Brokerages Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Target Price at $73.00

Cognizant Technology Solutions Corporation (NASDAQ:CTSHGet Free Report) has received an average rating of “Hold” from the twenty-three research firms that are covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $72.6818.

Several equities analysts have issued reports on the company. Berenberg Bank cut their price objective on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada boosted their target price on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. TD Cowen restated a “hold” rating and set a $62.00 target price (down from $71.00) on shares of Cognizant Technology Solutions in a research report on Thursday, April 30th. Susquehanna dropped their target price on 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. Finally, Truist Financial started coverage on Cognizant Technology Solutions in a research report on Monday. They set a “hold” rating and a $66.00 target price for the company.

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More Cognizant Technology Solutions News

Here are the key news stories impacting Cognizant Technology Solutions this week:

Cognizant Technology Solutions Trading Down 3.0%

Shares of CTSH opened at $53.51 on Monday. The stock has a fifty day moving average price of $55.92 and a two-hundred day moving average price of $68.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. Cognizant Technology Solutions has a 52-week low of $45.48 and a 52-week high of $87.03. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.16 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSHGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Analysts predict that Cognizant Technology Solutions will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions announced that its Board of Directors has approved a share repurchase program on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a dividend of $0.33 per share. The ex-dividend date was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. Cognizant Technology Solutions’s payout ratio is presently 28.70%.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of institutional investors have recently made changes to their positions in the stock. JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the third quarter valued at about $25,000. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the fourth quarter valued at about $28,000. Flagship Harbor Advisors LLC acquired a new position in Cognizant Technology Solutions in the fourth quarter valued at about $28,000. Physician Wealth Advisors Inc. grew its stake in Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter worth about $29,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cognizant Technology Solutions (NASDAQ:CTSH)

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