Cognizant Technology Solutions (NASDAQ:CTSH) Coverage Initiated at Citigroup

Research analysts at Citigroup began coverage on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $75.00 price target on the information technology service provider’s stock. Citigroup’s price target suggests a potential upside of 9.71% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on CTSH. Guggenheim restated a “buy” rating and issued a $85.00 price target (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday. Wells Fargo & Company initiated coverage on shares of Cognizant Technology Solutions in a research note on Tuesday. They issued an “overweight” rating and a $82.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set a “hold” rating and a $80.00 price objective on the stock. Finally, Evercore ISI began coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They set an “outperform” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.44.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $68.36 on Thursday. The stock has a 50 day moving average of $69.14 and a 200 day moving average of $73.62. Cognizant Technology Solutions has a 12 month low of $65.15 and a 12 month high of $90.82. The firm has a market cap of $33.39 billion, a PE ratio of 13.89, a PEG ratio of 1.43 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Institutional Trading of Cognizant Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of CTSH. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cognizant Technology Solutions during the second quarter worth $74,917,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cognizant Technology Solutions by 6.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider’s stock valued at $13,600,000 after purchasing an additional 11,037 shares in the last quarter. LBP AM SA acquired a new position in shares of Cognizant Technology Solutions during the 2nd quarter worth about $8,541,000. Leo Wealth LLC acquired a new stake in shares of Cognizant Technology Solutions in the second quarter worth approximately $912,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Cognizant Technology Solutions by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock valued at $38,253,000 after purchasing an additional 7,105 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.