Cognizant Technology Solutions (NASDAQ:CTSH) Announces Quarterly Earnings Results

Cognizant Technology Solutions (NASDAQ:CTSH) posted its quarterly earnings data on Wednesday. The information technology service provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09, Zacks reports. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. Cognizant Technology Solutions updated its FY 2025 guidance to 4.900-5.060 EPS and its Q1 2025 guidance to EPS.

Cognizant Technology Solutions Trading Up 0.1 %

Shares of NASDAQ:CTSH traded up $0.06 during trading on Wednesday, reaching $83.60. The stock had a trading volume of 4,779,941 shares, compared to its average volume of 2,822,692. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.08. The stock has a market cap of $41.45 billion, a P/E ratio of 18.50, a PEG ratio of 2.21 and a beta of 1.07. The business has a fifty day moving average price of $79.25 and a 200-day moving average price of $77.41. Cognizant Technology Solutions has a fifty-two week low of $63.79 and a fifty-two week high of $83.97.

Insider Buying and Selling

In related news, CAO John Sunshin Kim sold 5,000 shares of Cognizant Technology Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total value of $400,550.00. Following the completion of the sale, the chief accounting officer now owns 39,022 shares in the company, valued at approximately $3,126,052.42. The trade was a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on CTSH. Robert W. Baird upped their price objective on Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cognizant Technology Solutions from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen lifted their target price on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 31st. Finally, Mizuho upped their price objective on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Seventeen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions presently has a consensus rating of “Hold” and an average target price of $81.39.

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.