Cognizant Technology Solutions (NASDAQ:CTSH) Hits New 52-Week Low – What’s Next?

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares reached a new 52-week low on Thursday . The stock traded as low as $59.31 and last traded at $61.3460, with a volume of 11050 shares traded. The stock had previously closed at $60.29.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CTSH shares. Royal Bank Of Canada boosted their price target 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. Susquehanna reissued a “positive” rating and issued a $98.00 target price on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. TD Cowen decreased their price target on Cognizant Technology Solutions from $85.00 to $71.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. Mizuho set a $87.00 price objective on Cognizant Technology Solutions in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, January 26th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.78.

Cognizant Technology Solutions Stock Up 2.3%

The stock’s fifty day moving average is $72.72 and its two-hundred day moving average is $73.62. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $29.49 billion, a PE ratio of 13.56, a P/E/G ratio of 1.33 and a beta of 0.99.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period in the prior year, the company earned $1.21 earnings per share. Cognizant Technology Solutions’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, analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is presently 29.01%.

Insider Transactions at Cognizant Technology Solutions

In related news, CEO Ravi Kumar Singisetti sold 2,950 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $85.06, for a total value of $250,927.00. Following the transaction, the chief executive officer owned 75,209 shares in the company, valued at $6,397,277.54. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Surya Gummadi sold 1,728 shares of the stock in a transaction dated 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,809 shares of company stock valued at $1,423,037. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. 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 position in Cognizant Technology Solutions during the 4th quarter valued at $28,000. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions in the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. increased its stake in Cognizant Technology Solutions by 165.1% in the fourth 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 during the period. Finally, Prosperity Bancshares Inc purchased a new stake in Cognizant Technology Solutions in the fourth quarter worth $29,000. Institutional investors own 92.44% of the company’s stock.

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.