Cognizant Technology Solutions (NASDAQ:CTSH) Price Target Cut to $81.00 by Analysts at Berenberg Bank

Cognizant Technology Solutions (NASDAQ:CTSH) had its target price reduced by Berenberg Bank from $107.00 to $81.00 in a research report report published on Monday,MarketScreener reports. Berenberg Bank currently has a buy rating on the information technology service provider’s stock.

CTSH has been the subject of several other research reports. Evercore dropped their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a research note on Thursday, April 30th. TD Cowen restated a “hold” rating and issued a $62.00 price target (down from $71.00) on shares of Cognizant Technology Solutions in a research note on Thursday, April 30th. The Goldman Sachs Group set a $75.00 price target on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. BMO Capital Markets dropped their price target on shares of Cognizant Technology Solutions from $83.00 to $63.00 in a research note on Thursday, April 30th. Finally, Guggenheim dropped their price target on shares of Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.76.

Cognizant Technology Solutions Stock Down 4.7%

Cognizant Technology Solutions stock opened at $49.25 on Monday. Cognizant Technology Solutions has a fifty-two week low of $49.03 and a fifty-two week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a 50 day moving average price of $59.73 and a 200 day moving average price of $71.10. The company has a market capitalization of $23.34 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a net margin of 10.41% and a return on equity of 17.50%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Research analysts expect that Cognizant Technology Solutions will post 5.7 earnings per share for the current year.

Cognizant Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. Cognizant Technology Solutions’s payout ratio is 28.70%.

Institutional Investors Weigh In On Cognizant Technology Solutions

Several institutional investors have recently modified their holdings of CTSH. Brighton Jones LLC purchased a new stake in shares of Cognizant Technology Solutions during the 4th quarter worth $214,000. Geneos Wealth Management Inc. lifted its position in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Cognizant Technology Solutions during the 1st quarter worth $142,000. Cresset Asset Management LLC lifted its position in shares of Cognizant Technology Solutions by 11.4% during the 2nd quarter. Cresset Asset Management LLC now owns 9,160 shares of the information technology service provider’s stock worth $715,000 after purchasing an additional 935 shares during the last quarter. Finally, Jump Financial LLC lifted its position in shares of Cognizant Technology Solutions by 231.4% during the 2nd quarter. Jump Financial LLC now owns 29,667 shares of the information technology service provider’s stock worth $2,315,000 after purchasing an additional 20,716 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other 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.