Cognizant Technology Solutions (NASDAQ:CTSH) Price Target Cut to $65.00 by Analysts at Jefferies Financial Group

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective lowered by equities researchers at Jefferies Financial Group from $80.00 to $65.00 in a report issued on Monday,MarketScreener reports. The firm presently has a “buy” rating on the information technology service provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 22.68% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Mizuho set a $87.00 price objective on shares of Cognizant Technology Solutions in a research report on Monday, February 9th. 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. TD Cowen restated a “hold” rating and set a $62.00 price target (down from $71.00) on shares of Cognizant Technology Solutions in a report on Thursday. The Goldman Sachs Group set a $75.00 price target on shares of Cognizant Technology Solutions in a research report on Wednesday. Finally, Guggenheim decreased their price objective on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.40.

Cognizant Technology Solutions Stock Up 1.1%

Shares of CTSH opened at $52.98 on Monday. The firm has a market cap of $25.34 billion, a P/E ratio of 11.52, a PEG ratio of 1.14 and a beta of 0.81. Cognizant Technology Solutions has a 12 month low of $52.28 and a 12 month high of $87.03. The stock’s 50 day moving average is $60.88 and its two-hundred day moving average is $71.65. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. Analysts predict that Cognizant Technology Solutions will post 5.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cognizant Technology Solutions

Large investors have recently made changes to their positions in the stock. JPL Wealth Management LLC purchased a new stake in Cognizant Technology Solutions in the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in Cognizant Technology Solutions during the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Cognizant Technology Solutions during the fourth quarter worth about $28,000. Physician Wealth Advisors Inc. lifted its holdings in Cognizant Technology Solutions by 165.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock worth $28,000 after buying an additional 213 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Cognizant Technology Solutions during the 4th quarter worth about $29,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.