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

Cognizant Technology Solutions (NASDAQ:CTSH)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued on Friday, Benzinga reports. They currently have a $70.00 price target on the information technology service provider’s stock. Wedbush’s price objective indicates a potential upside of 18.10% from the company’s previous close.

Several other research firms have also commented on CTSH. 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. Wells Fargo & Company upped their target price on Cognizant Technology Solutions from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada set a $55.00 target price on Cognizant Technology Solutions in a research note on Friday, July 24th. Mizuho set a $64.00 target price on Cognizant Technology Solutions in a research note on Thursday, August 6th. Finally, Citigroup reiterated a “neutral” rating and issued a $60.00 target price (up from $45.00) on shares of Cognizant Technology Solutions in a research note on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.43.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH traded down $0.74 during trading on Friday, reaching $59.27. The company had a trading volume of 1,935,855 shares, compared to its average volume of 8,035,458. Cognizant Technology Solutions has a twelve month low of $37.08 and a twelve month high of $87.03. The stock has a market capitalization of $26.70 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86. The stock has a 50-day moving average price of $59.72 and a two-hundred day moving average price of $54.34. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the firm earned $1.31 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, sell-side analysts predict that Cognizant Technology Solutions will post 5.74 earnings per share for the current year.

Institutional Investors Weigh In On Cognizant Technology Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV increased its stake in shares of Cognizant Technology Solutions by 6.1% in 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 acquiring an additional 211 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Cognizant Technology Solutions by 34.5% during the first quarter. Capital Advisors Ltd. LLC now owns 959 shares of the information technology service provider’s stock valued at $59,000 after purchasing an additional 246 shares during the last quarter. Security National Bank of SO Dak grew its stake 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 valued at $998,000 after purchasing an additional 290 shares in the last quarter. Signature Equity Partners LLC grew its stake 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 valued at $37,000 after purchasing an additional 303 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its position in Cognizant Technology Solutions by 3.6% in the 1st 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 last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.