Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Receives $85.19 Average Price Target from Analysts

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $85.4375.

Several equities analysts have recently issued reports on CTSH shares. Royal Bank Of Canada decreased their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Mizuho set a $85.00 price target on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. William Blair raised Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, November 21st. Finally, UBS Group reissued a “neutral” rating and issued a $82.00 target price (up from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday.

Insider Activity at Cognizant Technology Solutions

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief accounting officer owned 36,149 shares in the company, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ravi Kumar Singisetti sold 3,125 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $80.01, for a total value of $250,031.25. Following the completion of the sale, the chief executive officer owned 75,454 shares in the company, valued at approximately $6,037,074.54. This trade represents a 3.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,125 shares of company stock valued at $637,981 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Cognizant Technology Solutions

Institutional investors have recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of Cognizant Technology Solutions in the second quarter valued at approximately $27,000. NewSquare Capital LLC lifted its position in Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after buying an additional 153 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth about $25,000. High Note Wealth LLC increased its position in shares of Cognizant Technology Solutions by 22,450.0% in the third quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after acquiring an additional 449 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in Cognizant Technology Solutions during the third quarter worth about $34,000. Institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock opened at $83.22 on Monday. The firm’s 50 day moving average price is $72.34 and its two-hundred day moving average price is $73.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36. Cognizant Technology Solutions has a 52-week low of $65.15 and a 52-week high of $90.82. The stock has a market cap of $40.17 billion, a PE ratio of 19.31, a PEG ratio of 1.65 and a beta of 0.97.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. Cognizant Technology Solutions had a return on equity of 17.00% and a net margin of 10.20%.The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, analysts forecast that Cognizant Technology Solutions will post 4.98 EPS for the current year.

Cognizant Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.77%.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.