Guggenheim Issues Pessimistic Forecast for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price cut by analysts at Guggenheim from $100.00 to $85.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the information technology service provider’s stock. Guggenheim’s target price would suggest a potential upside of 41.55% from the company’s current price.

A number of other research firms have also recently commented on CTSH. Wells Fargo & Company reissued an “overweight” rating and issued a $98.00 target price (up from $87.00) on shares of Cognizant Technology Solutions in a research note on Wednesday, January 14th. Berenberg Bank set a $107.00 target price on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley increased their target price on Cognizant Technology Solutions from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Weiss Ratings cut Cognizant Technology Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, January 26th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions has an average rating of “Hold” and a consensus target price of $84.68.

Cognizant Technology Solutions Price Performance

Shares of CTSH stock traded down $0.40 on Wednesday, reaching $60.05. The company’s stock had a trading volume of 602,682 shares, compared to its average volume of 6,319,623. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 12-month low of $57.39 and a 12-month high of $87.03. The company has a market capitalization of $28.72 billion, a P/E ratio of 13.17, a PEG ratio of 1.31 and a beta of 0.98. The stock’s 50 day simple moving average is $62.49 and its 200-day simple moving average is $72.26.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Cognizant Technology Solutions had a return on equity of 17.17% and a net margin of 10.56%.The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $1.21 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities analysts predict that Cognizant Technology Solutions will post 5.65 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Surya Gummadi sold 1,728 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $83.06, for a total value of $143,527.68. Following the sale, the insider directly owned 25,641 shares of the company’s stock, valued at $2,129,741.46. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by insiders.

Institutional Trading of Cognizant Technology Solutions

Several large investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC grew its stake in shares of Cognizant Technology Solutions by 18.8% in the first quarter. Aaron Wealth Advisors LLC now owns 11,057 shares of the information technology service provider’s stock worth $678,000 after purchasing an additional 1,748 shares during the last quarter. Foster & Motley Inc. lifted its holdings in Cognizant Technology Solutions by 4.5% in the first quarter. Foster & Motley Inc. now owns 81,239 shares of the information technology service provider’s stock worth $4,984,000 after buying an additional 3,483 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Cognizant Technology Solutions in the first quarter worth about $3,423,000. Ritholtz Wealth Management lifted its holdings in Cognizant Technology Solutions by 6.5% in the first quarter. Ritholtz Wealth Management now owns 36,374 shares of the information technology service provider’s stock worth $2,232,000 after buying an additional 2,226 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Cognizant Technology Solutions by 63.2% in the first quarter. Blue Trust Inc. now owns 6,571 shares of the information technology service provider’s stock worth $403,000 after buying an additional 2,545 shares during the period. 92.44% of the stock is owned by institutional investors.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.