Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) had its target price hoisted by analysts at Wells Fargo & Company from $67.00 to $77.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology service provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.03% from the company’s previous close.
Several other analysts have also recently issued reports on CTSH. Weiss Ratings upgraded Cognizant Technology Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Mizuho set a $64.00 target price on Cognizant Technology Solutions in a report on Thursday, August 6th. Citigroup reiterated a “neutral” rating on shares of Cognizant Technology Solutions in a research report on Monday, October 19th. HSBC lowered their price target on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada set a $55.00 price target on Cognizant Technology Solutions in a research report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.13.
Check Out Our Latest Stock Report on CTSH
Cognizant Technology Solutions Stock Down 0.8%
Shares of CTSH traded down $0.56 during midday trading on Monday, hitting $69.98. The company had a trading volume of 259,894 shares, compared to its average volume of 7,923,415. The company’s 50 day moving average price is $61.58 and its 200 day moving average price is $54.69. The stock has a market cap of $31.52 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.32 and a beta of 0.86. Cognizant Technology Solutions has a 52 week low of $37.08 and a 52 week high of $87.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company posted $1.31 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, equities research analysts predict that Cognizant Technology Solutions will post 5.74 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Cognizant Technology Solutions in the 1st quarter valued at approximately $29,510,000. Artemis Investment Management LLP boosted its position in Cognizant Technology Solutions by 289.6% during the 3rd quarter. Artemis Investment Management LLP now owns 2,905,584 shares of the information technology service provider’s stock worth $166,897,000 after acquiring an additional 2,159,704 shares during the period. Ancora Advisors LLC acquired a new position in Cognizant Technology Solutions during the 2nd quarter worth $2,929,000. Pzena Investment Management LLC grew its stake in shares of Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Cognizant Technology Solutions by 752.1% during the first quarter. Lazard Asset Management LLC now owns 1,317,166 shares of the information technology service provider’s stock valued at $80,808,000 after purchasing an additional 1,162,580 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.
Cognizant Technology Solutions Company Profile
Cognizant Technology Solutions Corporation is a global information technology services and consulting company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company serves businesses across industries including financial services, healthcare, life sciences, manufacturing, retail and communications.
Cognizant’s services include consulting, application development and modernization, cloud computing, data and artificial intelligence, digital engineering, cybersecurity and business process services.
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