Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Given Consensus Rating of “Hold” by Brokerages

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have earned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $85.1875.

Several research analysts have recently issued reports on CTSH shares. JPMorgan Chase & Co. upped their target price on shares of Cognizant Technology Solutions from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Royal Bank Of Canada cut their target price on Cognizant Technology Solutions from $93.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Citigroup initiated coverage on Cognizant Technology Solutions in a report on Thursday, October 23rd. They issued a “neutral” rating and a $75.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Cognizant Technology Solutions in a research note on Monday, December 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th.

Cognizant Technology Solutions Stock Up 0.6%

Cognizant Technology Solutions stock opened at $80.72 on Monday. The company has a market capitalization of $38.96 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.36. Cognizant Technology Solutions has a fifty-two week low of $65.15 and a fifty-two week high of $90.82. The firm has a 50 day moving average price of $71.46 and a 200 day moving average price of $73.48.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Wednesday, October 29th. The information technology service provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Cognizant Technology Solutions had a net margin of 10.20% and a return on equity of 17.00%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. Research analysts expect that Cognizant Technology Solutions will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. Cognizant Technology Solutions’s dividend payout ratio is 28.77%.

Insider Buying and Selling

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $75.18, for a total transaction of $187,950.00. Following the completion of the sale, the chief accounting officer directly owned 36,630 shares of the company’s stock, valued at approximately $2,753,843.40. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cognizant Technology Solutions

Large investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth $74,917,000. Summit Global Investments increased its stake in shares of Cognizant Technology Solutions by 245.1% during the second quarter. Summit Global Investments now owns 35,588 shares of the information technology service provider’s stock worth $2,777,000 after acquiring an additional 25,276 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cognizant Technology Solutions by 6.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,287 shares of the information technology service provider’s stock worth $13,600,000 after purchasing an additional 11,037 shares in the last quarter. LBP AM SA purchased a new stake in Cognizant Technology Solutions in the 2nd quarter valued at approximately $8,541,000. Finally, Swiss National Bank increased its position in Cognizant Technology Solutions by 7.1% during the 2nd quarter. Swiss National Bank now owns 1,497,200 shares of the information technology service provider’s stock worth $116,827,000 after purchasing an additional 98,800 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.