Cognizant Technology Solutions (NASDAQ:CTSH) Price Target Cut to $85.00 by Analysts at Guggenheim

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective trimmed by Guggenheim from $100.00 to $85.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the information technology service provider’s stock.

CTSH has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, January 26th. Berenberg Bank set a $107.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group reduced their target price on shares of Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Wedbush began coverage on shares of Cognizant Technology Solutions in a research report on Thursday, April 9th. They set a “neutral” rating and a $61.00 target price for the company. Finally, Susquehanna reissued a “positive” rating and set a $98.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.68.

Cognizant Technology Solutions Trading Down 2.7%

Shares of CTSH stock opened at $58.81 on Wednesday. Cognizant Technology Solutions has a 52-week low of $57.39 and a 52-week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The company has a 50-day simple moving average of $62.24 and a two-hundred day simple moving average of $72.16. The company has a market capitalization of $28.13 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.32 and a beta of 0.98.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s quarterly 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. Research analysts anticipate that Cognizant Technology Solutions will post 5.65 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 18th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, February 18th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s dividend payout ratio is currently 29.01%.

Insider Activity at Cognizant Technology Solutions

In related news, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction that occurred 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 approximately $2,129,741.46. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.

Institutional Trading of Cognizant Technology Solutions

A number of institutional investors have recently modified their holdings of the business. Checchi Capital Advisers LLC lifted its stake in shares of Cognizant Technology Solutions by 3.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock valued at $320,000 after buying an additional 127 shares in the last quarter. Unison Advisors LLC lifted its stake in shares of Cognizant Technology Solutions by 0.5% during the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock valued at $2,498,000 after buying an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Cognizant Technology Solutions by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock worth $177,000 after purchasing an additional 143 shares in the last quarter. Security National Bank of SO Dak lifted its stake in Cognizant Technology Solutions by 0.6% in the 2nd quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock worth $1,922,000 after purchasing an additional 150 shares in the last quarter. Finally, Haven Private LLC lifted its stake in Cognizant Technology Solutions by 1.9% in the 3rd quarter. Haven Private LLC now owns 8,451 shares of the information technology service provider’s stock worth $567,000 after purchasing an additional 157 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Company Profile

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.