Analysts Set Cognizant Technology Solutions Corporation (NASDAQ:CTSH) PT at $75.45

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has received a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $73.7619.

A number of brokerages have recently commented on CTSH. The Goldman Sachs Group set a $75.00 price objective on shares of Cognizant Technology Solutions in a research note on Wednesday, April 29th. Royal Bank Of Canada raised their price objective on shares of Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Wells Fargo & Company dropped their price objective on shares of Cognizant Technology Solutions from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 26th. Finally, Robert W. Baird set a $72.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “neutral” rating in a research note on Friday, April 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CTSH. Norges Bank purchased a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $690,959,000. GQG Partners LLC purchased a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $673,651,000. CIBC Bancorp USA Inc. purchased a new position in shares of Cognizant Technology Solutions during the 3rd quarter valued at approximately $201,834,000. Cibc World Markets Corp purchased a new position in shares of Cognizant Technology Solutions during the 4th quarter valued at approximately $234,671,000. Finally, Pzena Investment Management LLC lifted its position in shares of Cognizant Technology Solutions by 14.9% during 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 buying an additional 2,633,683 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Cognizant Technology Solutions Price Performance

Shares of NASDAQ:CTSH opened at $49.25 on Thursday. The company has a market cap 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 has a twelve month low of $49.03 and a twelve month high of $87.03. The company’s 50 day moving average is $59.73 and its 200 day moving average is $71.10. 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 issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, sell-side analysts forecast that Cognizant Technology Solutions will post 5.7 EPS for the current year.

Cognizant Technology Solutions Announces Dividend

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 paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.70%.

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.