UBS Group Cuts Cognizant Technology Solutions (NASDAQ:CTSH) Price Target to $55.00

Cognizant Technology Solutions (NASDAQ:CTSH) had its price target cut by stock analysts at UBS Group from $60.00 to $55.00 in a note issued to investors on Monday,MarketScreener reports. UBS Group’s price target would suggest a potential upside of 13.66% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup reiterated a “neutral” rating and set a $58.00 target price (down from $68.00) on shares of Cognizant Technology Solutions in a research report on Thursday, April 30th. Dbs Bank dropped their price objective on shares of Cognizant Technology Solutions from $80.00 to $66.00 in a report on Thursday, May 7th. Wells Fargo & Company cut their target price on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Berenberg Bank reduced their target price on Cognizant Technology Solutions from $107.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday. Finally, BMO Capital Markets lowered their price target on Cognizant Technology Solutions from $83.00 to $63.00 in a research report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cognizant Technology Solutions presently has an average rating of “Hold” and an average target price of $73.33.

Cognizant Technology Solutions Price Performance

Cognizant Technology Solutions stock traded down $0.86 during midday trading on Monday, hitting $48.39. 1,007,273 shares of the company’s stock were exchanged, compared to its average volume of 6,481,401. The company has a market cap of $22.93 billion, a P/E ratio of 10.54, a PEG ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a 50-day moving average price of $59.73 and a two-hundred day moving average price of $71.10. Cognizant Technology Solutions has a 52-week low of $48.32 and a 52-week high of $87.03.

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 for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations 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 revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, equities research analysts forecast that Cognizant Technology Solutions will post 5.7 earnings per share for the current year.

Hedge Funds Weigh In On Cognizant Technology Solutions

A number of hedge funds have recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions in the third quarter worth about $25,000. Lodestone Wealth Management LLC purchased a new stake in Cognizant Technology Solutions in the 4th quarter worth approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Cognizant Technology Solutions in the 4th quarter worth approximately $28,000. Physician Wealth Advisors Inc. increased its stake in shares of Cognizant Technology Solutions by 165.1% during the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after buying an additional 213 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $29,000. Hedge funds and other 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.