Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Receives Average Recommendation of “Hold” from Analysts

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have earned a consensus rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $85.4375.

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, October 29th. Wells Fargo & Company raised their price objective on shares of Cognizant Technology Solutions from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Mizuho set a $85.00 target price on shares of Cognizant Technology Solutions in a research note on Thursday, October 30th. UBS Group restated a “neutral” rating and set a $82.00 price target (up previously from $78.00) on shares of Cognizant Technology Solutions in a research note on Monday, December 8th. Finally, Guggenheim restated a “buy” rating and set a $85.00 price target (down previously from $90.00) on shares of Cognizant Technology Solutions in a report on Tuesday, October 21st.

Insiders Place Their Bets

In related news, CAO John Sunshin Kim sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the chief accounting officer directly owned 36,149 shares in the company, valued at approximately $2,891,920. The trade was a 6.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Patsalos-Fox sold 3,000 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $85.17, for a total value of $255,510.00. Following the transaction, the director owned 34,729 shares in the company, valued at approximately $2,957,868.93. This trade represents a 7.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,206 shares of company stock valued at $2,336,771 over the last quarter. Insiders own 0.32% of the company’s stock.

Institutional Trading of Cognizant Technology Solutions

Large investors have recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in Cognizant Technology Solutions in the 3rd quarter worth $25,000. Hilltop National Bank bought a new position in shares of Cognizant Technology Solutions in the second quarter worth about $27,000. NewSquare Capital LLC lifted its position in shares of Cognizant Technology Solutions by 71.8% during the 2nd quarter. NewSquare Capital LLC now owns 366 shares of the information technology service provider’s stock worth $29,000 after purchasing an additional 153 shares during the last quarter. High Note Wealth LLC boosted its stake in Cognizant Technology Solutions by 22,450.0% during the 3rd quarter. High Note Wealth LLC now owns 451 shares of the information technology service provider’s stock valued at $30,000 after purchasing an additional 449 shares during the period. Finally, New Millennium Group LLC acquired a new stake in Cognizant Technology Solutions in the 3rd quarter valued at approximately $34,000. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Stock Down 1.4%

CTSH stock opened at $83.00 on Friday. The company has a 50 day moving average of $77.80 and a two-hundred day moving average of $74.08. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. Cognizant Technology Solutions has a 12-month low of $65.15 and a 12-month high of $90.82. The company has a market cap of $40.06 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.69 and a beta of 0.96.

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

Cognizant Technology Solutions Dividend Announcement

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

Cognizant Technology Solutions Company Profile

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.