Daiwa Securities Group Issues Positive Forecast for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective hoisted by Daiwa Securities Group from $42.00 to $60.00 in a report released on Friday morning. The firm currently has a neutral rating on the information technology service provider’s stock.

A number of other research analysts have also recently weighed in on the stock. HSBC decreased their price objective on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Robert W. Baird set a $68.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. TD Cowen reaffirmed a “hold” rating and set a $54.00 price target on shares of Cognizant Technology Solutions in a research report on Friday, September 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cognizant Technology Solutions in a report on Friday, August 7th. Finally, Berenberg Bank set a $59.00 price objective on Cognizant Technology Solutions and gave the company a “hold” rating in a research report on Wednesday, June 17th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.43.

Cognizant Technology Solutions Price Performance

Shares of Cognizant Technology Solutions stock opened at $57.33 on Friday. The business’s fifty day moving average price is $57.81 and its 200 day moving average price is $54.62. Cognizant Technology Solutions has a twelve month low of $37.08 and a twelve month high of $87.03. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $25.82 billion, a P/E ratio of 12.33, a PEG ratio of 1.07 and a beta of 0.83.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, research analysts anticipate that Cognizant Technology Solutions will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a $0.33 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. Cognizant Technology Solutions’s dividend payout ratio is 28.39%.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTSH. Security National Bank of SO Dak boosted its holdings in Cognizant Technology Solutions by 1.1% in the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock valued at $998,000 after purchasing an additional 290 shares during the last quarter. Security National Bank of Sioux City Iowa IA increased its holdings in Cognizant Technology Solutions by 40.8% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 35,837 shares of the information technology service provider’s stock worth $1,388,000 after purchasing an additional 10,385 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter valued at approximately $360,000. Sequoia Financial Advisors LLC raised its position in shares of Cognizant Technology Solutions by 69.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 98,919 shares of the information technology service provider’s stock valued at $3,831,000 after purchasing an additional 40,379 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Cognizant Technology Solutions by 20.7% during the 2nd quarter. Tidal Investments LLC now owns 224,697 shares of the information technology service provider’s stock valued at $8,703,000 after buying an additional 38,577 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services and information technology company that helps organizations modernize their technology infrastructure, operations and customer experiences. The company provides consulting, systems integration, application development and maintenance, and business process services to clients across industries.

Its offerings include cloud enablement, software engineering, data and analytics, artificial intelligence, cybersecurity, automation and digital workplace solutions.