Analysts Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Price Target at $90.17

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have earned a consensus rating of “Hold” from the twenty-two analysts that are currently covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $90.1667.

Several equities research analysts recently issued reports on CTSH shares. Royal Bank Of Canada lifted their price target on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Guggenheim restated a “buy” rating and set a $100.00 price objective (up previously from $95.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 28th. Argus raised Cognizant Technology Solutions to a “hold” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, January 26th. Finally, Susquehanna reissued a “positive” rating and set a $98.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, January 23rd.

Cognizant Technology Solutions Stock Down 6.0%

Shares of NASDAQ CTSH opened at $61.13 on Friday. The stock has a fifty day moving average price of $79.90 and a 200 day moving average price of $74.57. The company has a market cap of $29.24 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.41 and a beta of 0.95. Cognizant Technology Solutions has a 12-month low of $60.89 and a 12-month high of $87.03. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.31 billion. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Research analysts anticipate that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 18th will be issued a $0.33 dividend. This is a boost from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 29.01%.

Insider Buying and Selling at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, insider Surya Gummadi sold 1,728 shares of Cognizant Technology Solutions stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares in the company, valued at $2,129,741.46. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ravi Kumar Singisetti sold 2,950 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $85.06, for a total value of $250,927.00. Following the completion of the sale, the chief executive officer directly owned 75,209 shares in the company, valued at approximately $6,397,277.54. This trade represents a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,434 shares of company stock worth $2,460,809 in the last ninety days. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Cognizant Technology Solutions

Institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in shares of Cognizant Technology Solutions by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,852 shares of the information technology service provider’s stock valued at $320,000 after purchasing an additional 127 shares during the period. Unison Advisors LLC grew its holdings in Cognizant Technology Solutions by 0.5% in the 4th quarter. Unison Advisors LLC now owns 30,095 shares of the information technology service provider’s stock worth $2,498,000 after buying an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Cognizant Technology Solutions by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,130 shares of the information technology service provider’s stock valued at $177,000 after acquiring an additional 143 shares during the period. Security National Bank of SO Dak increased its position in Cognizant Technology Solutions by 0.6% in the 3rd quarter. Security National Bank of SO Dak now owns 24,785 shares of the information technology service provider’s stock valued at $1,662,000 after acquiring an additional 150 shares during the period. Finally, NewSquare Capital LLC raised its stake in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock valued at $29,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

About Cognizant Technology Solutions

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.