other equities analysts have also recently weighed in on CTSH. Citigroup reiterated a “neutral” rating and issued a $86.00 price objective (up from $75.00) on shares of Cognizant Technology Solutions in a research note on Thursday, January 22nd. Weiss Ratings raised shares of Cognizant Technology Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Royal Bank Of Canada increased their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, January 26th. Finally, Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research note on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $89.39.

Cognizant Technology Solutions Stock Performance

Shares of CTSH traded down $0.46 during trading hours on Friday, hitting $60.72. The stock had a trading volume of 1,177,815 shares, compared to its average volume of 6,725,417. The firm has a market capitalization of $29.04 billion, a PE ratio of 13.30, a PEG ratio of 1.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. Cognizant Technology Solutions has a 12 month low of $60.03 and a 12 month high of $87.03. The stock has a fifty day moving average price of $74.49 and a 200 day moving average price of $73.93.

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

Insiders Place Their Bets

In other 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 transaction of $143,527.68. Following the sale, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. This trade represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Patsalos-Fox sold 4,000 shares of Cognizant Technology Solutions stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $85.30, for a total transaction of $341,200.00. Following the transaction, the director owned 37,729 shares in the company, valued at approximately $3,218,283.70. This trade represents a 9.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,809 shares of company stock worth $1,426,138 over the last three months. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of CTSH. JPL Wealth Management LLC bought a new position in shares of Cognizant Technology Solutions in the third quarter worth about $25,000. Lodestone Wealth Management LLC bought a new stake in Cognizant Technology Solutions during the 4th quarter valued at approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in Cognizant Technology Solutions during the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. lifted its holdings 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 worth $28,000 after purchasing an additional 213 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $29,000. 92.44% of the stock is owned by institutional investors.

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.