Cognizant Technology Solutions’ (CTSH) “Outperform” Rating Reiterated at Wedbush

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “outperform” rating restated by Wedbush in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $70.00 price objective on the information technology service provider’s stock. Wedbush’s target price indicates a potential upside of 13.05% from the company’s previous close.

Several other research firms have also recently issued reports on CTSH. Citigroup reaffirmed a “neutral” rating and set a $60.00 price target (up from $45.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Susquehanna set a $82.00 price target on shares of Cognizant Technology Solutions and gave the stock a “positive” rating in a research note on Thursday, July 30th. Mizuho set a $64.00 price target on shares of Cognizant Technology Solutions in a research note on Thursday, August 6th. TD Cowen reaffirmed a “hold” rating and set a $54.00 price target on shares of Cognizant Technology Solutions in a research note on Friday, September 18th. Finally, Nomura decreased their price target on shares of Cognizant Technology Solutions from $93.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Ten equities 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 stock. According to data from MarketBeat, Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus target price of $64.43.

Cognizant Technology Solutions Price Performance

NASDAQ CTSH traded up $2.24 during trading hours on Friday, reaching $61.92. The company’s stock had a trading volume of 2,169,054 shares, compared to its average volume of 7,999,745. The stock has a market cap of $27.89 billion, a PE ratio of 13.32, a PEG ratio of 1.11 and a beta of 0.86. Cognizant Technology Solutions has a fifty-two week low of $37.08 and a fifty-two week high of $87.03. The company’s 50-day moving average is $59.89 and its two-hundred day moving average is $54.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.18 and a current ratio of 2.18.

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

Institutional Trading of Cognizant Technology Solutions

A number of hedge funds have recently made changes to their positions in the stock. Resources Management Corp CT ADV grew its position in shares of Cognizant Technology Solutions by 6.1% during the fourth quarter. Resources Management Corp CT ADV now owns 3,695 shares of the information technology service provider’s stock worth $307,000 after buying an additional 211 shares in the last quarter. Capital Advisors Ltd. LLC boosted 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 during the period. Security National Bank of SO Dak boosted its holdings in Cognizant Technology Solutions by 1.1% in the second quarter. Security National Bank of SO Dak now owns 25,780 shares of the information technology service provider’s stock worth $998,000 after purchasing an additional 290 shares during the period. Signature Equity Partners LLC boosted its holdings in Cognizant Technology Solutions by 102.4% in the first 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 period. Finally, Pine Valley Investments Ltd Liability Co boosted its holdings in Cognizant Technology Solutions by 3.6% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 9,338 shares of the information technology service provider’s stock worth $573,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.