Dbs Bank Has Lowered Expectations for Cognizant Technology Solutions (NASDAQ:CTSH) Stock Price

Cognizant Technology Solutions (NASDAQ:CTSH) had its price objective lowered by equities researchers at Dbs Bank from $80.00 to $66.00 in a research note issued on Thursday,MarketScreener reports. Dbs Bank’s price objective points to a potential upside of 27.71% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CTSH. Jefferies Financial Group cut their price target on shares of Cognizant Technology Solutions from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, May 4th. Berenberg Bank set a $107.00 price target on shares of Cognizant Technology Solutions and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley cut their price target on shares of Cognizant Technology Solutions from $70.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Evercore cut their price target on shares of Cognizant Technology Solutions from $100.00 to $70.00 in a report on Thursday, April 30th. Finally, Citigroup reiterated a “neutral” rating and issued a $58.00 price target (down from $68.00) on shares of Cognizant Technology Solutions in a report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $75.00.

Cognizant Technology Solutions Stock Down 0.5%

Shares of Cognizant Technology Solutions stock opened at $51.68 on Thursday. The firm has a fifty day moving average of $60.24 and a two-hundred day moving average of $71.35. 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 company has a market cap of $24.72 billion, a P/E ratio of 11.23, a PEG ratio of 1.09 and a beta of 0.81. Cognizant Technology Solutions has a one year low of $50.19 and a one year high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly 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 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 business’s revenue was up 5.8% compared to the same quarter last year. 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. On average, analysts forecast that Cognizant Technology Solutions will post 5.7 earnings per share for the current year.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of large investors have recently added to or reduced their stakes in CTSH. Norges Bank acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $690,959,000. GQG Partners LLC acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $673,651,000. CIBC Bancorp USA Inc. acquired a new stake in Cognizant Technology Solutions in the 3rd quarter valued at about $201,834,000. Cibc World Markets Corp acquired a new stake in Cognizant Technology Solutions in the 4th quarter valued at about $234,671,000. Finally, Pzena Investment Management LLC grew its stake in Cognizant Technology Solutions by 14.9% in the 1st quarter. Pzena Investment Management LLC now owns 20,262,362 shares of the information technology service provider’s stock valued at $1,243,096,000 after acquiring an additional 2,633,683 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.