Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Get Free Report) reached a new 52-week low during trading on Wednesday after Nomura lowered their price target on the stock from $93.00 to $74.00. Nomura currently has a buy rating on the stock. Cognizant Technology Solutions traded as low as $37.08 and last traded at $38.73, with a volume of 10244905 shares changing hands. The stock had previously closed at $38.74.
CTSH has been the subject of a number of other reports. Susquehanna dropped 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 report on Friday, May 1st. Mizuho decreased their price objective on shares of Cognizant Technology Solutions from $87.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Evercore lowered their price objective on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research report on Thursday, April 30th. HSBC cut their target price on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group decreased their price target on Cognizant Technology Solutions from $60.00 to $55.00 in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $68.35.
Read Our Latest Report on CTSH
Institutional Investors Weigh In On Cognizant Technology Solutions
Cognizant Technology Solutions Trading Up 2.2%
The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $19.90 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.87. The firm has a fifty day moving average price of $49.82 and a 200-day moving average price of $64.09.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.Cognizant Technology Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities research analysts anticipate that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.
Cognizant Technology Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 18th. Cognizant Technology Solutions’s payout ratio is 28.70%.
Cognizant Technology Solutions declared that its Board of Directors has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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.
Featured Articles
- Five stocks we like better than Cognizant Technology Solutions
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
