Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Stock Has Consensus Price Target of $64.43

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have earned a consensus recommendation of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $64.43.

CTSH has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $65.00 price target (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Wedbush reissued an “outperform” rating and issued a $70.00 price target on shares of Cognizant Technology Solutions in a report on Friday, October 2nd. Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, June 17th. Mizuho set a $64.00 price objective on shares of Cognizant Technology Solutions in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 24th.

Institutional Investors Weigh In On Cognizant Technology Solutions

Institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its stake in shares of Cognizant Technology Solutions by 14.9% during the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after buying an additional 2,633,683 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Cognizant Technology Solutions by 2.2% in the fourth quarter. Capital Research Global Investors now owns 6,356,349 shares of the information technology service provider’s stock worth $527,577,000 after acquiring an additional 139,437 shares during the period. National Bank of Canada FI grew its position in shares of Cognizant Technology Solutions by 0.5% in the fourth quarter. National Bank of Canada FI now owns 5,771,093 shares of the information technology service provider’s stock valued at $479,000,000 after purchasing an additional 30,811 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cognizant Technology Solutions by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,404,918 shares of the information technology service provider’s stock valued at $392,947,000 after purchasing an additional 222,819 shares during the period. Finally, Amundi lifted its holdings in Cognizant Technology Solutions by 9.2% during the 1st quarter. Amundi now owns 6,177,881 shares of the information technology service provider’s stock worth $379,013,000 after purchasing an additional 520,532 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Cognizant Technology Solutions Stock Down 1.6%

CTSH opened at $57.22 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 2.18. The company’s 50-day moving average is $59.58 and its 200 day moving average is $54.38. Cognizant Technology Solutions has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The firm has a market capitalization of $25.77 billion, a P/E ratio of 12.31, a PEG ratio of 1.09 and a beta of 0.86.

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

Cognizant Technology Solutions Announces Dividend

The company also recently declared 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 2.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio is currently 28.39%.

Cognizant Technology Solutions Company Profile

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.