Cognizant Technology Solutions (NASDAQ:CTSH) Given “Outperform” Rating at Wedbush

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research report issued on Friday, Benzinga reports. They currently have a $70.00 price target on the information technology service provider’s stock. Wedbush’s target price suggests a potential upside of 18.40% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Guggenheim reaffirmed a “buy” rating and set a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a report on Monday, July 27th. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a report on Thursday, July 30th. Berenberg Bank set a $59.00 target price on Cognizant Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, June 17th. TD Cowen reaffirmed a “hold” rating and set a $54.00 target price on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Cognizant Technology Solutions in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.43.

Cognizant Technology Solutions Stock Down 2.9%

NASDAQ CTSH traded down $1.76 during trading on Friday, hitting $59.12. The company’s stock had a trading volume of 2,490,727 shares, compared to its average volume of 8,086,580. 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 has a market cap of $26.63 billion, a PE ratio of 12.71, a P/E/G ratio of 1.07 and a beta of 0.86. The business’s 50 day simple moving average is $58.96 and its 200-day simple moving average is $54.45. Cognizant Technology Solutions has a fifty-two week low of $37.08 and a fifty-two week 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business posted $1.31 EPS. Cognizant Technology Solutions’s revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. On average, equities analysts anticipate that Cognizant Technology Solutions will post 5.74 EPS for the current fiscal year.

Institutional Trading of Cognizant Technology Solutions

Several large investors have recently made changes to their positions in CTSH. Pzena Investment Management LLC grew its holdings in Cognizant Technology Solutions by 14.9% in 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 grew its holdings in Cognizant Technology Solutions by 2.2% in the 4th quarter. Capital Research Global Investors now owns 6,356,349 shares of the information technology service provider’s stock valued at $527,577,000 after buying an additional 139,437 shares in the last quarter. National Bank of Canada FI grew its holdings in Cognizant Technology Solutions by 0.5% in the 4th 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 buying an additional 30,811 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Cognizant Technology Solutions by 3.6% in 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 buying an additional 222,819 shares in the last quarter. Finally, Amundi grew its holdings in Cognizant Technology Solutions by 9.2% in the 1st quarter. Amundi now owns 6,177,881 shares of the information technology service provider’s stock valued at $379,013,000 after buying an additional 520,532 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.