Analysts Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Price Target at $85.19

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has earned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $85.1875.

A number of equities analysts have weighed in on CTSH shares. Wells Fargo & Company increased their target price on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cognizant Technology Solutions in a report on Thursday, October 30th. Citigroup assumed coverage on shares of Cognizant Technology Solutions in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 price objective for the company. Guggenheim restated a “buy” rating and set a $85.00 target price (down previously from $90.00) on shares of Cognizant Technology Solutions in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price target on shares of Cognizant Technology Solutions in a research report on Wednesday, October 29th.

Cognizant Technology Solutions Stock Performance

NASDAQ:CTSH opened at $72.29 on Thursday. The company has a market capitalization of $34.89 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.47 and a beta of 0.98. The business has a fifty day simple moving average of $69.37 and a two-hundred day simple moving average of $73.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.41. Cognizant Technology Solutions has a 1 year low of $65.15 and a 1 year high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating 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 firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Q4 2025 guidance at EPS. On average, analysts expect that Cognizant Technology Solutions will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

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

Insider Activity

In other news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $75.18, for a total value of $187,950.00. Following the sale, the chief accounting officer directly owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Institutional Trading of Cognizant Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of CTSH. Brighton Jones LLC bought a new position in shares of Cognizant Technology Solutions in the fourth quarter worth $214,000. Allworth Financial LP grew its position in Cognizant Technology Solutions by 7.1% during the first quarter. Allworth Financial LP now owns 2,803 shares of the information technology service provider’s stock worth $202,000 after buying an additional 186 shares in the last quarter. Cerity Partners LLC increased its stake in Cognizant Technology Solutions by 12.8% in the 1st quarter. Cerity Partners LLC now owns 98,900 shares of the information technology service provider’s stock worth $7,566,000 after acquiring an additional 11,211 shares during the last quarter. CWM LLC raised its holdings in shares of Cognizant Technology Solutions by 0.8% in the 1st quarter. CWM LLC now owns 78,715 shares of the information technology service provider’s stock valued at $6,022,000 after acquiring an additional 658 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Cognizant Technology Solutions by 23.1% in the 1st quarter. Signaturefd LLC now owns 9,331 shares of the information technology service provider’s stock valued at $714,000 after acquiring an additional 1,751 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, 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.