Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) had its target price dropped by equities research analysts at Berenberg Bank from $107.00 to $81.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a “buy” rating on the information technology service provider’s stock. Berenberg Bank’s price target points to a potential upside of 60.63% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Susquehanna decreased their price target on shares of Cognizant Technology Solutions from $98.00 to $88.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft upgraded 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. BMO Capital Markets dropped their price objective on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Finally, Evercore lowered their price target on Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.76.
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Cognizant Technology Solutions Price Performance
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Sell-side analysts anticipate that Cognizant Technology Solutions will post 5.7 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $690,959,000. GQG Partners LLC acquired a new stake in shares of Cognizant Technology Solutions in the fourth quarter valued at approximately $673,651,000. CIBC Bancorp USA Inc. purchased a new position in Cognizant Technology Solutions during the third quarter worth approximately $201,834,000. Cibc World Markets Corp acquired a new position in Cognizant Technology Solutions during the fourth quarter worth $234,671,000. Finally, Pzena Investment Management LLC grew its holdings in Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after buying an additional 2,633,683 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.
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.
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