Cognizant Technology Solutions (NASDAQ:CTSH) Price Target Raised to $92.00

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective lifted by JPMorgan Chase & Co. from $89.00 to $92.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the information technology service provider’s stock.

Other equities analysts also recently issued reports about the company. Evercore ISI started coverage on Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 price target for the company. UBS Group set a $78.00 price target on Cognizant Technology Solutions and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen downgraded Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target (down from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st. Finally, Mizuho set a $85.00 price target on Cognizant Technology Solutions in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.19.

Cognizant Technology Solutions Stock Performance

Shares of Cognizant Technology Solutions stock opened at $72.88 on Thursday. Cognizant Technology Solutions has a one year low of $65.15 and a one year high of $90.82. The company has a market cap of $35.59 billion, a PE ratio of 16.91, a P/E/G ratio of 1.47 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.36. The business has a 50-day simple moving average of $69.02 and a 200-day simple moving average of $73.67.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, topping 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 business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The business’s revenue for the quarter 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. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Cognizant Technology Solutions’s dividend payout ratio is presently 28.77%.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several large investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth $214,000. Mather Group LLC. lifted its holdings in shares of Cognizant Technology Solutions by 210.6% during the first quarter. Mather Group LLC. now owns 4,578 shares of the information technology service provider’s stock worth $350,000 after purchasing an additional 3,104 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Cognizant Technology Solutions by 1.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,822 shares of the information technology service provider’s stock worth $4,882,000 after purchasing an additional 1,079 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth $1,094,000. Finally, Rossby Financial LCC acquired a new stake in shares of Cognizant Technology Solutions during the first quarter worth $246,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Cognizant Technology Solutions Company Profile

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.