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

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) have been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the stock, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $89.3333.

CTSH has been the subject of several recent analyst reports. TD Cowen reissued a “hold” rating on shares of Cognizant Technology Solutions in a report on Friday, January 9th. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the stock a “buy” rating in a research report on Thursday. Susquehanna reiterated a “positive” rating and issued a $98.00 price target on shares of Cognizant Technology Solutions in a research note on Friday. Guggenheim restated a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Cognizant Technology Solutions in a research note on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cognizant Technology Solutions in a report on Monday, December 29th.

Insider Activity

In related news, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction 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 sale, the chief accounting officer owned 36,149 shares in the company, valued at approximately $2,891,920. This represents a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Patsalos-Fox sold 2,000 shares of Cognizant Technology Solutions stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total transaction of $168,460.00. Following the transaction, the director directly owned 29,729 shares of the company’s stock, valued at approximately $2,504,073.67. This trade represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,206 shares of company stock valued at $2,505,231 over the last three months. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several hedge funds have recently bought and sold shares of CTSH. Moran Wealth Management LLC increased its stake in shares of Cognizant Technology Solutions by 2,327.2% during the fourth quarter. Moran Wealth Management LLC now owns 96,602 shares of the information technology service provider’s stock worth $8,018,000 after purchasing an additional 92,622 shares during the period. Merit Financial Group LLC grew its holdings in Cognizant Technology Solutions by 8.7% in the 4th quarter. Merit Financial Group LLC now owns 10,198 shares of the information technology service provider’s stock valued at $846,000 after buying an additional 812 shares in the last quarter. Hendershot Investments Inc. increased its position in Cognizant Technology Solutions by 1.6% during the 4th quarter. Hendershot Investments Inc. now owns 234,602 shares of the information technology service provider’s stock worth $19,472,000 after buying an additional 3,688 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Cognizant Technology Solutions by 20.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 232,344 shares of the information technology service provider’s stock worth $19,285,000 after buying an additional 38,880 shares during the period. Finally, Trinity Legacy Partners LLC lifted its holdings in shares of Cognizant Technology Solutions by 2.0% during the fourth quarter. Trinity Legacy Partners LLC now owns 65,569 shares of the information technology service provider’s stock worth $5,442,000 after buying an additional 1,283 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ CTSH opened at $85.61 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50-day moving average of $82.00 and a 200-day moving average of $74.71. The stock has a market capitalization of $41.32 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.61 and a beta of 0.96. Cognizant Technology Solutions has a fifty-two week low of $65.15 and a fifty-two week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, October 29th. The information technology service provider reported $1.39 EPS for the quarter, beating the consensus estimate 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 return on equity of 17.00% and a net margin of 10.20%.The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.220-5.260 EPS. As a group, sell-side analysts predict that Cognizant Technology Solutions will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were paid a $0.31 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.4%. Cognizant Technology Solutions’s dividend payout ratio is currently 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.