Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Receives $86.79 Average PT from Analysts

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have earned an average rating of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $85.4375.

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Cognizant Technology Solutions in a research report on Thursday, July 17th. They issued a “hold” rating and a $80.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Citigroup assumed coverage on Cognizant Technology Solutions in a research report on Thursday. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $68.03 on Friday. Cognizant Technology Solutions has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The stock has a market cap of $33.23 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.42 and a beta of 0.95. The business has a fifty day moving average of $69.11 and a 200-day moving average of $73.62. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Cognizant Technology Solutions had a return on equity of 16.77% and a net margin of 11.89%.The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Cognizant Technology Solutions will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s payout ratio is 25.20%.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in CTSH. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions in the fourth quarter worth about $214,000. GAMMA Investing LLC raised its stake in Cognizant Technology Solutions by 19.9% during the first quarter. GAMMA Investing LLC now owns 12,059 shares of the information technology service provider’s stock valued at $923,000 after buying an additional 2,002 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Cognizant Technology Solutions by 40.7% during the first quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock valued at $2,146,000 after buying an additional 8,116 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Cognizant Technology Solutions by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 57,940 shares of the information technology service provider’s stock worth $4,432,000 after purchasing an additional 1,410 shares during the period. Finally, Premier Path Wealth Partners LLC raised its position in shares of Cognizant Technology Solutions by 12.9% during the 1st quarter. Premier Path Wealth Partners LLC now owns 3,467 shares of the information technology service provider’s stock worth $265,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.