Analysts Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Price Target at $70.35

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has been assigned an average recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $69.6957.

CTSH has been the subject of several recent research reports. Guggenheim decreased their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Wedbush raised shares of Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $70.00 in a report on Monday, June 8th. TD Cowen reduced their target price on shares of Cognizant Technology Solutions from $62.00 to $47.00 and set a “hold” rating for the company in a research note on Friday, June 26th. Citigroup increased their target price on shares of Cognizant Technology Solutions from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Finally, Jefferies Financial Group dropped their price target on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, May 4th.

Institutional Trading of Cognizant Technology Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC boosted its position in Cognizant Technology Solutions by 14.9% in the first quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock worth $1,243,096,000 after purchasing an additional 2,633,683 shares during the last quarter. Invesco Ltd. increased its position in shares of Cognizant Technology Solutions by 8.6% during the 3rd quarter. Invesco Ltd. now owns 12,534,198 shares of the information technology service provider’s stock valued at $840,669,000 after purchasing an additional 987,395 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Cognizant Technology Solutions by 7.6% during the 3rd quarter. First Trust Advisors LP now owns 9,085,998 shares of the information technology service provider’s stock worth $609,398,000 after purchasing an additional 639,801 shares during the period. Norges Bank purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter worth about $690,959,000. Finally, GQG Partners LLC purchased a new position in shares of Cognizant Technology Solutions in the 4th quarter worth about $673,651,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Trading Down 0.0%

NASDAQ:CTSH opened at $38.73 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions has a one year low of $37.08 and a one year high of $87.03. The company has a market cap of $18.35 billion, a PE ratio of 8.42, a PEG ratio of 0.82 and a beta of 0.81. The firm has a 50-day moving average of $50.57 and a 200-day moving average of $64.69.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities research analysts expect that Cognizant Technology Solutions will post 5.7 EPS for the current fiscal year.

Cognizant Technology Solutions declared that its Board of Directors has authorized a share repurchase program on Monday, May 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology service provider to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 annualized dividend and a dividend yield of 3.4%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is currently 28.70%.

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.