Cognizant Technology Solutions (NASDAQ:CTSH) Given New $92.00 Price Target at JPMorgan Chase & Co.

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price hoisted by JPMorgan Chase & Co. from $89.00 to $92.00 in a report issued on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology service provider’s stock.

Several other equities research analysts have also commented on the stock. Citigroup started coverage on shares of Cognizant Technology Solutions in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cognizant Technology Solutions in a research note on Thursday. Mizuho set a $85.00 price objective on shares of Cognizant Technology Solutions in a research note on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.19.

Cognizant Technology Solutions Stock Performance

NASDAQ CTSH opened at $72.19 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 52-week low of $65.15 and a 52-week high of $90.82. The business’s 50-day moving average price is $69.01 and its 200 day moving average price is $73.64. The firm has a market cap of $35.26 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.47 and a beta of 0.95.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.30 by $0.09. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business earned $1.25 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Cognizant Technology Solutions will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.7%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 25.20%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Cognizant Technology Solutions by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 59,854,530 shares of the information technology service provider’s stock worth $4,670,449,000 after purchasing an additional 746,732 shares during the last quarter. State Street Corp increased its holdings in shares of Cognizant Technology Solutions by 0.6% during the second quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after purchasing an additional 157,427 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Cognizant Technology Solutions by 2.2% during the second quarter. Pzena Investment Management LLC now owns 17,450,691 shares of the information technology service provider’s stock valued at $1,361,677,000 after purchasing an additional 375,619 shares during the period. Geode Capital Management LLC increased its holdings in shares of Cognizant Technology Solutions by 1.5% during the second quarter. Geode Capital Management LLC now owns 14,019,891 shares of the information technology service provider’s stock valued at $1,091,391,000 after purchasing an additional 206,532 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Cognizant Technology Solutions by 13.3% during the first quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider’s stock valued at $923,925,000 after purchasing an additional 1,422,265 shares during the period. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

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.