Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) had its price objective hoisted by Daiwa Securities Group from $42.00 to $60.00 in a note issued to investors on Friday. The firm presently has a “neutral” rating on the information technology service provider’s stock. Daiwa Securities Group’s price target indicates a potential upside of 4.66% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. Guggenheim restated a “buy” rating and set a $65.00 price target (down from $80.00) on shares of Cognizant Technology Solutions in a report on Monday, July 27th. Robert W. Baird set a $68.00 target price on shares of Cognizant Technology Solutions in a research report on Thursday, July 30th. Citigroup reissued a “neutral” rating and set a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Finally, TD Cowen restated a “hold” rating and issued a $54.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $64.43.
Read Our Latest Stock Report on Cognizant Technology Solutions
Cognizant Technology Solutions Stock Up 0.3%
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, equities analysts predict that Cognizant Technology Solutions will post 5.74 EPS for the current fiscal year.
Hedge Funds Weigh In On Cognizant Technology Solutions
Hedge funds have recently bought and sold shares of the company. Security National Bank of SO Dak grew its holdings in Cognizant Technology Solutions by 1.1% during the 2nd quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock worth $998,000 after acquiring an additional 290 shares during the period. Security National Bank of Sioux City Iowa IA boosted its position in shares of Cognizant Technology Solutions by 40.8% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 35,837 shares of the information technology service provider’s stock valued at $1,388,000 after purchasing an additional 10,385 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new stake in Cognizant Technology Solutions during the second quarter worth approximately $360,000. Sequoia Financial Advisors LLC grew its stake in Cognizant Technology Solutions by 69.0% during the second quarter. Sequoia Financial Advisors LLC now owns 98,919 shares of the information technology service provider’s stock worth $3,831,000 after purchasing an additional 40,379 shares during the period. Finally, Tidal Investments LLC increased its holdings in Cognizant Technology Solutions by 20.7% in the second quarter. Tidal Investments LLC now owns 224,697 shares of the information technology service provider’s stock worth $8,703,000 after purchasing an additional 38,577 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.
About Cognizant Technology Solutions
Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.
Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.
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