Cognizant Technology Solutions (NASDAQ:CTSH) Sets New 12-Month Low on Analyst Downgrade

Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Get Free Report) shares hit a new 52-week low on Monday after Berenberg Bank lowered their price target on the stock from $107.00 to $81.00. Berenberg Bank currently has a buy rating on the stock. Cognizant Technology Solutions traded as low as $49.83 and last traded at $49.9150, with a volume of 1492924 shares trading hands. The stock had previously closed at $51.68.

A number of other equities research analysts have also weighed in on the stock. Robert W. Baird set a $72.00 target price on shares of Cognizant Technology Solutions and gave the company a “neutral” rating in a research note on Friday, April 10th. BMO Capital Markets decreased their target price on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Guggenheim decreased their target price on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. UBS Group reduced their price objective on Cognizant Technology Solutions from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, TD Cowen restated a “hold” rating and issued a $62.00 price objective (down from $71.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.76.

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Institutional Investors Weigh In On Cognizant Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter worth $25,000. Lodestone Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 4th quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in Cognizant Technology Solutions in the 4th quarter worth $28,000. Physician Wealth Advisors Inc. boosted 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 buying an additional 213 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Cognizant Technology Solutions in the 4th quarter worth $29,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Price Performance

The company has a market cap of $23.59 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The firm’s fifty day moving average is $60.24 and its two-hundred day moving average is $71.35.

Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. Cognizant Technology Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.70%.

About Cognizant Technology Solutions

(Get Free Report)

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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