Cognizant Technology Solutions’ (CTSH) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Cognizant Technology Solutions (NASDAQ:CTSH) in a research report sent to investors on Friday,Benzinga reports. Wedbush currently has a $70.00 price objective on the information technology service provider’s stock.

CTSH has been the subject of a number of other reports. HSBC lowered their target price on Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Royal Bank Of Canada set a $55.00 price target on Cognizant Technology Solutions in a research note on Friday, July 24th. TD Cowen restated a “hold” rating and set a $54.00 price target on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Morgan Stanley restated a “negative” rating and set a $51.00 price target (up from $44.00) on shares of Cognizant Technology Solutions in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.43.

Cognizant Technology Solutions Price Performance

CTSH stock opened at $59.20 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The firm has a market cap of $26.67 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.11 and a beta of 0.86. The company’s fifty day simple moving average is $59.80 and its 200 day simple moving average is $54.32. Cognizant Technology Solutions has a 12-month low of $37.08 and a 12-month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the business posted $1.31 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, analysts expect that Cognizant Technology Solutions will post 5.74 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is 28.39%.

Institutional Trading of Cognizant Technology Solutions

Several large investors have recently made changes to their positions in CTSH. Resources Management Corp CT ADV raised its stake in shares of Cognizant Technology Solutions by 6.1% in the fourth quarter. Resources Management Corp CT ADV now owns 3,695 shares of the information technology service provider’s stock worth $307,000 after purchasing an additional 211 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Cognizant Technology Solutions by 34.5% in the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider’s stock valued at $59,000 after purchasing an additional 246 shares in the last quarter. Security National Bank of SO Dak lifted its holdings in shares of 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 in the last quarter. Signature Equity Partners LLC boosted its position in shares of Cognizant Technology Solutions by 102.4% during the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock valued at $37,000 after buying an additional 303 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its position in shares of Cognizant Technology Solutions by 3.6% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider’s stock valued at $573,000 after buying an additional 322 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a global professional services and information technology company that helps businesses modernize their operations and technology infrastructure. Its services include IT consulting, systems integration, application development and modernization, cloud computing, data and analytics, artificial intelligence, cybersecurity, and digital engineering.

The company also provides business process services and industry-specific solutions for sectors such as financial services, healthcare, life sciences, manufacturing, retail, communications, and information technology.