Cognizant Technology Solutions (NASDAQ:CTSH) Stock Rating Reaffirmed as “Outperform” by Wedbush

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research note issued on Friday, Benzinga reports. They presently have a $70.00 price target on the information technology service provider’s stock. Wedbush’s target price indicates a potential upside of 16.92% from the company’s current price.

Several other brokerages also recently weighed in on CTSH. Royal Bank Of Canada set a $55.00 price target on Cognizant Technology Solutions in a report on Friday, July 24th. Robert W. Baird set a $68.00 price objective on Cognizant Technology Solutions in a report on Thursday, July 30th. TD Cowen reiterated a “hold” rating and issued a $54.00 target price on shares of Cognizant Technology Solutions in a research note on Friday, September 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cognizant Technology Solutions in a research note on Friday, August 7th. Finally, HSBC cut their price target on shares of Cognizant Technology Solutions from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average price target of $64.43.

Cognizant Technology Solutions Trading Down 1.7%

Shares of Cognizant Technology Solutions stock traded down $1.01 during trading on Friday, hitting $59.87. The stock had a trading volume of 1,238,322 shares, compared to its average volume of 8,079,376. Cognizant Technology Solutions has a 12 month low of $37.08 and a 12 month high of $87.03. 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 firm’s fifty day simple moving average is $58.96 and its 200-day simple moving average is $54.45. The stock has a market cap of $26.97 billion, a PE ratio of 12.91, a PEG ratio of 1.07 and a beta of 0.86.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts expect that Cognizant Technology Solutions will post 5.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signature Equity Partners LLC lifted its stake in shares of Cognizant Technology Solutions by 102.4% during the 1st quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Reflection Asset Management bought a new stake in Cognizant Technology Solutions during the fourth quarter valued at about $40,000. MV Capital Management Inc. purchased a new position in Cognizant Technology Solutions in the fourth quarter valued at about $42,000. SJS Investment Consulting Inc. raised its holdings in Cognizant Technology Solutions by 1,580.0% in the first quarter. SJS Investment Consulting Inc. now owns 840 shares of the information technology service provider’s stock worth $52,000 after purchasing an additional 790 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in 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 worth $59,000 after purchasing an additional 246 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.